Anti-money laundering (AML)
Using cutting edge matching algorithms, our AML checks can assess your candidates against over 2,000 international sanctions, PEP's and watch-lists to ensure your business is secured against insider threat and complies with relevant AML regulations.A number of business sectors fall under HMRC's Money Laundering Regulations, and as such are obliged to conduct Anti-Money Laundering (AML) checks on organisations and individuals they enter a relationship with as customers or clients. However, they also have a responsibility to implement measures and ensure that the risk of money laundering is taken into account in the day-to-day running of their business, particularly to mitigate the risk of internal threat. As such, many organisations conduct AML checks on all of their current and prospective employees, verifying their identity and screening them against relevant lists of individuals and entities under international sanctions, individuals who are or are associated with PEPs (politically exposed persons) and a variety of other sources.
With over 2,000 international sanctions, PEPs and watch-lists available, being able to match your prospective hires against these lists reliably and efficiently is critical to ensuring regulatory compliance and mitigating risk within your business. With instantaneous results, availability of active monitoring and automated flag notifications, there is no reason to avoid securing your business with AML checks.