When you’re buying a property, your solicitor or estate agent must verify where your money comes from.
This process is called an AML check (Anti-Money Laundering check) — and it’s a legal requirement for all large financial transactions in the property industry.
Why It’s Needed
Property purchases involve large sums of money, so solicitors and agents are required by law to make sure the funds are legitimate and traceable.
If your source of funds can’t be verified, the transaction may not go ahead.
✅ In short: connecting your account helps prove your money is legitimate and keeps everyone compliant with the law.
Who Needs This?
All clients — whether through a solicitor, estate agent, or broker — must complete an AML check.
It’s your responsibility as the client to provide enough evidence and information to verify your funds.
🧾 What Is an AML Check?
An AML (Anti-Money Laundering) check confirms your identity and the source of your funds before money is transferred or invested.
It’s a legal requirement under both UK and international regulations, which apply to:
Law firms
Estate agents
Financial institutions
Do You Store My Login Details?
No — Checkboard never stores or sees your banking credentials.
When you connect through Open Banking:
You’re redirected to your own bank’s app or website.
Checkboard only receives a secure, read-only digital statement — nothing else.
Your login and password never leave your bank’s system.
How Checkboard Handles This Securely
Checkboard uses government-backed Open Banking technology to access your statements digitally in minutes — no paper, no waiting, no manual uploads.
If you prefer not to use Open Banking (or your solicitor doesn’t allow it), you can upload photos or PDFs of your bank statements instead.
⚖️ Checkboard is regulated by the Financial Conduct Authority (FCA).
Your data is handled safely, securely, and only for the purpose of verification.
🧠 Quick Summary
AML checks are mandatory by law to prevent fraud and money laundering.
Connecting your account provides secure, digital proof of your funds.
Checkboard never stores your banking credentials.
You can use Open Banking or upload statements instead.
All activity is FCA-regulated and compliant.