FAQ

Oysterchecks trade as The Morgans Consortium Consulting Limited (TMC) a private registered company with a registration number 09045481 We specialize in providing comprehensive automated Background Screening, KYC , Transaction Monitoring & AML solutions across the globe.

UK Address: International House 24 Holborn Viaduct London EC1A 2BN United Kingdom, Nigeria Address: 2nd Floor, 1 Adeola Adeoye Street, Off Toyin Street, Ikeja, Lagos Nigeria

Oysterchecks takes pride in providing background screening, KYC and AML checks services to a variety of clients in different industries. We have a great team of IT experts who ensure that our services meet the needs of our diverse clients. Our services are fully tested and automated for businesses in the following sectors:

• HR and Recruitment
• Public sector
• Finance
• Construction
• Hospitality
• Retail
• Fintech
• Asset and wealth management.
• Bank.

Which verification services does Oysterchecks provide? We provide the following SaaS and PaaS compliance products:

• Know Your Customer (KYC) Our KYC solution helps you perform full KYC verification globally to satisfy compliance. These include ID, address, biometric, and phone number verification. Additionally, you can AML screen and criminal/ fraud check customers for PEP and sanction listing.
• Know Your Business (KYB) The Oysterchecks KYB solution helps you verify the legal existence and registry of a business including its address, incorporation documents, the identity of directors and ultimate beneficial owners.

Oysterchecks’s KYC process primarily includes document scan, selfie-based liveness check, facial compare, biometrics verification and automated sanction/ watchlist screening. However, you can tailor the process to exclude some or include more depending on the needs of your business.

Oysterchecks accepts government or state-backed documents from different countries globally. Our AI is able to automatically scan and extract vital information from those documents for verification. On a general note, these include Passports, ID cards, Driving licenses and other jurisdiction-specific documents.

We offer KYC verification in the form of identity verification and address verification. We also offer Business verification services to meet your KYB requirements.

We perform KYC by utilizing our authoritative government data sources to verify identity documents and also carry out physical address verification.

We accept all recognized ID like International Passport, Driver’s license, and other relevant government-accepted IDs.

The identity verification report returns a dataset of personally identifiable information as a response when an ID verification call is made

Address verification is performed physically by our agent network across all states in supported locations.

All verifications are real-time, except address verification which has a turnaround time of 24-72 hours depending on location..

Our verification process is designed to be flexible and adapt to customer needs. You can design your verification process to suit your specific industry and business needs. However, our KYC procedure involves ID verification, Address verification, biometric verification, facial matching, and compare

We perform our verification services on behalf of our clients for a variety of different reasons. Those reasons are identified by our clients, and we rely on them to tell us when they no longer need us to store the information we’ve collected on their behalf. Once instructed, either through our agreement with the client or through an ad hoc request, we delete the information we have collected about users when performing the requested verification services

Presently, we use data centres in European Union (“EU”) where data privacy is governed by the General Data Protection Regulation (“GDPR”), visit https://gdpr.eu/faq/ for more information on the EU regulation. In scenarios where we have to process and store highly sensitive government data, we only store the data on the premises of the government agency or an approved local data centre. Read more about how securely we store and manage user data on our privacy policy page.

Address verification is performed physically by our agent network across all states in supported locations.