2shakesnz

2Shakes is a cloud-based platform developed by 2Shakes LTD to provide Anti-Money Laundering (AML) compliance solutions for small to medium-sized businesses in various industries. According to the vendor, this software aims to streamline AML processes and ensure regulatory compliance for real estate agents, lawyers, financial services, accountants, bookkeepers, and tax agents.

Key Features

AML for Real Estate Agents: According to the vendor, 2Shakes offers automation of ownership structure and identification of Beneficial Owners using the NZBN. The software allows recording of Customer Due Diligence (CDD) information such as Nature and Purpose and Trust Information. Additionally, it provides options for electronic ID Verification with integrated Biometric, Electronic, and Manual IDV options.

Biometric ID Verification: The vendor claims that 2Shakes includes enhanced security features such as liveness and document checks, biometric facial matching for accurate identification, and verification of Driver License and Passport. The software also offers address verification for added validation and conducts PEP (Politically Exposed Person) and Sanctions checks.

AML CDD & Onboarding for Lawyers: According to the vendor, 2Shakes enables remote AML CDD on clients for lawyers. The software automates ownership structure and identification of Beneficial Owners using the NZBN. It allows recording of CDD information such as Nature and Purpose and Trust Information. Clients' IDs can be verified electronically or biometrically, and engagement agreements can be electronically signed.

AML & Onboarding for Financial Services: The vendor states that 2Shakes facilitates simultaneous AML CDD and electronic consent and signing of services and authorities for financial services. The software automates client details using the NZBN and streamlines email content and workflow for a seamless client experience. It also supports handling multiple entities and multiple signatures on engagements.

AML for High-Value Dealers: According to the vendor, 2Shakes assists high-value dealers in automating ownership structure and identifying Beneficial Owners using the NZBN. The software allows recording of CDD information such as Nature and Purpose and Trust Information. It offers electronic ID Verification options with integrated Biometric, Electronic, and Manual IDV options. Additionally, it securely stores records in Microsoft Azure cloud with easy access to audit and statistics reports.

Data Protection & Privacy: The vendor claims that 2Shakes adopts a Privacy by Design approach to protect data and privacy. The software ensures compliance with NZ Privacy Act requirements and securely stores client information in Microsoft Azure cloud. The vendor recommends the use of robust firewalls and anti-virus software for added security. Optional 2 Factor Authentication is available for enhanced security.