AML checks for all platform customers

As a result of enhanced focus by the Regulator on Anti Money Laundering we’re carrying out digital checks on all platform customers. This is being actioned through a third party supplier, Experian.

This exercise is carried out digitally and therefore requires no intervention by you or your customers.

A record of the inquiry (a soft search) made by abrdn will be recorded on your clients’ credit file and it’s possible some customers may notice. This will have no impact on their credit score. It just represents us meeting our obligations to apply the highest standards of responsibility to ensure we have robust records.

We’ll not be writing to your customers. This is a standard process for financial organisations. We just want to make you aware so that you could reassure any customer of this exercise.

It will be carried out on all customers and we believe the majority of them will not notice or want to take any action. However, should you have any questions please discuss with your usual abrdn contact.