Anti-Money Laundering Company Service - UK AML Compliance Support

An anti-money laundering company service helps UK businesses manage AML obligations, customer due diligence, identity checks and corporate compliance procedures. This can be particularly important for companies providing corporate, financial, property or professional services that fall within the UK's AML regulations.

What Is an Anti-Money Laundering Company Service?

An anti-money laundering company service provides support with identifying and managing money laundering risks within a business.

Certain UK businesses must register with an appropriate AML supervisory authority and follow applicable anti-money laundering requirements. Regulated sectors include trust and company service providers, accountants, estate agents, certain letting agents, legal professionals and financial businesses.

What Can an AML Company Service Include?

Depending on the business and its regulatory obligations, an AML compliance service can cover:

• Customer due diligence

• Identity verification

• Beneficial ownership checks

• Risk assessments

• Enhanced due diligence where required

• AML policies and procedures

• Client onboarding controls

• Source of funds and wealth checks where appropriate

• Ongoing client monitoring

• Record keeping

• Staff AML procedures and training

• Companies House identity verification support

The exact controls required depend on the nature, size and risk profile of the business.

AML Compliance for Corporate Service Providers

Trust and company service providers can have specific AML responsibilities because corporate structures can potentially be used to conceal beneficial ownership or move illicit funds.

Businesses providing relevant company formation and corporate services may therefore need appropriate AML supervision and risk assessment procedures. HMRC guidance for trust and company service providers highlights the need to assess money laundering, terrorist financing and proliferation financing risks.

AML and Companies House

AML compliance is also connected to the new Authorised Corporate Service Provider framework.

An ACSP that verifies identities for Companies House must be registered with Companies House and supervised by a UK AML supervisory body. It must also keep records of identity checks for seven years.

Companies House can assess whether an ACSP remains fit and proper to perform its functions, including considering its AML supervision, compliance history and conduct.

AML Support for Overseas Businesses

International entrepreneurs and overseas companies using UK corporate structures may also need professional AML support.

An AML-compliant corporate service can help businesses establish appropriate client verification procedures, identify beneficial owners and maintain records required for their regulatory obligations.

Where Companies House identity verification is being carried out through an ACSP, the provider must meet the relevant Companies House and AML requirements.

Choosing an AML Company Service Provider

Businesses should check that the provider has appropriate experience and, where required, is supervised by the relevant AML authority.

If the provider is offering ACSP services, Companies House maintains a list of registered ACSPs. Companies House recommends checking the provider's reputation, experience, services, fees and whether verification can be completed remotely or requires an in-person check.

Fraser Bond Anti-Money Laundering Company Service

Fraser Bond provides practical UK corporate and property consultancy support for businesses, investors and company owners.

Our AML company support can assist with corporate compliance procedures, identity verification requirements, beneficial ownership information, Companies House administration and related corporate processes.

For businesses operating in property, corporate services or international investment, Fraser Bond can help coordinate AML considerations with wider UK company and property administration.

Get UK AML Company Support

If your business needs help understanding AML requirements, strengthening client verification procedures or managing Companies House-related compliance, Fraser Bond can provide practical support tailored to your business structure.