Verification levels

Simplified
Simplified verification is generally permissible when a client is identified as low risk. The following provides a high-level overview of the applicable cir...
Fri, 17 Mar, 2023 at 3:07 PM
Standard
The general position under anti-money laundering legislation is that Standard verification should be applied when neither enhanced nor simplified verificati...
Fri, 17 Mar, 2023 at 3:07 PM
Enhanced
Enhanced verification is generally required when a client is identified as high risk. The following provides a high-level overview of the requirements: ...
Fri, 17 Mar, 2023 at 3:06 PM
Verification level overview
There are three levels of client verification able to be undertaken using the First AML platform. These are standard, enhanced, and simplified. The level of...
Fri, 17 Mar, 2023 at 3:04 PM
Automated triggers
The verification level of a case will automatically be changed in the following circumstances, unless instructions are received to the contrary: Posit...
Fri, 17 Mar, 2023 at 3:05 PM