Here’s What QGEN is Able to Offer You

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Effective risk management, fraud prevention and Anti-Money laundering (AML) efforts are only ever as good as the KYC service providers that you hire. When it comes to ensuring that your KYC (Know your customer) procedures are being implemented effectively, you want someone with experience and a solid track record within the spheres of risk management and security sectors.

Some Background on QGEN

QGEN features a team of specialists with years of experience within a wide range of security-related fields which include:

  • Client due diligence (CDD) checks
  • Identity verification
  • Anti-Money Laundering (AML)
  • Countering the Financing of Terrorism (CFT)
  • Fraud prevention
  • Onboarding
  • Know your customer (KYC) procedures
  • Know your business (KYB) procedures

QGEN is an industry leader in the field of identity verification and have assisted a wide range of international clients to effectively manage their customer due diligence (CDD and EDD) checks, risk assessment and management and other related needs. Their checks for both natural and legal persons cover a variety of sectors including:

  • E-Commerce platforms
  • Prepaid card providers
  • Insurance companies
  • Traders in high value goods or services
  • Real estate brokers
  • E-money issuers
  • Tax and financial advisors
  • Accounting firms
  • Auditing firms
  • Issuing and acquiring banks

Aside from these key sectors, QGEN also provides an array of services to a variety of other entities including digital entrepreneurs exploring various markets and services on the web. QGEN’s sophisticated and flexible software systems, SOPs and multi-skilled workforce can easily adapt to changing demands and environments relating to customer due diligence, effective and safe onboarding, risk assessment and risk management.

QGEN’s Core Services – List of Checks and Verifications

QGEN is able to ensure client peace of mind by guaranteeing a “friction-free customer journey” (according to their own site) via a complete list of checks and verifications. These services apply to a wide array of operators in sectors ranging from banking to online retailers and online gaming companies. Essentially any platform that includes financial transactions of any kind in their list of services or features and where effective fraud prevention, identity verification and authentication is critical.

Identity Checks

QGEN uses a number of verified databases to cross-check the details of any applicant. The process is quick and efficient and, before the natural or legal person opens an account (signs up), QGEN quickly validates the authenticity or truthfulness of the identity provided by the potential client. QGEN then returns a green go ahead or alternatively, a red flag, if undesirable elements are present, to the operator.

Document Checks

Identity theft and fraud has become a worldwide issue in recent years, with sophisticated criminal operations able to easily forge fake documents or replicate stolen ones. Therefore, it is vital for any business to be able to ensure that the identity documents submitted by prospective clients, can be reliably authenticated and verified. QGEN carries out digital inspections of identity documents such as passports and supporting documents. The process is fast but varies slightly based on the nature of the document as well as its country of origin.

Verification of CV

Resumes and CV’s are among the most inaccurate and fraudulent documents submitted to a prospective employer. Being able to employ the right candidate for key positions with absolute confidence is of vital importance. QGEN is able to ensure the veracity of candidate CV’s by fact checking records of education as well as the candidate’s previous employment history. Discrepancies are automatically flagged and instantly communicated back to the employer or the recruitment agency.

Eligibility for Work

Finding employment within the global market is on the rise and prospective employers need to be able to confidently ensure that potential applicants are clear to work within a specific jurisdiction. QGEN verifies visas as well as identity documents to ensure that they are in compliance with relevant territorial laws.

Global Sanction Check

Tapping into the most up to date global watch lists which include Anti-Money Laundering (AML) lists as well as Anti-Terrorism is key to avoiding unknowingly taking listed clients onboard.

Adverse Media Check

QGEN runs checks to ensure that potential clients have not received any negative mentions in relevant media regarding fraud, non-compliance in their duties or other forms of wrong doing.

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