{"id":29524,"date":"2025-10-14T12:51:38","date_gmt":"2025-10-14T11:51:38","guid":{"rendered":"https:\/\/figsflow.com\/uk\/?p=29524"},"modified":"2025-12-16T11:56:19","modified_gmt":"2025-12-16T10:56:19","slug":"difference-between-kyc-and-aml","status":"publish","type":"post","link":"https:\/\/figsflow.com\/uk\/difference-between-kyc-and-aml\/","title":{"rendered":"What’s the Difference Between KYC & AML? Key Compliance Insights\u00a0"},"content":{"rendered":"\t\t
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You’re onboarding a new client. They’ve signed the engagement letter and sent their documents. Then someone asks: “Have we done the KYC checks?” Another person chimes in: “What about AML compliance?”<\/span>\u00a0<\/span><\/p>

Are these the same thing or different requirements? Your team uses these terms interchangeably, and the regulatory guidance doesn’t make it much clearer.<\/span>\u00a0<\/span><\/p>

This confusion isn’t just frustrating. It’s risky. In the past four years, HMRC AML fines have surged by 177%. Many penalties went to firms that thought they were compliant but had gaps because they didn’t understand what each requirement actually demanded.<\/span>\u00a0<\/span><\/p>

So what’s the real difference between KYC and AML? This post breaks it down, showing you exactly what each means, how they work together, and what you need to do to stay compliant.<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Key Points Summarised for Busy Readers<\/span>\u00a0<\/span><\/h2>

Here’s what you need to know:<\/span>\u00a0<\/span><\/p>