Glossary
Anti-money laundering (AML)
Anti-money laundering (AML) is the set of laws, checks and controls that regulated firms use to stop criminals disguising illegal funds as legitimate. In lending it sits alongside Know Your Customer checks during onboarding and ongoing monitoring.
Effective AML is risk-based: proportionate checks for most customers, with enhanced due diligence where risk is higher.
How Credit Canary helps with anti-money laundering
Credit Canary brings the data, decisioning and payments behind Anti-money laundering into one platform for UK lenders.
Identity verificationRelated terms
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