Anti-Money Laundering

Straightforward customer due diligence. Our range of AML checks help you quickly meet your regulatory obligation to know your customer.

Anti-Money Laundering

Customer Due Diligence

We partner our technology with services from leading companies to provide AML checks via our online portal. We go beyond a one size fits all approach and provide of range checks for individuals and companies. Alternatively, configure custom AML checks to align with your Risk Based Approach.

Support for your AML Projects

Updates to regulations, acquisition of a new client book or audit failings can all trigger the need for remediation projects. Our experience and knowledge can help take the strain off your internal resources. We can assist in the planning and execution of activities required to get your AML back on track.

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AMLLite

For some, a simplified check is all that’s needed. Our AML Lite solution gives you the ability to carry out screening to ensure your customer is not a Politically Exposed Person (PEP), or on a government sanctions list. We share all details of any potential matches, helping you to quickly review and record your decisions.

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AMLGuard

Our standard AML check, adding ID verification to the AML Lite solution. Electronically verify the identity against a continually expanding range of data provided by Experian. Where required, enhance this further and verify the individual's personal bank details. For companies receive key details along with a list of directors, secretaries, shareholders, parent companies and subsidiaries.

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AMLPlus

Take your standard AML checks a step further. For cases where your customer or product is of higher risk to your business and additional due diligence is needed. Comprising all elements of our AML Guard service, plus the individual or company will be screened against an additional watchlist provider. Results are packaged together with no need to re-key data.

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AMLEnhanced

For the times when you need to take customer due diligence further still. Once our system has undertaken the verification step and watchlist checks against multiple databases, the request is routed to one of our analysts. Using a pre-agreed process, the analyst carries out structured open-source research to identify adverse information not necessarily present in the watchlist databases.

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Anti Money Laundering FAQ

Who needs to comply with Anti Money Laundering (AML) regulations?

Within the UK, The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 state that the following businesses must adhere to AML regulations:

  • Credit institutions
  • Financial institutions
  • Auditors, insolvency practitioners, external accountants and tax advisers
  • Independent legal professionals
  • Trust or company service providers
  • Estate agents
  • High value dealers
  • Casinos
What level of due diligence should be applied to a customer?

Anti money laundering regulations identify that all businesses are different and within a business the risk for money laundering can vary from customer to customer.

All businesses should undertake a risk assessment to understand the different types of customers they have and the risks they may bring. This allows the appropriate level of due diligence to be applied.

Take a look at our Best Practices section for more details.

What is an Anti Money Laundering (AML) check?

Customer due diligence can take time to complete. An anti money laundering check is designed to help simplify and speed up this process.

Anti money laundering checks should provide a flexible solution that can align to your risk based approach. They will provide the ability to know more about your customer, such as verifying their identity and searching sanction, politically exposed person (PEP) and adverse media databases.

Our AML service provides access to industry leading data sources for:

  • Sanctions, PEPs and adverse media.
  • Electronic ID verification.
  • Physical ID verification.
  • Company verification.
  • Open source research.