Money laundering isn't a niche problem — the UN Office on Drugs and Crime estimates 2–5% of global GDP, roughly US$800 billion to US$2 trillion, is laundered annually, and Europol has found that more than 70% of EU criminal networks use laundering techniques as part of their operations. AUSTRAC alone recorded over 400,000 suspicious matter reports in 2023, a 15% increase year-on-year. Demand for effective AML solutions is only growing, and it's exactly why firms across compliance, accounting, and legal advisory increasingly look to partner rather than build screening capability from scratch.
Why do firms need effective AML measures in the first place?
To ensure regulatory compliance and avoid the penalties that follow from failing to meet it, to protect the integrity of the financial system their clients operate in, and to build genuine customer trust through a visible commitment to preventing financial crime — not just satisfying a regulatory minimum.
Which types of firms typically partner with MemberCheck?
Three main groups. Compliance and regulatory consulting firms — offering ready-made AML screening as part of their existing advisory work, generating additional revenue without building a screening platform in-house. Accounting and auditing firms — integrating compliance checks directly into their audit workflows, particularly relevant as Tranche 2 obligations now apply to accounting practice directly. Legal and corporate advisory firms — providing automated due diligence and KYC screening as part of their own client service, rather than treating compliance as a separate, bolted-on function.
What do firms actually gain from the partnership?
Market differentiation in competitive RFPs, where the ability to offer integrated AML screening is increasingly a genuine deciding factor. An enhanced service portfolio that addresses client compliance needs directly, rather than referring that work elsewhere. And revenue generation through referral or white-label arrangements, turning a compliance capability the firm needed anyway into a value-add service line.
See MemberCheck's partnership page for the full programme structure, eligibility, and how to get started.
