AML Guide

AML Checks

The UK government’s regulations on Anti-Money Laundering (AML) checks require businesses in certain sectors, such as financial services, legal, and real estate, to conduct due diligence on clients. These checks aim to prevent money laundering, terrorist financing, and other financial crimes. 

Know Your Customer (KYC) is a component of AML regulations. It refers specifically to the process of verifying a customer’s identity and understanding their financial activities to assess potential risks. KYC ensures that businesses know who their clients are and whether they present a risk of involvement in illegal activities. 

As part of our commitment to helping you meet compliance requirements, we offer AML and KYC checks as part of our Identity Verification services through a variety of checks such as Biometric Identity Verification, Address & Mortality checks, PEPs & Sanctions Screening and Ongoing Monitoring. 

If you are unsure on which checks you should be sending to a client, these regulations are outlined in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. 

We have created an 'How-To AML Check via Credas' Guide which can be viewed/downloaded here.

This guide aims to give you an overview of the below:

- What checks we offer

- How to send an remote AML check to your client

- How to manually complete an AML check on your client

- How to review your results

- Tips & Tricks in the portal

We also offer guidance on understanding your results and other checks we offer here:

- Identity Check & Liveness Results

- Address & Mortality Results

- PEPs & Sanctions Results

- Ongoing Monitoring

- Know Your Business (KYB)

- Source of Funds & Open Banking

Got any questions?

If you have any questions please reach out to the Credas support team by logging a support ticket using the 'Submit a Ticket' button at the top of the knowledge base.

We are committed to continually improving our support resources for you. We would greatly appreciate your feedback & comments below to help us enhance your experience.