LEV - Commercial Name Validation Service
Today's risk environment is constantly evolving. Ensuring you have identified the correct legal name of a company is the first step in meeting your KYC (Know Your Customer) requirements.
Securefact's Legal Entity Validator® (LEV) is a proprietary service that provides instant public records verification of the name and status of any entity such as a corporation, partnership, government body or association, regardless of jurisdiction. Extensive proprietary technology development means we are the only company to offer this product.
Up-to-date live data from each of the 14 Canadian corporate registries:
- Exact spelling of registered name
- Entity type and current legal status
- Date and jurisdiction of formation
- "Similar" matches – you set the rules to best suit your business
- Automatic delivery of additional search requirements with the LEV® report; such as Corporation Profile or any public record search
- Home or Extra Provincial jurisdiction status
- Ongoing monitoring of name and status changes
- Flexible search retention policy, central repository of all your search data
- Normalized reporting, regardless of jurisdiction
- Directly feed verified KYC data into your security agreement and registration services
Integrating our LEV® service within your existing on-boarding workflow can dramatically reduce your processing time and effort and increase accuracy, risk mitigation and regulatory compliance.
- Supports compliance with OSFI and other regulators' KYC requirements & Anti-Money Laundering/Anti-Terrorism Legislation
- Reduce your risk assessment by not relying on client-provided information
- Improved customer experience
- Secure service delivery, the way you want it: web browser, mobile or full integration via web services for enterprise clients
- Opportunity to eliminate document review and storage, resulting in cost reductions
- Consistent normalized enterprise view, reduced training requirements, reduced communication errors
- Bilingual subject matter experts available Monday to Saturday