Anti-money laundering check packages
Creditserve’s instant online UK AML checks (anti-money laundering checks) allow you to confidently verify a customer’s identity, comply with anti-money laundering regulations and make the process of screening individuals instant, easy and accurate.
Make compliance easier for your business with our seamless verification experience. Our AML checks can confirm your subject’s identity and address by checking their passport and driving license and aid your compliance decision by verifying bank accounts and checking for adverse media, PEPs and global sanctions.
Our fully-compliant UK AML checks include the following:
- Instant verification of your subject’s identity
- Instant checks on paper documents
- Screening against domestic and international data sets
- Politically exposed persons (PEPs)
- County court judgment search
- NCOA fraud search
Please note that all anti-money laundering checks must be used within 12 months of purchase unless otherwise agreed and the subject of the enquiry must be made aware that an AML search will be carried out on them.
Comply with regulations
Dealing with financial transactions? Stay on the right side of the law and avoid legal and financial penalties with our UK AML checks. We’ll help you abide by and stay updated on all the ever-changing AML regulations.
Protect your business from financial crime
Prevent financial crime hitting your business such as money laundering, terrorist financing and fraud. AML checks can stop fraud and financial crime before it happens by verifying the identity of customers and detecting suspicious transactions so that you can protect your business and your customers from financial losses.
Enhance your reputation
Demonstrate your commitment to being an ethical and responsible business and implement effective AML checks. Give your customers, partners and regulators the confidence that they can put their trust in you because you’ve gone to the right lengths to ensure their safety.
Improve your risk management
By investing in anti-money laundering checks, you can identify and mitigate any financial risks associated with your operations, improving your overall risk management framework and reducing the likelihood of financial loss.
How we can help
Let us assist you in complying with your due diligence requirements with our anti-money laundering checks. We work with clients in a range of industries, from solicitors to employment agencies and property developers and estate agents, to name but a few.
You can buy our easy-to-interpret UK AML checks in a range of packages depending on your needs - whether you need 25 or 250. After something more bespoke? We can also provide a quote for your very own custom AML check package.
We protect you from risk
Although AML checking is a legal requirement under the Government’s Money Laundering Regulations, it can also serve as a protection to the business carrying out the check. A customer using our AML search service ran a check on the passport and driving licence of a potential customer and discovered discrepancies between the passport offered and the online check, it transpired that the passport was fake.
Our customer declined to deal with the individual. Weeks later they learned that the same individual had carried out a number of large transactions with local businesses (although not above the threshold for compulsory AML checks) using stolen credit cards. Those businesses had their transactions reversed by credit card companies and suffered losses.
"Corney and Barrow have been customers of Creditserve for many years. We find their portal very user friendly, and if we have any problems, the guys are easy to contact and provide a personal service. Their AML search function is straightforward to use, with the results easy to interpret. You can drill down into the areas that may cause concern, and take an informed decision very quickly."Andrew Simpson Credit Manager, Corney and Barrow
An AML check, or an anti-money laundering check, is a process a business undertakes to prevent criminals from using the financial system to launder money or finance illegal activities. An AML check involves verifying customer information such as their name, address and date of birth, alongside conducting risk assessments to identify any potentially suspicious transactions.
AML checks are important because they safeguard and protect your business from becoming directly or indirectly caught up in criminal activity, which can ultimately cost your business a lot of money, the loss of customers and partners and potentially your reputation.
There are many red flags to look out for on an AML check, including any anomalies in a customer’s transaction history and any large transfers or a lot of small transfers. Our verification system can make spotting these red flags easier.
Any business that deals with financial transactions is required to perform AML checks. If there is any potential for an employee or a customer to pass finances or assets off as legitimate transactions, you must perform AML checks.
AML regulations apply to all businesses in the financial services sector, whether you’re a B2B business or B2C. At Creditserve, we work with accountants, solicitors, estate agents, employment agencies, company formation agents, facilities management companies and many more.
At Creditserve, our AML checks are instant with little to no waiting around to get your results.
If you don’t perform AML checks, your business may be considered not compliant with AML regulations. This means that you could be committing both civil and criminal offences and face fines, sanctions, being removed from business or even a criminal charge.
To carry out an AML check, we require your subject’s name, address, date of birth and a photograph on an official document that confirms their identity, such as a driving license or passport.
You must make the subject aware that you are carrying out an AML check on them. They will need to supply their driving licence/passport/utility bill so this should put them on notice that an AML will be carried out.
Our prices start at £125+VAT for a 25-pack of AML checks. Visit our online shop to view all of our packages.
The difference between AML and KYC is as follows - KYC stands for Know Your Customer and is about understanding exactly who your customer is. Whilst it forms a vital part of the AML procedures and legislation, KYC is not a full AML policy independently.