FAQs
Answering your questions on Anti Money Laundering, our services and more.
Anti Money Laundering
Where can I get general Anti Money Laundering (AML) Guidance?
What are AML/KYC regulations in the UK?
What is a risk assessment and how does it help with AML compliance?
What is the difference between AML, KYC and CDD?
What does a risk based approach mean?
Does KYC differ between individuals and companies?
What is simplified due diligence?
What is standard due diligence?
What is enhanced due diligence?
What is the difference between physical and electronic ID Checks?
What is 2+2 for electronic identity verification?
Watchlist Screening
What is Watchlist Screening used for?
Do I need to check my customers for sanctions?
When should I check my customers for sanctions?
What information do I need to perform a Watchlist screening?
Why is Politically Exposed Person (PEP) Screening important?
