Digital Identity Verification for Law Firms - AML, Safe Harbour & Client Onboarding

Introduction

Digital identity verification can make client onboarding faster and more secure, but law firms must understand what the technology checks, its limitations and when further enquiries remain necessary.

This new virtual classroom seminar will examine biometric, NFC-chip and cryptographic verification in the context of law-firm onboarding. It will clarify the relationship between digital identity, AML obligations and the HM Land Registry Safe Harbour standard.

This session will also consider failed or inconclusive checks, digital exclusion and the controls firms need when using third-party identity providers.

It is suitable for COLPs, MLROs, partners, practice managers, conveyancers, compliance teams and those responsible for client inception.

What You Will Learn

This live and interactive session will cover the following:

• How digital identity-verification technology works
• Biometric, liveness, NFC-chip and cryptographic checks
• Selecting and assessing identity-verification providers
• The scope and limitations of HM Land Registry Safe Harbour
• The distinction between Safe Harbour and AML compliance
• Combining digital verification with manual and enhanced checks
• Managing discrepancies, failed checks and identity-fraud indicators
• Supporting vulnerable and digitally excluded clients
• Data protection, security and third-party supplier risk
• Policies, audit trails, staff training and escalation

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.