Anti-Money Laundering

On-line checks to quickly meet your obligations for individuals and companies.

When to undertake due diligence.

To aid in the prevention of money laundering and terrorist financing, it is standard practice (except for a small number of situations) to complete your due diligence prior to entering into a business relationship with a customer or prior to an occasional transaction taking place. 

Once your customer has been identified and verified there is no requirement to verify their identity again unless a trigger event occurs.

Potential Trigger Events could include:

  • The product or service that you supply to the customer changes.
  • Concerns are raised regarding previous information collected and its validity.
  • Suspicions of money laundering are raised.  

Your approach to due diligence should not stand still, on-going monitoring should be carried out to allow you to pick up on trigger events which may impact your risk and the level of due diligence that is required. On-going monitoring should include the nature of the business relationship as well as financial sanctions and politically exposed person screening.

Financial sanction lists and politically exposed person databases are continually evolving, with individuals and entities being added, updated or removed. Due to the nature of these lists and databases, on-going screening can be a vital tool to ensure you are aware should your customer become listed.

Contact Us

Call us on0800 07 87 421
International+44 (0)1273 317181