The UK's only Multi Agency Credit Report

Take a FREE 30-day no obligation trial today. Call us on 0800 612 0421 for assistance.

Your Free
Credit Report

Your Free
Credit Score

Find A
Credit Card

Debt Advice Centre

Check Any Postcode

Free Identity Theft Check

FREE Multi Agency Credit Report

See more than twice the information compared to any other UK Credit Report

Our Credit Report Monitoring service features:

Multi Agency Credit Reports

FREE Credit Score & Rating

FREE Identity Theft Assistance

Independent, Impartial, Expert Advice

More about Multi Agency Credit Reports

Money Laundering

Definition of 'Money Laundering'

Annoying checks that the law requires all banks to make before they are allowed to take money from you. The same law applies to anyone who takes money, including building societies, solicitors and accountants. The checks are made to make sure you are genuinely who you say you are. The aim of money laundering checks is to stop ‘ill-gotten gains’ getting into the banking system. Money laundering checks may include requiring you to produce your passport, driving licence, recent bank statements together with enquiries made of the credit reference agencies.

These checks are undertaken on absolutely everyone. A money laundering check does not mean you are suspected of anything illegal. The money laundering checks made at credit reference agencies leave an ‘enquiry footprint’ – an indelible record so that you can see who has checked you out. The enquiry footprint does not have any impact on your credit score or on your ability to get credit.

Privacy and Cookies

FREE Multi Agency Credit Report

See more than twice the information compared to any other UK Credit Report

UC Selling

Money Laundering

Definition of 'Money Laundering'

Browse All Definitions

A or B

C

D to F

G to M

N to R

S to Z

Credit Jargon Starting 'A'

Credit Jargon Starting 'B'

Credit Jargon Starting 'C'

Credit Jargon Starting 'D'

Credit Jargon Starting 'E'

Credit Jargon Starting 'F'

Credit Jargon Starting 'G'

Credit Jargon Starting 'H'

Credit Jargon Starting 'J'

Credit Jargon Starting 'K'

Credit Jargon Starting 'L'

Credit Jargon Starting 'M'

Credit Jargon Starting 'N'

Credit Jargon Starting 'O'

Credit Jargon Starting 'P'

Credit Jargon Starting 'R'

Credit Jargon Starting 'S'

Credit Jargon Starting 'T'

Credit Jargon Starting 'U'

Credit Jargon Starting 'V'

Credit Jargon Starting 'W'

Free Credit Report

Other Free Services

Useful Links

Site Information