About

Verification Systems was set up by REG (UK) Ltd (‘REG’) in order to address the significant and repetitive efforts that customers/consumers undergo to meet Customer Due Diligence/Know Your Customer requirements by financial service providers and others who must comply with Anti Money Laundering and Anti-Terrorist legislation and regulations.

REG, through its website, provides solutions to lowering the burden and the cost of regulatory compliance for participants, initially in the UK insurance market. Importantly, REG has the added benefit of facilitating business dealings between Insurers/Lloyd’s Underwriters and their existing or new Broker relationships.

Currently, REG’s Managing Director and principal shareholder is Michael Phair, a banking veteran (World Bank, N M Rothschild, UBS) and private equity investor with over 40 years’ experience in the financial markets. He is supported by Brian Salmanpour, Chairman, Londongate Investment & Management Plc, a company which has launched successfully over 17 insurance companies in over 14 countries and David Forrest, CEO of Kay International Plc, a leading Managing General Agent and Lloyd’s Coverholder. Between them, Brian and David have over 80 years’ experience in the global insurance market.