Our Blogs on  Anti Money Laundering (AML)

Legal Document Automation Software

In the article, we will look at legal document automation through the lens of compliance management. Proof of identity checks are essential to any business that requires customer authentication in finance, real estate, and legal services, confirming the individual's identity before proceeding with any transaction or service.  However, traditional methods of verifying identity, such as […]

What is a Money Laundering Reporting Officer (MLRO)?

What is Money Laundering? Before exploring what is an MRLO, we should first go back to basics and understand what is money laundering. Money laundering is the process of disguising the proceeds of illegal activity, such as drug trafficking, corruption, or fraud, by making it appear to have been obtained from a legitimate source. This […]

What is an AML Check? (Anti-Money Laundering)

Introduction Ever wondered what is an AML check? Anti-money laundering (AML) checks are procedures and processes that financial institutions and other regulated entities follow to prevent, detect, and report money laundering activities. Money laundering is disguising the proceeds of illegal activity as legitimate funds. It is a significant problem that threatens the integrity and stability […]

Who Must Firms Register With For Anti-Money Laundering Purposes?

Introduction Businesses in the financial sector and law firms will find the term money laundering all too familiar. Money laundering costs the UK economy millions of pounds annually and can also be accredited with terrorist financing and organised crime. The UK government has regulations and guidelines to ensure all businesses within these sectors are legally obliged […]

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