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.
Credit Canary builds anti-money laundering into one platform for UK lenders, with the data and decisioning behind it.
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