Do you know your customers?
Could they be putting you at risk of supporting money laundering and terrorism financing?
This was the premise on which namescan.io was developed by Neurocom Pty Ltd. The online service has been established to assist small and medium-sized businesses (SMEs) with their Anti Money Laundering (AML) and Counter Terrorism Financing (CTF) compliance obligations.
namescan.io provides access to a low cost but high quality AML and PEP screening solution. Targeted at SMEs that are required to “know their customers,” under AML legislation, namescan.io allows users to swiftly vet their customers before they do business with them.
NameScan users can scan the name of any individual or organisation and receive an instant PDF report containing detailed profiles of any matching names
An added bonus, which gives namescan.io global appeal and sets it apart from other scanning solutions is the ability to scan the names of individuals in their original script, such as Arabic, Chinese, Cyrillic, Indonesian, Korean, Japanese, Thai and other non Latin / Roman scripts
There are no subscriptions or lock-in contracts and users can scan as a guest or register to keep a copy of their scan results on the system for up to 6 months and review or re-download them when necessary.
Users can be reassured that when they scan a name, it is being scanned against one of the most extensive and up-to-date data available today. The service utilises Dow Jones' Watchlist of sanctioned individuals and persons of special interest (SIP), including those associated with high risk crimes of terrorism, financing of terrorist acts or terrorist organisations, corruption, trafficking and money laundering; politically exposed persons (PEP); relatives and close associates of PEPs and SIPs; and sanctioned organisations and entities of special interest. The Dow Jones' Watchlist, which is updated daily, utilises research from over 36,000 global news and business sources, across content from over 194 countries in 28 languages and comprises over 14 million profiles, including over 578,000 global PEP profiles.
Bahram Boutorabi, Chief Executive Officer / Chief Technology Officer of the Neurocom group, said, "Following on from the success of our MemberCheck AML/CTF Service with reporting entities in Australia and New Zealand, and being aware of the global spread of compliance legislation, we wanted to provide a simple, affordable and easily accessible service to smaller financial services organisations and other SMEs, whose business activities with their customers could pose a money laundering or terrorism financing risk."
Updated: 23 January 2017
NameScan now offers free PEP Check and Free Sanction Search in addition to its paid service. Registered users can also download a PDF report of the results at the spot. The free PEP Check is based on a limited collection of publicly available, open source lists of politically exposed persons, which has not been vetted. It will not provide the same results and quality of data as our paid service, which utilises daily updated, premium data from the Dow Jones Watchlist.