Verification Systems provides a handy, convenient, cost effective way to manage your personal records and to make them available selectively for Customer Due Diligence. The basic subscriber package costs £12.00/annum.
Authorise Verification Systems to confirm the validity of your utility bill with your provider by sending a pre-prepared letter instructing them to copy automatically your utility bill to VS on a monthly basis. With your authorisation, VS will be able to keep your records up-to-date automatically.
Archive your information with Verification Systems to be held in a fully secured account which only you can see or alter. Subscribers can choose to maintain all their personal records with Verification Systems.
Only you can update your personal information such as the certified copy of the passport. Verification Systmes will update your utility bill automatically on a monthly basis. No one else can alter your information.
Third Party Access when your e.g. bank, building society, solicitors, accountants, pension manager, mutual fund manager, life insurer, estate agent, etc. request information for identification and AML purposes (Customer Due Diligence) you can authorise them to access and download the required information. Access to your information can only be made by those to whom you provide an express, time-restricted authorisation code.
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.