AML solutions for the education sector

Digital onboarding, AML screening and in-life monitoring of your donors or students

Until recently, educational institutes – in the UK at least – have not been subject to the same scrutiny for money laundering as other profitable sectors. However, numerous money laundering cases have revealed that paying for the education of children of corrupt PEPs is a regular bribery method. Significant reputational damage has also resulted to universities that have accepted donations from high-risk individuals.

According to the latest UK Independent Schools Council census, more than 55,000 pupils at its members schools come from overseas, including more than 2300 Russians, 1400 Nigerians and almost 550 from Central Asia. Whilst the majority of parents are choosing UK schools from legitimate sources of wealth, there is a risk that this is not always the case.

Similarly, an investigation by The Times earlier this year found that at least 49 universities had allowed students from countries considered to be at high risk of money laundering to pay £52 million of fees in cash over a five year period.

Recognising that the reputation of an educational establishment built over decades or even centuries can be lost overnight by accepting a toxic donation or payment is key to recognising the protection that can be gained from utilising RiskScreen.

RiskScreen helps universities (including Liverpool & the London School of Economics) and fee-paying schools around the world check that donations, endowments and fees are not sourced from or involve individuals that are sanctioned or otherwise represent a reputational risk to them. Our technologies help educational establishments achieve optimal compliance and reputational risk management. Get in touch with our experts for advice on compliance with AML regulations tailored to the specific needs and structure of your organisation.

The RiskScreen ecosystem

The RiskScreen AML platform provides an end-to-end solution for your management and protection against financial crime. Choose single or multiple modules, as your organisation requires.

Save weeks of work by conducting digital identity verification of individuals, as well as full KYC and KYB screening checks through your dedicated web portal and mobile app.

The risk levels you decided at onboarding can then carry through to your ongoing screening and monitoring.

AML screening against sanctions, PEP and watch list data – as well as adverse media – to establish your customer’s risk level.

Screen as a one-off at point of sale or pre-onboarding, then follow this up with ongoing scheduled batch screening across your customer base – so you’re alerted about changes, and can be confident in your exposure.

Revolutionise your decision making with RiskScreen’s in-life monitoring modules.

Turn your existing static and dynamic customer information into hot data for real-time risk analytics and reporting with our truly transformational approach to data and risk management.

Further reading


Danske Bank: What went wrong?

It is hard to imagine that a bank is capable of laundering hundreds of billions of euros in just eight years. The Danske Bank scandal


Smarter screening: a how-to guide

What sources should I screen against? Unless businesses in your sector and jurisdiction are required by regulators or the law to screen against a specific

Find out why RiskScreen is the smarter way to combat money laundering

At RiskScreen we work with hundreds of companies around the world from a wide range of sectors – both regulated and unregulated.

Any screening technology is only as good as its underlying data. That’s why we work to find the best providers, ensuring you get screening matches you can trust.


The latest news, commentary and events from RiskScreen. For industry insight, visit our AML insight hub, KYC360.

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RiskScreen was founded by experts in financial crime. It’s because of this unrivalled subject matter expertise that companies choose to partner with us.