Leading industry Anti Money Laundering firm wins royal approval

first_imgHome » News » Leading industry Anti Money Laundering firm wins royal approval previous nextProducts & ServicesLeading industry Anti Money Laundering firm wins royal approvalTech firm Smartsearch has been given a Queen’s Award for Enterprise for its innovative approach to product development.Nigel Lewis25th April 201801,162 Views Smartsearch, one of the key suppliers of Anti Money Laundering solutions to sales and lettings agents in the UK, has won the Queen’s Award for Enterprise for its innovation.The company’s online AML system was picked out by the Queen’s Award for Enterprise for developing a “world-leading” AML verification platform.The Yorkshire-based firm offers both sales and letting agents of all sizes the ability to verify and check the identities of vendors, buyers, landlords and tenants, demand for which has increased dramatically since the industry was required to comply with the AML regulations in June last year.This includes checking that clients are not on the government’s sanctions list or a ‘politically exposed person’, plus the system  removes the need for agents’ clients to provide identity verification.Level of riskAgents are required to have a process in place to identify the level of risk posed by an individual to their business based on the AML regulations, and every client must be assessed individually and appropriate checks carried out.In January it was revealed by the National Association of Estate Agents that several companies had been hit with fines totalling six and even seven figures since the regulations went live in June, while a recent report estimated that a fifth of all agents had been fined so far.This has created a huge market for AML solutions within the property industry and other sectors, and consequently Smartsearch is one of the fastest-growing companies in the UK by turnover.It has increased its team from seven to 90 people and relocated from Leeds to new-build offices in Ilkley.“SmartSearch has grown so fast over the past two years; this award really recognises that commercial achievement, and is testimony to the hard work and dedication of our staff,” says its Managing Director Martin Cheek (pictured).martin cheek AML AML compliance AML regulationsHMRC anti money laundering Smartsearch April 25, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Continue Reading

COVID-19 task force inaugurates Lamongan infectious diseases center

first_imgCOVID-19 task force chief Doni Monardo led an opening ceremony by video conference on Thursday for Infectious and Emerging Diseases Isolation and Quarantine Facility in Lamongan regency, East Java.Speaking during the virtual event, Doni expressed appreciation for the Public Works and Housing Ministry for its success in constructing the facility in just five weeks.”I hope the Lamongan administration will manage the facility to the best of its ability,” he said.Doni also thanked local health workers for their contributions in mitigating the COVID-19 outbreak in the region.”We are sure that the professionalism of the health workers has helped Lamongan’s residents to get the best health service,” he said.Read also: As COVID-19 transmission rate soars, Surabaya urged to restore restrictionsAt the same occasion, public works deputy minister John Wempi Wetipo said that the new facility would help the regency’s health service provide faster treatment for COVID-19 patients.”We hope that developing the isolation and observation facility will greatly benefit [efforts to curb] the spread of COVID-19 in Lamongan regency,” said John.The new infectious diseases facility, which covers 6,180 square meters, is to admit and treat COVID-19 patients from Lamongan regency as well as other regions in East Java, the new epicenter of the Indonesian outbreak.Read also: ‘COVID-19 is real’: Virus ravages family in Indonesia’s second-largest cityThe regent of Lamongan had specifically requested the development of the new facility, as the regency did not have a designated COVID-19 hospital despite its being the second-hardest hit region in East Java.The newly inaugurated facility is located close to Dr. Soegiri Regional General Hospital. It is equipped with a screening ward, a quarantine ward that can accommodate 75 patients and an isolation ward accommodate 7 patients.Topics :last_img read more

Continue Reading

Helmet on! Ministry issues bicycle safety rules

first_imgLights and reflectors are only required when riding in the dark or other conditions of limited visibility, such as foggy weather, heavy rain or passing through a tunnel.Read also: Road safety issue hinders goal of bike-friendly cityThe regulation also allows bicyclists to wear additional safety gear, such as a protective helmet, and requires them to obey road signs in regard to the safety of themselves as well as other road users.The ministry allows regional administrations to issue their own regulations to determine the types of bicycles allowed in their respective regions. The Transportation Ministry has issued safety rules for cyclists as more people have been turning to the environmentally friendly mode of transportation amid the COVID-19 pandemic.Ministerial Regulation No. 59/2020 – signed on Aug. 25 – stipulates safety requirements to be met by cyclists, such as using a bicycle certified under the Indonesian National Standard (SNI).Bicycles should be equipped with — among other things – fenders, bells, brakes, lights and reflectors. Bicycles commonly used for sport, such as racing bikes and mountain bikes, however, are exempted from the fender requirement. Transportation Ministry Land Transportation Director General Budi Setiyadi said he hoped the regulation would help promote bicycles as a mode of transportation.“We also hope that all office and school building operators provide bicycle parking facilities that are easy to access and safe. The facilities should also not disturb pedestrians,” said Budi.Amid the COVID-19 pandemic, cycling has become a popular option for commuting to work and for exercise. The Indonesian Bicycle Companies Association (Apsindo) reported that demand for the two-wheel vehicle has been increasing, with bicycle imports rising by 24.8 percent year-on-year to a total value of US$39 million in the first half of 2020.The trend, however, has raised concerns over safety following reports about unruly cyclists. A group of cyclists reportedly rode down the Jagorawi toll road on Sept. 13, although two-wheel vehicles are not allowed to enter the highway.Topics :last_img read more

Continue Reading