As a business owner, it is important to Know your Customer in order to be able to support them with the appropriate products and services that you can supply. But in some industries, such as financial institutions, medical establishments and in educational settings, it is essential to check the identity of the people who work and use your business’s services. This can be for a number of different reasons, and software such as that offered by w2globaldata can be a solution to this need.
Anti-money laundering – Identity checks allow banks and other financial institutions to check that an individual is who they say they are and that they are living in the residence that they state. It is crucial to ensure that money laundering is not taking place when large sums of money are being placed into and taken out of accounts and when money is being loaned on properties. Checking IDs is the best way to safeguard against this.
Criminal record – when seeking people to work in educational establishments or medical sectors, it is vital that these individuals have clean criminal records. By asking for confirmation of their identity it is possible to have background checks and DBS certificates undertaken to ensure they are legally allowed to work in these given sectors.
Other instances where ID is needed would include when registering for benefits or support when finding yourself unemployed and when you seek to apply for a marriage licence or a birth certificate.