A framework to combat identity fraud

In an era propelled by rapid digitalisation, the traditional approaches of in-person meetings and physical document validation are progressively less popular among businesses to verify a client’s identity.

Nowadays, electronic ID checks tend to be the method of choice.

However, this has introduced heightened vulnerabilities to identity fraud, via the abundance of information available on social media and data aggregation platforms, and the growing frequency of cyber-attacks targeting unsecured systems.

In this article, Sage looks at how you can strengthen your anti-money laundering (AML) processes at your practice with the help of a special framework, so you can stay resilient against identity threats.

Here’s what is covered:

• identity fraud in the digital age
• anti-money laundering checks to carry out
• what is the ‘core identity framework’?
• what to look for in an identity verification vendor
• using the core identity framework in your verification process
• final thoughts.

Read the full article now

You can also download a free e-book, ‘Everything you need to know about anti-money laundering’, which can count towards your CPD.