Anti-money laundering (AML) & Counter-Terrorism Financing (CTF) checks

Anti-money laundering checks are an essential part of the Know Your Customer (KYC) procedure which help prevent money laundering, identity theft and identity fraud. In practice, they involve collecting a customer’s name, date of birth, an official document confirming their identity and a residential address. At Funding.com.au, we take our AML checks very seriously to ensure our customers are always protected. For example, at the point of an investor registering we may require extra documents, such as passports, driver licences, Medicare cards, utility bills and bank statements to assist in the verification of investors.