Anti-money laundering specialist breaks into US market

Ilkley-headquartered anti-money-laundering (AML) firm SmartSearch is launching operations in the USA.

Its expansion into the US market follows a period of sustained growth that has seen the firm named among the UK’s fastest-growing companies.

SmartSearch’s Know Your Customer (KYC) and AML platform enables clients to perform full electronic ID verification and screening in just two seconds, and provides ongoing monitoring to alert users to any change in a client’s status.

The full suite of AML checks can be performed remotely, with no need for face-to-face contact or physical documents to be exchanged.

The platform has also recently incorporated biometric facial recognition for additional security, and there are well-advanced plans for further enhancements.

SmartSearch says its expects its solution will prove popular with US clients.

Chief executive, John Dobson, said: “We have developed a bespoke product for the American market so that US firms using SmartSearch have the same absolute confidence as those in the UK, that their AML checks are up-to-date and fully compliant with relevant legislation at all times.

“Our combination of cutting-edge technology and friendly, efficient customer service means SmartSearch is already one of the UK’s leading RegTech firms.

“We want to bring those assets to bear in the US market, while continuing to deliver day in, day out for our UK clients.”

Close