{"id":34393,"date":"2025-12-29T11:45:05","date_gmt":"2025-12-29T10:45:05","guid":{"rendered":"https:\/\/figsflow.com\/uk\/?p=34393"},"modified":"2026-05-27T07:42:08","modified_gmt":"2026-05-27T06:42:08","slug":"cheapest-anti-money-laundering-check-in-the-uk","status":"publish","type":"post","link":"https:\/\/figsflow.com\/uk\/cheapest-anti-money-laundering-check-in-the-uk\/","title":{"rendered":"Cheapest Anti-Money Laundering Check in the UK (2026 Cost Comparison)"},"content":{"rendered":"\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

The cheapest AML check software in the UK is FigsFlow at \u00a32.10 plus VAT per check, on a platform fee that starts at \u00a38 plus VAT a month. Most UK providers sit between \u00a32.00 and \u00a36.00 per check, with annual licences, monthly minimums, and separate charges for PEP screening and ongoing monitoring layered on top.<\/p>

This guide breaks down what an AML check must include, the current price across seven UK providers, why prices vary so much, and how to pick a provider without overpaying for features you will never use.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\n\n\t\t\t\n \n \n \n \n \n
Provider<\/th>\n Per Check Cost<\/th>\n Monthly\/Annual Fees<\/th>\n Total cost (50 checks\/year)<\/th>\n Total cost (100 checks\/year)<\/th>\n <\/tr>\n
FigsFlow<\/td>\n \u00a32.10<\/td>\n \u00a30<\/td>\n \u00a3105<\/td>\n \u00a3210<\/td>\n <\/tr>\n
IRIS<\/td>\n \u00a32.50<\/td>\n \u00a3250\/year license<\/td>\n \u00a3375<\/td>\n \u00a3500<\/td>\n <\/tr>\n
Veriphy<\/td>\n \u00a36.00<\/td>\n \u00a30<\/td>\n \u00a3300<\/td>\n \u00a3600<\/td>\n <\/tr>\n
ClearDil<\/td>\n \u00a30.29-0.59<\/td>\n \u00a329-119\/month<\/td>\n \u00a3453-1,728<\/td>\n \u00a3638-1,828<\/td>\n <\/tr>\n<\/table>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

What is the cheapest AML check software in the UK?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

FigsFlow is the cheapest AML check software in the UK at \u00a32.10 plus VAT per check. It pairs that rate with a platform fee starting at \u00a38 plus VAT a month, and bundles PEP screening, sanctions screening, ongoing monitoring, CDD, EDD workflows, and a Firm-Wide Risk Assessment into the same price.<\/p>

Before going deep into why FigsFlow takes the top spot and how it compares to every other provider on the market, first the basics. What an AML check actually is, what a compliant check must include, and what the available options put behind their pricing. Get those right, and the comparison further down does the rest.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

What is an AML check?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

An AML (anti-money laundering) check is the process a regulated firm uses to verify a client’s identity and screen them for financial crime risk before providing services. For UK accountants, tax advisers, and bookkeepers, this forms the core of Customer Due Diligence under the Money Laundering Regulations 2017.<\/p>

Every AML check answers the same question: can you lawfully act for this person, and what risk does taking them on create for the firm.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

What does an AML check include?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

A compliant AML check covers three components. Some providers bundle all three. Others charge separately for each.<\/p>

Identity verification<\/h3>

The client’s identity document, typically a passport or driving licence, is validated against the issuing authority’s records. Biometric checks add a liveness step that matches a live selfie to the document photo to confirm the person presenting the ID is the genuine holder.<\/p>

PEP and sanctions screening<\/h3>

The client is screened against politically exposed persons databases and UK and global sanctions lists. A match does not automatically disqualify the client, but it triggers Enhanced Due Diligence under Regulation 35 of the MLR 2017 and senior management sign-off before the engagement can proceed.<\/p>

Ongoing monitoring<\/h3>

A check at onboarding is not enough on its own. Client circumstances change, new sanctions designations appear, and PEP status can shift. Ongoing monitoring runs automated rechecks and flags any change so the firm acts on it without rerunning checks manually. Several providers price this as a separate module.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

Is an AML check mandatory for UK accountants?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Yes. Any firm providing accountancy, tax, audit, or bookkeeping services in the UK falls under the Money Laundering Regulations 2017 and must conduct Customer Due Diligence on every client before regulated work begins. This applies equally to sole practitioners and large firms. Size and turnover are not relevant. The obligation is the same.<\/p>

Supervisory bodies (HMRC, ICAEW, ACCA, AAT, CIOT, IFA) expect documented AML procedures and evidence that checks have been carried out and reviewed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

What happens if you do not carry out AML checks?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

The consequences fall into two categories: regulatory and reputational.<\/p>

HMRC and the FCA have issued substantial fines to firms that failed AML obligations. Penalties run into the tens of thousands. In serious cases firms have lost their AML registration entirely, which removes their right to provide regulated services. A failed inspection or supervisory review also creates a reportable event that follows the firm.<\/p>

The reputational hit is harder to measure but often costs more in the long run. If a client onboarded without proper diligence is later linked to financial crime, the firm’s name attaches to the case.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

Who is responsible for AML checks in a practice?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

In a sole trader practice, the principal is personally responsible. In any firm with staff, responsibility sits with the nominated officer, commonly the Money Laundering Reporting Officer (MLRO). The MLRO oversees compliance across the practice, reviews flagged cases, and reports suspicious activity to the National Crime Agency where required.<\/p>

Software handles execution. The named officer holds oversight, sign-off, and escalation decisions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

When should an AML check be carried out?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Before any regulated work begins. Not after the first meeting. Not once the engagement letter is signed. Before.<\/p>

Re-verification is required when:<\/p>