Streamlining PEPs and sanctions checks globally For accountancy firms, dealing with Politically Exposed Persons (PEPs) and sanctions checks could be familiar territory. However, the workings of these checks, particularly when they involve overseas citizens, can be particularly challenging. PEPs and sanctions checks A Politically Exposed Person (PEP) is someone who holds a prominent public position, either domestically or internationally. Due to their status and influence, PEPs are at a higher risk for potential involvement in bribery, corruption, and money laundering. Sanctions checks, on the other hand, involve screening individuals and entities against national and international sanctions lists to ensure [...]

  Experience Seamless Onboarding with inCase Express - The Legal Industry’s Most Efficient Onboarding Tool Yet inCase, the leading law firm application provider, is excited to announce the launch of their latest product, inCase Express. Tailored to offer unparalleled ease during client onboarding, this tool promises a flexible pay-per-use model, ensuring that legal practitioners only pay for what they use, with no monthly commitments. inCase Express presents a revolution in client onboarding, combining the power of technology and a user-friendly interface to deliver an expedited, smooth onboarding experience. "We've designed inCase Express to ensure that our customers can onboard their clients [...]

PRESS RELEASE Virtual Signature ID Validate Ltd Secures EIS Funding Round from Endeavour Ventures Limited July 2023   Virtual Signature ID Validate Limited (VirtualSignature-ID) is pleased to announce that it has received a substantial investment from Endeavour Ventures Limited. The team at VirtualSignature-ID has been working alongside clients and regulators in the professional services sectors since 2014 to create verifiable eSignature, identity authentication and document automation technology in an expanding growth market.   The VirtualSignature-ID cloud platform allows firms of all types and sizes to automate and enhance their document signing and client onboarding by using Advanced and Qualified eSignatures, dynamic [...]

  VirtualSignature-ID has partnered with some of the leading case and practice manage ment software providers in the UK to provide a dedicated API that assists professional service firms in enhancing the automation of their digital workflows. Our RESTful API has been built for firms who require any combination of document management, client eSignature authentication and customer photo ID document verification. API integration in practice management software primarily benefits firms with the improvement of their operations. APIs enable various software applications to communicate seamlessly, simplifying numerous routine tasks such as data entry, client onboarding, and document management. This operational benefit is [...]

  3 Proven Methods for Law Firm Innovation As legal IT specialists and a full-service iManage Partner, Tiger Eye support customers to work efficiently and boost productivity through technology solutions for every step of the document and email journey.   Introduction With building industry pressure to maintain quality client service and produce increasingly efficient results, it is now more important than ever that firms focus on continuous improvement to meet clients’ needs. However, whilst law firm innovation is an increasingly popular topic in the legal sector (including at key industry events), the process can seem unattainable to some. With big-name global [...]

VirtualSignature-ID, the cloud platform that provides everything organisations need for fraud prevention, onboarding and compliance in a single integrated platform has been shortlisted in two categories at the Cloud Excellence Awards 2023, organised by Computing. Featuring in the shortlist for both the Most Innovative Cloud Product or Service category and the Cloud Vendor of the Year category, VirtualSignature-ID is one of a handful of cloud platforms to be recognised by one of the industry’s most prestigious awards. VirtualSignature-ID helps organisations to protect themselves with Government-level security and fraud-prevention technologies. Its web and mobile applications allow end-users to quickly complete and sign [...]

E-witnessing: The rules The Electronic Communications Act 2000 made it legally possible to use electronic signatures to authenticate contracts and other documents and agreements. With this legislation, documents could now be signed off with maximum efficiency and at a much lower expense.   What is e-witnessing? As with some wet ink signatures, electronic signatures can require a witness. Electronic witnessing, or e-witnessing, is where a witness is present with the signer or signatories. They then witness the electronic signature and add their own electronic signature to attest that they have witnessed it. E-witnessing is beneficial in similar ways to electronic signatures [...]

Money laundering large amounts of illicit funds is a serious and threatening problem for the financial and professional services sectors. The NCA (National Crime Agency) estimates that the amount of money laundered annually in the UK could be anywhere between £36 and £90 billion, so organisations are encouraged to make sure they have AML (Anti-money laundering) practices in place. What is AML? AML is the set of rules and laws put in effect to stop and deter money laundering. AML regulations are controlled by UK law enforcement, and failure to comply with these regulations can lead to hefty fines. Additionally, the [...]

  Why does an Email address matter? “First impressions count” is an old, somewhat superficial saying which nevertheless portrays a simple yet powerful message. It is human nature to make snap decisions or form impressions of someone or something with minimal information but based on often subconscious factors –we instinctively “like or dislike” or we “trust or we don’t trust” and these initial knee-jerk observations go deep into our mindsets. For example, you would not deposit a family heirloom with a bank which didn’t have a safety deposit box and was known to simply put such items in a room open [...]