Anti-Money Laundering

Is your business compliant with the latest AML Directive?

Discover how Creditsafe's AML checks can improve your efficiency, increase revenue and ensure regulatory compliance.

Request a free AML check

PEPs & Sanctions Checks

Tracing & Investigation

ID & KYC Checks

Know Your Business (KYB)

Remove the headache with Creditsafe's AML compliant checks

The implementation of the new European Union's Fifth Money Laundering Directive (EU5MLD) will come into force in January 2020 and affects a number of businesses across industries including:

  • Real Estate
  • Banking & Finance
  • Credit Institutions
  • Legal Professionals
  • Auditors, Accountancy & Tax Advisors
  • Gambling Services

With a focus on regulating virtual currencies and pre-paid cards to prevent terrorist financing, electronic AML checks are becoming more favourable to businesses in managing compliance.

Anti Money Laundering

Why use Creditsafe for online Anti-Money Laundering checks?

With your business' compliance and efficiency at the heart of what we do, Creditsafe's Anti-Money Laundering solutions offer enhanced checks that deliver an answer in seconds.

  1. Paperless audit trail

    Reduce costs associated with physical storage, whilst ensuring you are exhibiting good governance with a paperless audit trail stored in a secure environment.

  2. Comprehensive screening

    We screen against global PEPs and Sanction databases as standard, helping you to always stay compliant whilst reducing your own company’s exposure to risk.

  3. Bank data verification

    You can also enrich and enhance your KYC checks by verifying customer bank data via UK bank records, with access to more bank information than any other UK provider.

More than 100,000 businesses already use Creditsafe

Discover how we can improve your efficiency and ensure regulatory compliance.

  1. Verify a client’s ID instantly

    Make sure your client is who they say they are and meet your due diligence obligations by checking they are not engaged in any suspicious activity. Our AML checks screen against global PEPs and Sanction databases to give you the highest protection against terrorism funding, fraud and other unlawful financial activity.

  2. Screen against 300+ sources

    Instantly cross-reference over 300 data sources to manage and mitigate anti-money laundering risk, for an enhanced due diligence process. Our data includes: Credit Data, International PEPs and Sanctions Lists, Passport and European ID Cards, Electoral Roll, plus household and utility bills.

  3. Increase revenue & efficiency

    Maximise new business potential through the increased speed and efficiency of your sales and on-boarding process. Our checks will give you an answer in seconds, reducing drop-off rates and keeping new clients happy. Access can also be granted to numerous departments within the business to improve efficiency throughout the entire lifetime of a customer.

  4. Ensure regulatory compliance

    Our Anti-Money Laundering checks meet the standards outlined by the Joint Money Laundering Steering Group (JMLSG) guidance, ensuring peace of mind that your due diligence is fully AML compliant. We will also store a paperless audit trail for 5 years in a highly secure environment to evidence your compliance, whilst protecting your clients' personal data in line with new Data Protection Regulations.

Require a system that can streamline 1000s of client checks?

Get the answers you need to make those vital business decisions quickly and accurately.

Bulk AML

Bulk AML Checks

Manage 1000s of customers or bring your historic customer files up to date and in line with new legislation with Batch AML checks.  Provide up to 200,000 customers in a single file.

AML API

AML API

Streamline your customer onboarding and compliance procedures even further with Creditsafe's integration app, making it even easier for your business.

Try Creditsafe's Anti-Money Laundering checks for free

Experience the speed of Creditsafe's online AML checks today.

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Frequently asked questions

Who needs to run Anti-Money Laundering checks?

Solicitors, accountants, tax advisers, insolvency practitioners, financial institutions, credit institutions, estate agents, chartered surveyors, trust/service providers, gaming companies and high value dealers with the potential for a business relationship worth over £15,000, such as automotive dealers and jewellers.

Why does my business need to perform Anti-Money Laundering checks on its clients?

The Anti-Money Laundering regulations are governed by 4 Acts: The Proceeds of Crime Act, The Serious Organised Crime and Police Act, The Terrorist Act and the Money Laundering Regulations. Failure to report suspicious activity can carry a criminal sentence and lead to substantial fines from the relevant regulatory body.

What is Electronic verification?

In order to prevent fraud and money laundering it is important to verify individuals carrying out financial transactions. Previously, documentary evidence was relied on to verify an individual. These may not always be available and they can also be easily forged or altered, therefore electronic verification provides extra security and reduces risk against money laundering and fraud. Electronic verification also removes the need for the customer to be present, which saves time and helps support customer relationship building. The risk of money laundering is reduced as several data sources are called upon to verify the customer rather than just relying on documentary evidence.

I have dealt with my clients for many years, do I still need to carry out customer due diligence?

You need to keep CDD up-to-date for all your clients. You may have sufficient documentary ID details on your files, but if there has been any subsequent change to their circumstances or risk profile, you should update your CDD. It is advised to review clients’ CDD on a regular basis.

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