Accurately verify customers anywhere
Screen users against over 1100+ global sanctions, PEP, adverse media watchlists and 170K+ news sources.
Verify users against reliable government sources
Accurately match faces for user-friendly authentication
Access reliable records from Africa's business registries
Automatically spot anomalies to prevent fraud on your platform
Easily confirm bank account ownership
Validate phone number records in South Africa, Nigeria, Tanzania, Uganda and Kenya
Screen users against over 1100+ global sanctions, PEP, adverse media watchlists and 170K+ news sources.
Retrieve personal information from government records and match a selfie to official ID photo.
Match personal information against official government records.
Confirm the identity of an existing user.
Enhanced DocV authenticates and cross-references documents with government databases in one step.
Retrieve business records and stakeholder information from the official business registry
Identify users attempting to create multiple accounts using facial biometrics.
Retrieve personal information from official government records.
Verify the authenticity of an ID document and match a selfie to the ID card photo.
Reputational risk refers to the potential for a company's reputation to be damaged by negative publicity or association with negative activities. This can stem from various factors, including:
In the context of Anti-Money Laundering (AML), failing to comply with AML regulations can be a major reputational risk factor.
A damaged reputation can have severe consequences for a company, including:
Strong AML compliance practices can significantly reduce reputational risk by demonstrating a commitment to ethical operations and preventing involvement in money laundering activities. Here's how:
While Smile ID isn't directly responsible for managing a company's overall reputational risk, our solutions can support AML compliance efforts, which indirectly contribute to mitigating reputational risk:
Smile ID's AML Check product provides comprehensive screening against 1,100 global and African sanctions and PEP lists, as well as over 70,000 adverse media sources. Here's how it works:
Our solutions provide global coverage with trusted data sources like the critical OFAC list, helping businesses protect themselves from financial losses associated with money laundering.
Reputational risk is a major concern for businesses of all sizes. Failing to comply with AML regulations can be a significant contributor to reputational damage. By implementing a robust AML compliance program and leveraging our AML Check solution, companies can demonstrate their commitment to ethical operations, build trust, and mitigate reputational risks. Contact Smile ID today to learn more and get started.
We are equipped to help you level up your KYC/AML compliance stack. Our team is ready to understand your needs, answer questions, and set up your account.