A self-built system and a separate screening tool, replaced with one flow that covers onboarding, KYC, and PEP and sanctions checks - across every market K.A. Rasmussen operates in.
K.A. Rasmussen, a Norwegian precious metals manufacturer and buyer, has used Verified for signing workflows for several years, starting with HR agreements and other documents needing secure signatures and identification.
About a year ago, that expanded into anti-money laundering work.
"We were heavily involved in driving the project, adapting KYC forms and other processes in the system to fit how we actually work"
- Anita Jørandrud Sveen, HR Manager at K.A. Rasmussen
Before switching to Verified, K.A. Rasmussen ran AML on a self-built system. Updates took time and competed with other development priorities.
"Now we can make most improvements ourselves, directly in the interface. That saves time for whoever's configuring the portal, and it means changes reach the people using it day to day much faster"
- Mette Pedersen, Quality Manager at K.A. Rasmussen.
Before, PEP and sanctions checks ran through a separate service, with the results transferred over manually. Anita Jørandrud Sveen explains;
"Now we can start onboarding, generate KYC forms for signing, identify key individuals, and run PEP and sanctions checks - all in one flow. We can also set the frequency of those checks based on each customer's risk level,"
Mette Pedersen adds;
"We've saved significant time across all our markets. Having everything done and documented in one system gives us a clear, reliable view of the risk across our whole customer portfolio,"
adds Mette Pedersen.
