TLDR: Thirdfort helps businesses comply with legal requirements to verify the legitimacy of large money transactions, preventing financial crime like money laundering. It offers a quick, secure way to verify identity and source of funds, protecting organizations and clients from fraud and cybercrime. Trusted by many UK law firms and estate agencies, Thirdfort supports AML verification, ensuring money comes from legitimate sources as mandated by national and international regulations.
Why businesses use Thirdfort
By law, when dealing with large amounts of money, businesses are legally required to understand where that money comes from, and be sure it is legitimate. These requirements or regulations are put in place to help stop financial crime and fraud, like money laundering.
Your provider has a duty to follow regulations to help keep you and your money safe. Thirdfort is a quick, secure and easy way for you to verify your identity and, where necessary, check where your money has come from.
Thirdfort was created to protect organisations and their clients against fraud, money laundering, and cybercrime. Our technology is trusted by hundreds of law firms, estate agencies and other regulated businesses across the United Kingdom.
What is AML verification?
Anti-money laundering (AML) verification is an identity assessment to ensure that anyone transferring or investing money is who they claim to be. This ensures the money involved in the transaction comes from a legitimate source. AML regulations are put in place by both national and international authorities, and these types of checks put a lot of obligations on regulated industries.