Louisville, KY- (02/13/2015) Electronic Verification Systems (EVS) has announced the addition of multi-source verification to the IdentiFraud International identity verification solution. This enhancement is geared towards making IdentiFraud International compliant with European Union (EU) anti-money laundering (AML) requirements.
The Money Laundering Regulations 2007 in the UK and other legislation associated with the 3rd European Money Laundering Directive require enhanced customer due diligence in situations where a customer is not physically present for identification purposes. By matching consumer data to multiple sources and identifying the type of data source utilized for verification, IdentiFraud International will assist businesses in meeting the multi-source component of this enhanced due diligence requirement.
Scott Million, EVP of Product Evolution for EVS, said, “EVS believes in continual improvement to our solutions to better enable businesses to prevent identity fraud and maintain compliance with applicable regulations. We are committed to continually find ways to better serve our clients, and this latest enhancement is an example of that commitment.”
The multi-source enhancement will be immediately available to all clients using IdentiFraud International. Additional information about IdentiFraud International, including coverage by Country, is available at https://www.electronicverificationsystems.com/international-identity-verification.
For more information on identity verification solutions offered by EVS or partnership, please contact Eric Knapp, EVP of Client Development, at 502.814.1020.
About Electronic Verification Systems (EVS)
Electronic Verification Systems (EVS) is a leading provider of identity verification and age verification solutions designed to help businesses combat identity theft, control costs, satisfy governmental regulation, and support audit and control requirements. With 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.