Skip to Content
Skip to Main Menu

Anti Money Laundering

With the Fourth Anti-Money Laundering Directive having been enacted in in June 2017 the regulatory environment has never been more challenging. Within this regulatory environment Red Flag Alert is working with businesses to ensure its data is supporting their AML processes in the most efficient way.

Anti-Money Laundering (AML) policies, which include ‘Know Your Customer’ (KYC) checks, play a pivotal role in preventing money laundering, identity theft and financial crime such as fraud. Across all industries and sectors, AML compliance is a legal requirement.

The sanction which can be imposed by the FCA on specific individuals can be severe, so understanding the regulations (even for SMEs) is important and claiming ignorance is not an excuse.

At Red Flag Alert, our AML service has:

  • Full range of risk level checking with unbeatable match rates.
  • Fast and accurate first time passes.
  • KYC and AML Solutions.
  • ID Verification.
  • Enhanced due diligence (EDD) and biometric facial matching available.
  • Sanctions & PEPs databases.
  • PEPs and Sanctions list screening, updated in real-time.
  • Instant, secure and cost-effective.
  • Data which is categorised and alerts can be setup.
  • Simple, easy to use interface.
  • Secure audit trail.
  • No set-up fees.
     

Our AML service has been developed in conjunction with Begbies Traynor Group PLC and GB Group PLC: a world leader in AML services and ID verification. The development process was extensive and the result is the most comprehensive AML solution in the market today. 

Fourth AML Directive – 2017

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26 June 2017, implementing the EU’s Fourth Money Laundering Directive and replacing the 2007 Regulations.

The 2017 Regulations signal a shift away from a prescriptive approach, towards one requiring regulated businesses to consider and act on the specific risk factors they face.

To ensure compliance with the new law, organisations must introduce preventive measures to prevent the facilitation of nefarious financial activity such as new processes, risk assessments and internal audits. Red Flag Alert’s revolutionary AML checking service should be your first port of call for your compliance needs.

Get in Touch

Red Flag Alert can help you to successfully combat the dangers of money laundering and financial crime. The audit trail and information you can access through our database is a critical part of the compliance picture. You can prove that you are proactive by managing your data, tracking changes, recording risk, outlining procedures and organising strategy. The solution is designed with the user in mind. The user interface is simple and our API which allows you to integrate our data is best-in-class.

Please get in touch to see how one of our team can make sure you are meeting your AML responsibilities.

Try our FREE company checker

Enter the name of the company you wish to check and let our system generate results instantly.

1,000,000 +

Data changes every month – the UK’s freshest B2B database

9/10

Users Refer our Solution to Others

30,000

New businesses added to our database every month

Latest industry news and updates

Bank of England Warns of Growth in High-Risk Business Lending

UK Business News

Bank of England Warns of Growth in High-Risk Business Lending

With business confidence in the UK precarious as Britain edges towards an uncertain Brexit, the Bank of England has cited a high number of loans to risky businesses as being a serious problem to throw into the mix.

REVEALED: the most entrepreneurial areas of Greater Manchester…and the least

Press

REVEALED: the most entrepreneurial areas of Greater Manchester…and the least

Bury is the most entrepreneurial borough in Greater Manchester with the highest rate of firms launched last year, according to new research published today.

469,000 Businesses In ‘Significant’ Financial Distress

Press

469,000 Businesses In ‘Significant’ Financial Distress

The number of UK companies rated as being in ‘significant financial distress’ during Q3 2018 has increased by 5% compared to the same quarter last year, according to the latest Red Flag Alert research data from Begbies Traynor, the UK’s leading independent insolvency firm.

Homebase Sold To Hilco For £1

UK Business News

Homebase Sold To Hilco For £1

Homebase join a long list of retailers scrambling to survive in an increasingly hostile retail environment. Led by the restructuring firm Hilco, Homebase is expected to propose a company voluntary arrangement imminently.

All emails include an unsubscribe link. You may opt-out at any time.

Here at Redflag Alert we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. By submitting this request, you agree to receiving information from Red Flag Alert. See Privacy Policy.

Contact

Red Flag Alert
302 Chambers Business Centre
Chapel Road, Hollinwood
Oldham
Greater Manchester
OL8 4QQ
Close Menu