AML is an abbreviation of Anti-money laundering. The landlord or agent must satisfy the Proceeds of Crime Act 2002, Terrorism Act 2000 and Money Laundering Regulations 2007. Completing accurate due diligence is vital for any business that has to comply with Anti Money Laundering regulations and these checks are an essential part of ‘Know Your Customer’ (KYC) policies and have become a legislation to landlords taking rent from tenants. They are becoming increasingly important when preventing identity theft, money laundering and financial fraud.