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Firms have a continuing duty to conduct AML and source of funds checks to ensure any dealings aren’t being used to disguise criminal behaviour, enable money laundering, or give dodgy characters legal legitimacy.

Checkboard take you beyond documentation, using enhanced data insights to get more reliable proof of identity. That way, we help you reduce your exposure to criminal risk.

For most law firms, address verification is as simple as asking a client to fill out a form, and sending it back with one or two pieces of evidence – typically a council tax or utility bill, and a bank statement.

Completing onboarding and compliance checks is important, but it must not come at the expense of customer experience.

The profession needs to be smart about the way it integrates AI. While the big firms can put money, time and resources into it, smaller firms should be careful and intentional.