The framework aims to increase trust
Credas Technologies, an anti-money laundering platform for property professionals, has been certified against the UK Government’s Digital Identity and Attributes Trust Framework (DIATF).
The aim of the DIATF is to increase trust among identity service providers (IDSPs), provide assurance to their customers, improve efficiency and user experience, and increase the adoption of technology involved in the AML process.
Minimum published standards must now be met by IDSPs looking to be certified against the framework and the government is now strongly recommending that agents, landlords, and employers use a certified IDSP.
Read now: More than a quarter of property professionals think they aren’t AML compliant.
“With an ever-increasing number of AML providers, the DIATF initiative allows property professionals such as estate agents and conveyancers to now easily identify the ID verification providers that meet the government’s new standard and have been awarded certification status, and those who have not,” Tim Barnett, chief executive at Credas Technologies, said.
“This UK government kitemark can now give the market confidence that a provider operates to the highest standards, quality, and reliability, and enhances correct organisational compliance which could protect against fines that can otherwise be thousands of pounds per sanction.”
The certification process involved extensive assessment of Credas’ technology, IT security, processes, policies, and governance and paves the way for a new generation of transferable digital identities.
