Anti money laundering

25862

Gvc Services Limited (Cosmos, Cval these people say I did anti money laundering in November 2019 at my old address problem is I didn't live at my old address in November, I don't understand anti money laundering and I asked credit karma transunion disagree team but they said it not upto them yet I can't find who these people are help 

Ebe_Scrooge

How do you mean "They said" - did you receive a letter from them?  They likely don't suspect you of "doing anti money laundering", possibly "money laundering".  Money laundering is where the proceeds of crime are hidden - for instance, drugs money is used to place bets, the winnings are then withdrawn, thereby hiding the original source of the money (that's overly simplistic, but that's the principle).  Any company that handles money will usually perform anti-money-laundering checks as part of their due diligence - alerts are triggered when an unusually large amount of money suddenly flows through an account.  A common scenario is during a house purchase - if you suddenly have £100,000 going into your account and back out again a few days later, this would trigger an AML alert, which is why the funds are normally sent straight through your solicitor's account rather than your own personal account.

That aside, you need to get in touch with the people who contacted you, and find out a bit of background.

<Edit> Google threw up this, does it help at all?  It's probably nothing more sinister than a routine AML check by a genuine company.

https://forums.moneysavingexpert.com/discussion/3001812/help-please-money-laundering-product-on-my-credit-file

eskbanker

25862 said:

Gvc Services Limited (Cosmos, Cval these people say I did anti money laundering in November 2019 at my old address problem is I didn't live at my old address in November, I don't understand anti money laundering and I asked credit karma transunion disagree team but they said it not upto them yet I can't find who these people are help 

https://www.checkmyfile.com/jargon/anti-money-laundering-checks.htm explains that such checks are made for identity verification purposes and aren't in themselves anything to worry about.  If one was made against an old address then hopefully it would have resulted in a failure to verify, but is there anything else on your credit files (check all three) that might suggest otherwise?

In terms of who they are, GVC was a holding company (now renamed) owning betting brands like Coral and Ladbrokes, but I can't see an obvious connection with 'Cosmos' from there....

MaryNB

Do you mean someone did an anti money laundering check? Your post isn't very clear. 

Anti-money laundering checks
If so it's just a check to make sure you aren't involved in money laundering. I've been through anti-money laundering checks (although not checks that appear on my credit file). They're normal if you are dealing in large sums. I believe gambling firms often do them. Did you buy a house/car or have an account with a gambling firm. 
On companies house GVC Services Ltd was dissolved in November 2019. GVC Holdings (now Entain) owns a few gambing firms so seems like a check associated with opening an gambling account. 

PaulW922

An anti-money laundering check is very common. It confirms your identity and your address. It enables immediate account opening, instant credit etc, so can be a good thing for you. An AML check is not visible to other people - just you and the credit agency