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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.

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. 

Red Flag Alert’s AML software is the perfect tool to protect and grow your business

Know Your Customers

With pressure from regulators set to increase, checking your clients are who they claim to be is a critical obligation – ignorance is no excuse. Our AML checks provide peace of mind with full risk checking, enhanced due diligence and checks against international PEPs and sanctions databases.

Incredible Depth

Our data is updated in real-time from hundreds of data sources in the UK and overseas. Our data includes UK electoral roll, international sanctions, international PEPs, UK & international passports, enhanced due diligence, biometric facial matching, international ID cards and more.

Real-Time Updates

Stay on top of changes in your clients’ risk status. Red Flag Alert is updated every day, and monitoring alerts can be sent to your team in real-time, ensuring you don’t miss emerging risks.

Remain Compliant

With real-time AML checks, you won’t miss key information when onboarding or monitoring clients. A secure audit trail means you can build robust and effective AML compliance frameworks.

Request A Trial

Experience the peace of mind, speed and simplicity of Red Flag Alert’s AML checks with our no-obligation free trial.

Speed + Accuracy + Integration = Huge Competitive Advantage

Seamless Onboarding

Red Flag Alert’s AML checks are completed in seconds, allowing your team to complete quick and easy customer onboarding.

Accurate AML Checks

With hundreds of data sources updated in real-time, your compliance team won’t miss anything.

Bulk AML Checks

Whether you are onboarding 1000s of new customers or checking historical customers, Red Flag Alert provides AML checks at scale.

API Integration

Integrate AML data directly into your CRM so teams across the business can be kept up-to-date.

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

Request A Trial

Experience the peace of mind, speed and simplicity of Red Flag Alert’s AML checks with our no-obligation free trial.

Frequently Asked Questions

Does my business need to run Anti-Money Laundering checks?

Now is the time to act! International efforts to tackle corruption are gaining momentum; the Fifth Anti-Money Laundering Directive (5AMLD) is the latest directive in a process driven by the intergovernmental Financial Action Task Force (FATF), the EU and UK lawmakers to tackle terrorist financing and money laundering.

The scope of businesses required to run AML checks is widening. Banking, payments, lending, insurance, crypto, investment, gambling, high-risk corporates, solicitors, accountants, tax advisers, insolvency practitioners, estate agents, letting agents, surveyors and dealers trading in high-cost products fall under the legislation.

Do I need to carry out AML checks on long-standing clients?

Client files need to be continuously monitored for any change in circumstances, and it’s good practice to complete customer due diligence regularly.

Why Should I use Red Flag Alert?

Aside from fast and accurate reporting that provides complete peace of mind, the team at Red Flag Alert are experts in helping you set up AML processes. Using the Red Flag Alert monitoring tool, you can ensure the right checks are happening at the right time.

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 by calling us on 0344 412 6699.

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Latest industry news and updates

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Contact

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