Top 5 AML Providers For 2023

Financial crime is everywhere, driven by economic stress and instability. Scams, fraud, and other illegal risk-taking behaviour are on the rise. Criminals will use sneaky and nefarious techniques to launder money, in an attempt to disguise their ill-gotten gains. AML and IDV software help prevent businesses from being used to support or hide criminal activities, such as corruption, tax evasion, terrorism, and other illegality.

Anti-money laundering software identifies suspicious transactions and flags questionable customer activity. It provides businesses with the tools they need to support their legal and regulatory requirements, like Know Your Customer (KYC) and Know Your Business (KYB) checks, and other compliance management.

The software is used by businesses to screen customers for AML risks, PEPS and Sanctions adverse media, to avoid being complicit in financial crime. It is predominantly by finance, fraud, and compliance managers for AML checks. Closely related to Identity Verification Software, Fraud Detection Software and Compliance Platforms, AML providers offer a vital service to help support organisations and individuals by protecting them from financial crime and money laundering.


What is an AML (Anti-Money Laundering) check?

Firms must use AML checks to meet basic regulatory requirements to manage financial crime, ensure compliance and for ongoing customer due diligence. These checks involve verifying your customers aren't lying about who they are, and if they are involved in any illegal activity. 

The risks of not undertaking these steps can be severe. The fines can be staggeringly large, and the reputation impact is almost impossible to recover from. Senior leaders and decision-makers also risk potential prison sentences for major negligence. 

All in all, using an AML provider to establish a timeline and audit trail, as proof that you have undertaken due diligence, is a necessary requirement. This, alongside protecting yourself with KYC and KYB checks from ever getting involved in anyone who may be up to anything illegal or immoral, is a no-brainer.

Are KYC and other due diligence a legal requirement?

For many industries and sectors, KYC checks are a regulatory requirement and are legally mandatory. This applies to several different sectors, such as financial services, accountants, estate agents and legal. These industries are obligated to comply with KYC Regulations.

KYC (Know Your Customer) and KYB (Know Your Business) verify the identity of a customer and confirm they are who they say they are, ensuring compliance with a set of legal requirements to meet specific regulations and policies. Undertaking due diligence before onboarding a customer and ensuring that their documents are genuine, is designed to prevent criminal activities like money laundering and financial crime.

Verifying the identity and documentation of the customer is essential for risk management. Traditional KYC checks are time-consuming, and predominantly paper-based, taking weeks to complete and slowing down processes and business activities. They require a physical ID, and document verification was often complicated and costly, resulting in a poor customer experience and less accuracy.

But with a provider like Red Flag Alert, the decision can be made in seconds, and the process is catalogued digitally, so the complexity is greatly reduced.

The minimum requirements for a KYC check are:

  • Name
  • Date of birth
  • Address
  • Official documentation such as a biometric passport or driving license.

What do AML checks include?

There are several things that your AML provider will check as part of their due diligence.

Know Your Customer (KYC): Verify the identity of any customers and confirm they are who they claim

Adverse media checks: Search for negative information about your customers, such as CCJs or bankruptcies, or more serious issues like a criminal record

Sanctions checks: Find out if your customer is on a sanctions list, and may be banned from doing business in your country or with your company

Politically exposed person (PEP) checks: Identify whether a customer is a PEP, which is a person who holds a position of power or influence in a government or public organisation

Top AML Providers

Avoiding the risk of financial crime and money laundering is very important to ensure the health and legality of your company. Using an AML solution that can offer quality data on millions of individuals and companies allows you to make risk-based decisions instantly. Working with a reputable AML provider increases trust and allows full visibility and transparency over everyone involved with your organisation.

Below is a list of companies, in no particular order, which are among the top AML providers in the UK today.



Red Flag Alert provides an AML solution allowing customers to streamline customer due diligence, efficient onboarding, and improves their ability to fight financial crime. Our AML checks can be performed instantly, optimising the customer experience and ensuring enhanced due diligence to assure regulatory compliance.

RFA’s data comes from market-leading data owners and their own proprietary AI-powered algorithms enrich data and provide unique insights on UK and international companies.

  • UBO Checks
  • Full audit of AML Checks
  • Digital KYC
  • Enhanced and Bulk AML Check
  • PEPS and Sanctions Screening
  • Adverse Media monitoring
  • On going monitoring
  • CRM integration

Red Flag Alert Platform

The business can be split into five key areas:

  • Created with Lunacy
  • Created with Lunacy

Detailed information on every UK company would help your sales team build a data-driven process based on real-time business data, target ideal customers, and find real-time qualified sales opportunities. The company database can be refined using over 140 filters to build targeted lists.


Unique financial health ratings accurately predict insolvency, helping evaluation into risk posed by clients and giving time for you to mitigate it.


Verify potential clients in seconds with RFA’s business intelligence software. In-depth AML and KYC checks make compliance simple.

Full risk checking, enhanced due diligence, checks against international PEPs and sanctions delivered with a cloud-based workflow and secure audit trail.


Advanced monitoring and portfolio risk management capabilities. Data updated in real-time means you can take proactive steps to protect your business.


Integrate RFA into your existing systems to improve workflow and productivity within your business. Already have built-in integrations with over 20 leading CRM including RFA API, HubSpot, Salesforce, Zoho.

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Take advantage of Red Flag Alert’s free trial to find out how Red Flag Alert’s AML solution can help your business


SmartSearch is an anti-money laundering (AML) compliance solution that helps businesses meet their AML obligations. It is cloud-based and easy to use, offers a wide range of features for businesses that want to protect themselves from money laundering and other financial crimes.

SmartSearch's featured tools include:

  • User-friendly interface
  • Powerful search engine
  • Wide range of reports
  • Integration with other AML systems


ComplyAdvantage is a provider of AML compliance solutions to businesses of all sizes, including banks, financial institutions, cryptocurrency exchanges, and other regulated entities.

The platform includes a wide range of features, including:

  • User-friendly interface
  • Sanctions Screening
  • PEP Screening
  • Transaction Monitoring
  • Adverse Media Screening


Sumsub is a global identity verification platform that helps businesses confirm their customers' identities and onboard them quickly and securely, allowing customers to meet their compliance obligations and improve the customer onboarding process.

Here are some of the businesses that use Sumsub:

  • ️Banks
  • Cryptocurrency exchanges
  • Online gaming companies
  • Gig economy platforms

North Row

NorthRow is a Software-as-a-Service (SaaS) company that helps regulated organisations manage risk by digitally transforming their client onboarding, monitoring and AML compliance processes.

North Row provides a solution that includes:

  • KYC and AML checks
  • Customer onboarding
  • Customer monitoring
  • AML compliance training.


Aplyid is a global identity verification company that provides businesses with a simple, fast, and secure way to verify the identities of their customers. This helps businesses to reduce fraud, comply with AML regulations, and improve the customer experience.

The Aplyid platform can be used to verify a wide range of customer identities, including:

  • ️Individuals
  • ️Businesses
  • Non-profit organisations

Need a customer to undergo an efficient and reliable AML check?

Red Flag Alert offers our customers the ability to fight financial crime instantly, with our digitally enhanced and secure AML software. Customers can self-serve identity verification for all of their KYC checks, completely remotely and efficiently, saving time and providing digital storage for your ongoing audit trail.

Get peace of mind by performing your AML checks in seconds, optimising your customer screening and ensuring due diligence to assure your regulatory compliance.

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