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Martin Cheek, Managing Director

SmartSearch becomes first online AML platform to offer business credit checks


Ilkley Anti-money laundering (AML) pioneers SmartSearch have become the only online verification platform to offer business credit checks.


SmartSearch is already the only organization in the UK with the ability to verify individuals and companies in the UK and internationally all in a single platform via a browser or API, with full Sanction, PEP and adverse media screening and then ongoing monitoring.


Now, the Ilkley based AML firm is able to offer business credit reports, becoming the only online verification platform to be able to offer this level of due diligence on businesses.


This latest innovation enables clients to see an overview of a business’ credit score.  With a click of a button, users of the SmartSearch system will be able to access four years’ worth of profit and loss statements, balance sheets, key ratios and payment history.


SmartSearch will be able to check and monitor any UK companies, view in-depth credit history – including information on whether the business has CCJs or has ever filed for bankruptcy.


This enhancement to SmartSearch’s already comprehensive Know Your Business (KYB) offering – which includes Ultimate Business Owner checks - gives users immediate access to the most complete and in-depth analysis of business credit information, enabling them to make a decision about whether a potential new client is financially stable.


This latest development in SmartSearch’s award-winning AML platform comes at no additional costs – all current and future users will automatically have access to business credit checks.


Martin Cheek, Managing Director at SmartSearch said: “We first launched company checks in 2012 and are now able to take our technology to the next level by introducing business credit reports.


“All our clients will now be able to access the same level of detail about businesses as they can about individuals. This means being able to pull a full, detailed credit report about any business they work with or are planning to work with so they can make an informed decision.”


Martin concludes: “In addition to the business credit reports, clients can use SmartSearch for UBO checks, enabling them to see who is controlling any business - even with complicated corporate structures with multiple subsidiaries and parent companies - and will also automatically receive our monitoring service, so if anything changes at a company that a client has already checked, they will be alerted.”

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