It is often difficult to verify the authenticity of client identity documents for anti-money laundering purposes. This becomes even more difficult when the client concerned lives overseas.
Did you know that the European Union has created a website called the ‘Public Register of Authentic Identity and Travel Documents Online’ (PRADO)? The website allows one to check examples of identification documents specific to different countries around the world.
The site contains screenshots of documents such as passports and driving licences specific to different countries and gives you an idea of what you are looking at and whether it is a valid document for that country.
The link to PRADO is here.
Please go to our website to see our new ISQM TOOLKIT or if you prefer to chat through the different audit risks and potential appropriate responses presented by this new standard, please contact John McCarthy FCA by e-mail at email@example.com.
We typically tailor training and brainstorming sessions to suit your firm’s unique requirements.
Publications and AML webinars:
- The ISQM TOOLKIT 2022 is available to purchase here.
- See our latest Anti-Money Laundering Policies Controls & Procedures Manual (March 2022) – View the Table of Contents click here.
- Also we have an updated AML webinar (March 2022) available here, which accompanies the AML Manual. It explains the current legal AML reporting position for accountancy firms and includes a quiz. Upon completion, you receive a CPD Certificate of attendance in your inbox.
- To ensure your letters of engagement and similar templates are up to date visit our site here where immediate downloads are available in Word format. A bulk discount is available for orders of five or more items if bought together.