OMS links up with Sanctions Search | Mortgage Strategy

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Users of One Mortgage System (OMS) will now be able to use Sanctions Search to run money laundering checks against client information.

The deal with Sanction Search also includes access to ValidID, which verifies client identities and performs various background checks, such as searches for bankruptcies or insolvencies and passports and driving licences.

OMS managing director Neal Jannels says: “Information remains king for advisers and being able to collate accurate client information via a simple and secure online tool can help ensure that client’s needs are managed in a faster, more effective manner.

“Our integration with Sanctions Search will help our users to evidence all the relevant checks to ensure responsible client management processes are firmly in place and we look forward to a long and mutually beneficial partnership.”

Earlier this month, the government sped up the process of pushing through a new Economic Crime Bill which, among other aims, is designed to stop foreign owners from laundering ‘dirty money’ through UK property.


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