Effortless Onboarding & AML CDD
Learn how to interpret the electronic Identity Verification (eIDV) report from 2Shakes. 2Shakes uses a specialist AML identity product called Smart ID to do electronic identity checks. You can use electronic identity verification (eIDV) report in 2Shakes to make it easy to complete AML and CDD checks. If you also want to see identity images then consider Biometric Identity Verification.
The electronic Identity Verification (eIDV) Smart ID results will verify if all the following checks pass:
When electronic Identity Verification (eIDV) Smart ID does not verify you may need to take additional measures.
When Smart ID does not verify it means that some of the data provided did not match. You need to decide what additional steps to take to completed identity verification.
The decisions, actions and further evidence you take. You can use Notes & Files to store them in 2Shakes. When you are satisfied an Identity is verified use the IDV done button to manually complete ID verification.
If details from the driver license or passport have NOT matched, but other external databases DID match you will see a failed Smart ID result on the electronic Identity Verification (eIDV) report because the ID verification is considered weak. Because all the other Smart ID checks did match, technically the identity verification meets DIA identity code of practice for electronic Identity Verification. BUT Smart ID requires the photo Identity (the primary Identity document) to match to be confident of the verification.
Taking additional measures to supplement the electronic Identity Verification (eIDV) report will mitigate any deficiencies and provide more confidence. Your own practices AML programme should guide what you do. But some additional measures you might consider include:
Always record the research, activities, outcome and additional measures you have made to verify identity. You can store these using the Notes & Files button on the Management page. Consult DIA’s Code of Practice and the accompanying explanatory note for clarification around identity verification and other examples of additional measures.
This indicates the information that was entered hasn’t matched the information held on record.
This happens because:
Different laws apply when you are dealing with a PEP. You will need to refer the decision to work with the customer to Senior Management. Follow your AML/CFT programme for how to deal with a PEP before continuing.