
AML Compliance for the Insurance Sector
Keep your insurance firm safe from financial crime and ensure your compliance with the latest guidance from the government, with SmartSearch. We streamline AML in the insurance sector, so you can focus on your business.
We can help you mitigate the risks of insurance fraud
Insurance firms are increasingly at risk from money launderers – especially those which offer high-value life insurance policies. Insurers are also vulnerable to fraudulent claims, and therefore need to identify and manage the risks posed by their customers.
Without a competent risk-based approach, your company is more likely to become unwittingly involved in financial crime. If you don’t comply, you may also incur penalties from regulatory bodies, like steep fines, as well as reputational damage.
SmartSearch offers an all-in-one customer verification system, with sanction and PEP screening, as well as ongoing monitoring. Our platform is a quick and easy way to electronically verify customers, and mitigate the risks of money laundering in the insurance sector.

Just a few areas we can help you with
Tailored AML Products for Insurers
From KYC checks through to detailed record keeping, we offer the most comprehensive range of AML and fraud prevention products on the market, but we’re happy to tailor our services to the needs of your insurance firm.
Our holistic software can be easily integrated into your existing system, simplifying client onboarding and ensuring your compliance in one easy step. Plus, if you often work remotely or on the move, our full-service app grants you access to all our screening products from a mobile device, so you can get a definitive pass or fail result in seconds.
What kind of insurance organisations do we work with?
- Life Insurance
- Pensions
- Investments
- Annuities
- Endowments
- Group Pensions
- Trusts
There’s a reason we have a 98% client retention rate

Read case studyWhen someone submits an application to us, we like how quick and easy it is to perform the check, and love how reliable the information is that’s returned.Stephanie Slark Head of Group Recruitment

Read case studySmartSearch provides us with a cost-effective and simple to use solution which is quick and east to use and delivers a fully auditable record. It has undoubtedly provided us with efficiencies and a cost saving over our previously used system.
Frequently Asked Questions
- Is the insurance sector subject to money laundering regulations?
- How can insurers detect money laundering?
- How do criminals launder money through insurance companies?
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