A debit card
Apr 2022 | Fraud Prevention | Commercial Risk, Fraud
By Posted by Grant MacDonald

Money launderers are exploiting frailties in the system to wash billions of pounds worth of illicit transactions through the UK economy each year

But there’s a number of ways we can spot these suspicious organisations.

Watch the video to uncover the typical characteristics of a money-laundering business and see how when applied together they helped to uncover a genuine criminal business.

Using our bureau data, Experian has profiled the typical characteristics of a money-launderer, which can be used to identify suspicious businesses and uncover financial crime. Individually, these markers may not raise suspicion and may go undetected by the lender. When applied holistically using Experian data, the multiple red flags offer previously unavailable context, indicating serious cause for concern and likely money-laundering.