Get help with all things AML

We do not offer a pay-as-you-go service, however when you first come on board, we will work with you to tailor a package based on the number of searches you will need. 

Under the Money Laundering Regulations, to perform “Customer Due Diligence” you must “verify” on the basis of documents or information obtained from a reliable source, independent of the person whose identity is being verified.

SmartSearch is the only AML platform that is able to verify individuals and corporate clients in the UK and anywhere in the World, with full Sanction and PEP screening and ongoing monitoring.

Electronic verification is widely recognised by regulators.

For further information on how SmartSearch can benefit your business, speak to one of our AML and digital compliance experts today.

-  Large transactions involving cash or virtual currencies or transactions that are structured to avoid reporting requirements are red flags that could indicate money laundering.

Financial penalties are the most common form of punishment for AML violations.

-  Failing to conduct adequate customer due diligence.

-  Failing to file required reports such as Suspicious Activity Reports (SARs).

-  Failing to update policies and procedures to reflect changes in regulations.

-  Failure to provide adequate AML training to employees.

-  Not regularly reviewing your AML program and ensuring that it is up to date and futureproofed.

For information on how to best implement an effective AML and digital compliance strategy unique for your business, speak to one of our experts today.

Using EV is by far the most reliable way to carry out know your customer and know your business checks on new and existing clients.

The triple bureau approach vastly reduces false positives.

SmartSearch’s digital compliance solution supports more than 7,000 clients and 65,000 users across a number of regulated sectors.

Every business subject to regulations under the Money Laundering Regulations is required to carry out AML checks.

 - Placement

- Layering

- Integration

- Concealment

- Structuring

The 5th EU Anti-money Laundering Directive (5MLD) which came into force on January 10th 2020 

The EU Anti-Money Laundering Directive (6MLD) also came into effect on the 3rd of December 2020.

The UK anti-money laundering regime requirements are set out in the Proceeds of Crime Act, the Money Laundering, Terrorist Financing and Transfer of Funds Regulations, the Terrorism Act, the Crime and Security Act, and the Terrorism Act.

Red Flags can be divided into four categories: client, source of funds, professional advice and the nature of the transaction.

A risk-based approach requires that firms thoroughly assess the money laundering threat posed to their business.

Global ID checks are comprehensive identity verification processes that access individuals’ credentials across various databases worldwide.

An International Individual Check – also known as a global identity verification check - is a comprehensive AML compliance solution designed to verify the identity of individuals outside the UK.

If you choose SmartSearch as your AML provider,  you will no longer need to use originals or store copies of documents such as passports and driving licences.

A KYC check takes just 2 seconds and a KYB check only takes 2 minutes.

SmartSearch uses Equifax, Experian, TransUnion, Dow Jones, Companies House and LSEG.

So that we can provide a tailored quote for your business, we recommend having a personalised demonstration of our award-winning platform.