Glossary · Industry
AML in Forex and Brokerage
Brokers are attractive to launderers because funds can be deposited, traded and withdrawn quickly across borders. AML programmes must screen clients, understand source of funds and monitor deposits and withdrawals for patterns inconsistent with the trading profile.
What KYC and AML controls look like in brokerage
- Sanctions, PEP and adverse-media screening at onboarding and daily.
- Source-of-funds and source-of-wealth assessment.
- Monitoring of third-party deposits and rapid in-out flows.
- Case management and reporting.
Common challenges
- Clients from dozens of jurisdictions.
- Aliases and transliterated names.
- Reconciling identity, screening and trading data.
How IDWise supports brokerage
The Continuous Trust Platform is configured to the regulator and risk profile of each brokerage customer, combining the modules below in one journey with a complete audit trail.
AML, PEP & Sanctions Screening →Questionnaire & Risk Engine →Case & Verification Management →Analytics Portal →
Frequently asked questions
What AML checks do brokers perform?
Screening, due diligence on source of funds and ongoing monitoring of activity.
Do brokers screen continuously?
Yes, clients are re-screened as sanctions and PEP lists update.
How is source of funds assessed?
Through structured questionnaires with supporting documents for higher-risk clients.
Related terms
See how IDWise applies this in practice.
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