Our anti-money laundering (AML) search helps ensure your due diligence is carried out in line with regulatory bodies, giving you accurate results, peace of mind and protecting you, your clients and your firm.
Our AML offering ensure you comply with the European Union Fourth AML Directive.
A single platform makes due diligence is easy and reduces the risk of fraud to you and your client.
All results are returned quickly and saved to your matter number for easy reference.
Around £57b is being laundered through the UK every year, making law firms a prime target for fraudsters due to the large amounts of money moved every day. We understand the risk this poses to your firm and how imperative it is for you to know who your clients are.
InfoTrack enables you to quickly and easily perform anti-money laundering (AML) searches online, empowering how you manage your due diligence process. Working with trusted anti-money laundering providers, we ensure our clients remain compliant with the European Union Fourth AML Directive at the click of a button.
Completing your AML search through InfoTrack gives you access to a completely online system that applies the information to pre-populate forms through every stage of the conveyancing transaction. With everything saved against your matter number and saved for up to 7 years, performing your anti-money laundering search is easy and secure.
InfoTrack clients enjoy the ease of use as well as the results being simple to digest and understand.
Anti-money laundering is based around a set of laws and regulations that aim to prevent fraud. Completing an AML search will help to identify if illegally obtained funds have been disguised as legitimate income. AML should be a key element of any law firms due diligence process for new and existing clients. The SRA estimates that even the small percentage of fraudulent behaviour associated with property transactions equates to hundreds of millions of pounds every year. This is why it is so important to practise thorough anti-money laundering and identity check procedures for every transaction.
Find out more about completing your AML searches with InfoTrack by downloading a brochure today.