Signi identification according to AML

Owned by Zuzana Vankeova (Unlicensed)
Last updated: Dec 22, 2021
4 min read

Do you need to meet European standards for AML verification? Thanks to Signi, it will go faster than ever.

The identification of the client consists of verifying and recording the basic identification data of the client and in determining whether it is, for example, a politically exposed person or a person against whom your country applies international sanctions.

Main benefits

  • Faster verification

Accelerate customer identity verification. Identification directly from the remote and digital environment of the application.

  • Minimum extra work

Our entire solution is automatically integrated into Signi. You don't need anything extra.

  • 100% secure personal data

User privacy and compliance with legislation are our top priorities.

 

How identification works - step by step

1. FOR THE PROPOSER

a) After uploading the document and specifying the counterparty, select Signi identification from the "Verification and other" menu:

 

When you select Signi identification for a contact, you can edit the note (by clicking on the pencil icon next to the note). This note will appear in the verification micropayment as a message to the recipient. It is limited to 60 characters and excludes the use of diacritics. The message should include the purpose of the authentication and the name of the authenticated person and, in the case of B2B, the identification of the authenticated legal entity.

b) Proceed to the content of the document, where you will enter the signature fields and submit. At this point, a notification will be sent to those signers for whom identification is required.

2. FOR THE VERIFYING COUNTERPARTY

When you receive the notification email, click on the To identification link:

Identification process

a) Once redirected, proceed to To identity verification.

 

b) Confirm that you agree to the declaration by ticking the box I am not a politically exposed person.

 

c) Next comes the live photo verification - follow the red dot with your eyes. In case your device does not have a camera, you can also complete the identification on your phone.

 

d) Then you need to upload two verification documents (ID, passport or driving licence) and agree to store and send them.

 

e) The last step is to pay an identification fee of 10 CZK from your account to verify that the name on the documents matches the name of the account holder. It is necessary that the fee is paid from a personal account (not a company account). We do not accept payments by Revolut card etc. The fee will be refunded within one week.

 

You can choose from three payment options:

f) After successfully making the payment, proceed to the overview of all three identification points where you can review and make final adjustments. Then click on Complete identification.

 

g) Once the identification is complete, an automated email will be sent to the Proposer who will review and approve or reject it.

 

3. FOR THE PROPOSER AFTER IDENTIFICATION

a) When the notification email arrives, continue by clicking View identification result. Alternatively, you can find the document in the application and select Verification on the left under the document title.

 

b) Once all identification data is displayed, you have the option to approve or reject the identification.

 

  • If you reject, please provide a reason, which will then be sent with a notification to the email of the verifying counterparty, who will also be asked to correct / complete the information you requested.

  • If you approve, you will be asked to sign and then send the document to the already successfully verified counterparty for signing.