A major anti-money laundering milestone has been met, with Thirdfort announcing that more than three million people have been verified through the platform on behalf of over 1,500 conveyancers, lawyers, estate agents, accountants and other regulated firms.

The client due diligence platform that combines Know Your Client (KYC), Anti-Money Laundering (AML), and Source-of-Funds (SoF) verification, has seen demand its services surge amid escalating fraud and money laundering risks.

Money laundering is estimated to cost the economy more than £100bn annually. HM Treasury’s 2025 National Risk Assessment (NRA) of Money Laundering and Terrorist Financing identifies the property, legal, and finance sectors as having significant money laundering risks.

Friction and fraud reduction

Olly Thornton-Berry, co-founder and Managing Director at Thirdfort, said: “Reaching three million verified users is a major milestone for Thirdfort, but it only scratches the surface of the problem we’re tackling.

“The compliance burden on regulated professionals is increasing across legal, property and financial services. Our technology makes compliance simple, secure and effective – reducing both friction and fraud.”

This achievement clearly demonstrates the platform’s growing role in protecting the UK’s regulated sectors from fraud and money laundering, particularly at a time when agents are trying hard to navigate recently changed AML guidance.