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TMA launches SmartSearch anti-money laundering checks

  • 05/03/2018
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TMA launches SmartSearch anti-money laundering checks
TMA Club has enhanced its anti-money laundering (AML) process so that advisers can complete the check in a matter of seconds. 


The club has launched SmartSearch for running electronic identification checks (EID) so that brokers can complete the AML check at the very start of the sales process.

The verification platform helps to prevent fraud by conducting both individual and business searches for the UK and international markets.

SmartSearch also covers automatic worldwide sanctions and politically exposed person (PEP) screening, as well as providing ongoing monitoring, a deceased check and potential fraud alerts.

Using the service, advisers are given a clear pass or refer result.

Rob McCoy, senior product and business manager, TMA, said: “At TMA we pride ourselves on being more than just a mortgage club. Providing our DAs with a first-class proposition and unrivalled compliance support is how we continue to support the directly authorised mortgage market.

“This introduction of SmartSearch means we are able to provide extensive, worldwide anti-money laundering checks in a matter of seconds, so our brokers can focus on their clients and growing their business.”

SmartSearch partners with data suppliers, including Dow Jones, Experian, and Equifax and the searches leave only a soft footprint on a client’s credit record, so has no material impact on their ability to secure credit.

Steven Taylor, head of new business at SmartSearch UK, added: “We are delighted to be working with TMA Club – it already has an extremely comprehensive and compelling proposition and the addition of the SmartSearch platform will only enhance this.”

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