---
title: If a lender does credit checks, does that satisfy AML requirements?
description: If a lender does credit checks, does that satisfy AML requirements - No.
---

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# If a lender does credit checks, does that satisfy AML requirements?

## No, credit checks assess ability to repay and serve a different purpose.

No. Credit checks and AML CDD serve different purposes:

- A **credit check** assesses the customer's ability to repay - their credit history, defaults, current credit exposure.
- An **AML CDD** assesses identity, beneficial ownership, PEP/sanctions exposure, and money laundering risk.

A lender performing a credit check is performing their own credit risk assessment. It doesn't discharge any other party's AML/CTF obligations. A real estate agent or conveyancer cannot rely on the lender's credit check to satisfy their own CDD requirements - they must perform their own checks, or formally rely on another reporting entity's CDD under a written reliance arrangement (see §5 of this file).

For the customer-facing summary, see HubSpot KB: [https://knowledge.easyaml.com/common-customer-due-diligence-questions](https://knowledge.easyaml.com/common-customer-due-diligence-questions?hsLang=en-au)

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