AML

With many Mortgage Advising companies now opting for an AML check at some point in their process, C2C has developed, along side Equifax, an AML compliant report with over 55 million records to be interrogated, delivering you a Pass or Fail.

On January 10 2020, the Fifth Money Laundering Directive came into being, with new wording which compels companies to use electronic identity checks on clients where this is available.
The new rules, introduced under The Money Laundering and Terrorist Financing (Amendment) Regulations 2019, mean that organisations are required to ensure that the ‘proof of identity provided by clients is from a reliable source which is independent of that person’. 

Instead of relying on paper-based checking of passports and driving licenses, firms should use electronic checks wherever this is possible.