AML Compliance & Due Diligence

Compliance with money laundering obligations

In today’s post Jackson landscape, if a claimant lawyer accepts a client or registers a claim on the Claims Portal, without applying early and relevant due diligence, they run the risk of expending time and resource progressing a claim which ultimately could be declined and for which they will not receive their fixed fee.

Actually there are a number ID Validation and AML services available to the legal sector. For claimant lawyers who often deal with their clients remotely, these could represent a time and cost efficient way of gaining some reassurance in relation to their customer, whilst protecting their revenue stream and reputation.

Challenges and opportunities for solicitors

Compliance with money laundering obligations is one of the greatest challenges for solicitors in the UK today.
CRIF is aligned to the challenges facing the legal sector and already provides a successful, sector specific identity verification solution. We are agents for change and we believe this period of flux in the market can act as a catalyst for further innovation and opportunity for law firms to generate new revenue streams and reinvigorate dormant markets.

We are currently investing in R&D to develop our offerings and further support our legal clients and we are keen to hear from the market on what additional online services would be beneficial.

We ensure compliance with anti-money laundering regulations to help solicitors adopt a risk-based approach to financial crime thanks to real time screening of personal details against content-rich sources including positive, negative, domestic and international databases.

Learn more on our partnership with Eclipse to strengthen verification services for the legal profession

FAQs on Anti-Money Laundering

Look at the most commonly asked questions in relation to Anti-Money Laundering to understand why and how you can strengthen your compliance processes.
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UK Business Information & Company Searches

Reports and documents on every Company, Director and Business in Ireland, and in the UK. Professionals looking for the highest quality company information can use CRIF solutions to help them achieve the best results in terms of profitability and healthy growth. CRIF has established a new approach to business information using a scenario where decisions and risks are based on a complex and robust framework of value-added information, dynamically updated and revised.

International Credit Reports across 230 territories

Wherever your goods are shipped or sold, you can now enjoy the latest details on over 200m companies across 230 territories. Credit reports, document and monitoring services to trade with confidence, visibility and transparency on worldwide relationships. Credit Reports are available online or can be freshly investigated, meaning that high quality information is guaranteed anywhere in the world.

ID Check

From a wealth of powerful data, an easy to understand identity verification and risk assessment report is produced. Combining a brief results summary with a detailed granular report, ID Check delivers identity verification tools which are both user-friendly and highly informative as well as a corresponding score.

AML Check

​Quick and user-friendly solution aimed at enabling insurers and legal representatives to screen the personal details of an individual and validate their identity against multiple sources to manage business risks, confidently conduct due diligence for anti-money laundering purposes and effectively prevent fraud.