“Now, what’s required is a lot more. They need to run an in-depth level of due diligence, seeing bank statements [from banks, to determine] what is moving in and out, asking clients specific questions, diligence checks on gifted money if the sum is specified as a gift. It’s a whole new kind of workflow that’s come into existence with AML going up.”

https://techcrunch.com/2022/03/07/uks-thirdfort-nabs-20m-for-tools-to-help-with-id-verification-and-detect-money-laundering-and-payment-fraud/