Verifi

Verifi is New Zealand’s most innovative supplier of electronic identity verification services, and the makers of Cloudcheck.

Cloudcheck makes verifying the identity of your customers easy. Cloudcheck can assist a financial services company in meeting the ‘safe harbour’ provisions of the Amended Identity Verification Code of Practice 2013 forming part of New Zealand’s Anti Money Laundering (AML) legislation; and can be used to verify the identity of customers in other industries for non-AML purposes.

Cloudcheck

Cloudcheck is an electronic identification verification tool that allows you to verify the identity of your customer and run a PEP check in one easy step.

About AML

The push for electronic verification

With the enactment of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 the New Zealand government made it clear that they were serious about meeting the obligations developed by the Financial Actions Task Force. FATF is an inter-governmental body whose purpose is the global development and promotion of national and international policies to combat money laundering and terrorist financing.

The result is that businesses now have much greater obligations to verify the identity of their customers. The New Zealand government has recognized the potential for the new regime to impact an organisation’s ability to do business efficiently and, as a result, has made some genuine concessions that go towards helping organisations manage their compliance costs. In fact electronic verification (EV) has the ability to not only reduce inefficiencies in current identity verification processes, but also to improve the customer experience.

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