Now, in one transaction, clients can satisfy their KYC/AML compliance requirements and rest assured their customers are who they claim to be.”
Louisville, KY (PRWEB) July 30, 2014
Identity verification and authentication solutions provider, Electronic Verification Systems (EVS), announced late last month that they would be adding an additional Watch List to their services. With the addition of the European Union Consolidated Watch List businesses can better meet Know Your Customer (KYC) and Anti-Money laundering regulations. This new offering has the ability to perform through their Web Service API or using a secure browser-based interface. EVS has added EU to their Watch Lists while still maintaining their competitive low cost.
Electronic Verification Systems has released this offering with the ability to perform Watch List Screening along with Identity Verification and Dynamic KBA, making it easier for clients to meet their compliance requirements all in one step. Many industries, such as financial and gaming, have extremely strict compliance guidelines, which require EU Watch List screening. With this expansion, EVS can better help those clients meet compliance regulations.
According to EVS EVP of Client Development, Eric Knapp, “We have had feedback from clients asking us to incorporate the EU Watch List into our Watch List Solution. Many of our clients are international and their KYC/AML requirements dictate checking against the EU Watch List in addition to the different US Watch Lists.” Knapp states that, “Now, in one transaction, clients can satisfy their KYC/AML compliance requirements and rest assured their customers are who they claim to be.”
EVS introduced this new offering in July 2014 because there are many industries that can benefit from EU Watch List screening. Watch List Screening can be performed as separate transactions, or consolidated with IdentiFraud Consumer, IdentiFraud DL, or IdentiFraud SSN transactions. “Our clients asked for more Watch List Screening solutions and we’ve provided them.” says Knapp.
For more information on EVS’s fraud prevention solutions or partnerships, please contact Eric Knapp, EVS Vice President of Client Services, at 502.814.1020.
About Electronic Verification Systems
Electronic Verification Systems is a leading provider of fraud prevention solutions designed to help businesses combat identity theft, control costs, satisfy governmental regulation, and support audit and control requirements. With major clients in the financial services, retail product, brokerage, education, insurance, and corporate security industries, Electronic Verification Systems provides powerful and innovative solutions to businesses and organizations across the world.