2 min read
Why the checks exist
Lenders must verify who they are dealing with and the source of funds, confirming directors and the PSC. It protects the system from money laundering and fraud, and it is not optional.
Making it fast
Ensure your Companies House details, ID documents and addresses all match and are current. Consistent, accurate information clears checks quickly; discrepancies trigger manual review. See how lenders verify what you provide.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Why do lenders run anti-money-laundering checks?
They are legally required to verify identity and ownership and guard against money laundering and fraud. The checks are mandatory, not discretionary.
How do I keep AML checks quick?
Make sure your Companies House data, ID and addresses are accurate, consistent and current. Mismatches are the main cause of delay.
Related reading
What is a PSC and why does a lender check it?
A person with significant control (PSC) is someone who ultimately owns or controls the company — lenders…
Read →How do lenders verify the information I give them?
Lenders verify through your own data — open banking, Companies House, credit files and ID checks — not by…
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Does a lender check my Companies House filings?
Yes — lenders read your filed accounts, charges, director and PSC data at Companies House, and late or…
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Do I need to register for anti-money-laundering supervision?
Certain sectors — accountancy, estate agency, high-value dealers and others — must register for AML…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.