What Research Says About AML Checks

Date Published 14 June 2022

AML Checks are significantly rising as it hits record high. AML stands for Anti-Money Laundering and is a set of policies procedures, and technologies that prevents money laundering.

Across the first quarter of 2022 Credas claims that there was a record amount of AML checks carried out. The total volume of AML registrations taking place across the start of 2022 has risen from 26% when compared to the first quarter of 2021 and 49% on the last quarter of 2021. The main good news is that in proportion to total applicants, the number has decreased in 2020 and 2021 compared to 2019 showing that the property industry is on the right track to tackle AML.

Due to this Credas has also seen a rise in the number of checks being flagged. These have increased by 401% between 2019 and 2020 and a further 31% in 2021.