What should I consider regarding AML systems?
Is it time to invest in an anti-money laundering system (AML system)? At BusinessWith, we have mapped out 14 different AML systems available in the UK market, so you can get help combating potential financial crime by first comparing which system suits you best. The systems protect you against various financial frauds and many are cloud-based and scalable. Today's services are often very user-friendly and provide you with robust protection, allowing you to gain good customer knowledge and counteract money laundering and fraud through smart algorithms. Many systems can also be integrated with other systems and services you use. The anti-money laundering regulations help both banks and various financial companies automate the processes and controls that aim to prevent money laundering. The Financial Conduct Authority is responsible for ensuring that the regulations are followed.
How should I choose an AML system?
Manage watchlists, monitor transactions and background information, and indicate when something seems amiss. Today's AML systems are very smart and are often fully customizable to meet your specific needs. Why not tailor a system that fits your business perfectly? Many systems today are also scalable, which is good to consider if your company or organization is growing. However, always ensure that, regardless of the system, it feels user-friendly and that those who will be using the system daily truly appreciate the available features. Integrating the system with your own business processes is also a plus. At BusinessWith, we have mapped out the most popular and best AML systems in the UK today. Use our comparison guide to compare systems – and eventually find the anti-money laundering system that suits your business best. We are here to support you if you have any questions.
Quick guide
List of 13 AML Software
Adaptive Behavioral Analytics platform that profiles individual behaviour in real time to detect fraud, scams and AML risks; deployable on‑premise or in cloud, with modular solutions like Scam Detect and TallierLTM.
A SaaS financial crime risk intelligence platform combining screening, ongoing monitoring, transaction monitoring and API-first integrations to reduce false positives and automate remediation.
A SaaS platform and API delivering global identity verification, sanctions/PEP/watchlist screening, adverse media, continuous monitoring and developer-friendly SDKs for fast integration and regulatory compliance.
An enterprise blockchain analytics platform providing real-time wallet and transaction screening, cross-chain tracing, entity due diligence, monitoring and investigative tools for crypto AML compliance.
An all-in-one compliance platform delivering watchlist management, customer/payment screening and alert adjudication with real-time ingestion, explainable AI and cloud-native scale.
A global identity and location intelligence platform offering identity verification, address validation, fraud prevention and AML capabilities to enable safe digital onboarding.
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A modular suite (name & transaction screening, transaction monitoring, adjudication, risk data management and case management) combining explainable AI agents with workflows to detect and resolve AML and sanctions risk.
An entity-centric AML and financial crime platform offering transaction screening, sanctions and identity screening, investigative case management, AI/ML analytics and data intelligence to detect, prevent and report financial crime.
A platform that connects data, analytics and trusted AI to create context, power entity resolution, graph analytics and agentic AI for proactive AML, fraud detection, risk management and decision automation.
A global identity verification platform delivering person and business verification, fraud intelligence and AML/KYC/KYB compliance via one API, 450+ data sources and AI-driven workflows.
FinScan delivers end-to-end AML, sanctions and KYC screening with advanced matching algorithms, data quality, UBO detection, payment screening and configurable risk scoring for global regulatory compliance.
A multi-layered identity platform offering KYC/KYB, AML screening, transaction screening, liveness detection and AI-powered risk scoring to prevent fraud and meet compliance worldwide.
Sumsub provides an all-in-one verification platform: user and business ID checks, AML/sanctions screening, device intelligence and transaction monitoring with adaptive AI and integrations.
What should I know about the money laundering law?
In the UK, it is a legal requirement for all banks, insurance companies, and others to comply with the money laundering law and the financing of terrorism. This means that they must take action if they suspect that money is being used improperly, as well as establish procedures and processes to monitor that no fraud is committed from the outset. The UK must comply with the EU's money laundering directive, but regulations to combat money laundering can be found worldwide. A fundamental measure in combating money laundering is simply to ask customers where the money comes from and to ensure they can provide documentation that verifies the source of the funds.
But how should one work with this in a smart way? What you need is an AML system, that is, an anti-money laundering system, which helps you and your organization ensure that no money laundering or fraud occurs. BusinessWith helps you find the right system on the market today. With us, you can easily compare different AML systems to find the best AML system for you. Do not hesitate to contact us if you need more advice and guidance. We have many years of experience guiding our clients through the system jungle – welcome to us with your questions.
Description of product features
AI implementation
Customer due diligence
Dynamic customer risk assessment and scorecard
Identity verification
Investigation tools
Regulatory reporting
Sanctions screening
Transaction monitoring
