Construction Compliance Made Simple
Build with confidence. Handle large payments and cash transactions while staying fully compliant with AML regulations. No more guessing about payment limits or worrying about dirty money.
🏗️Large Payment Verification
Verify source of funds for construction projects that often exceed £10,000 thresholds. Handle staged payments, progress payments, and final settlements with complete transparency.
💷Staged Payments Handled
Remove the complexity and compliance unsurety with handling staged payments and progress billing with automatic compliance tracking for total volumes of money processed
📊Project-Based Risk Assessment
Assess risk based on project type, location, and customer profile. Automatically flag high-risk scenarios and provide guidance for enhanced due diligence.
📈Regulatory Threshold Monitoring
Stay ahead of regulatory thresholds as construction costs rise with inflation. Proofenance adapts to changing threshold levels and ensures ongoing compliance.
The Inflation Compliance Crisis
Construction costs are rising faster than regulatory thresholds. What was once a small renovation is now easily exceeding the £10,000 threshold, putting builders at risk of non-compliance without even realising it.
| Year | Regulatory Threshold | Typical Bathroom Renovation | Status |
|---|---|---|---|
| 2023 | £10,000 | £8,500 | Below threshold |
| 2024 | £10,000 | £9,200 | Approaching threshold |
| 2025 | £10,000 | £10,800 | Above threshold - Requires compliance |
| 2026 | £10,000 | £11,500 | Well above threshold - High compliance risk |
2023
Below threshold2024
Approaching threshold2025
Above threshold - Requires compliance2026
Well above threshold - High compliance riskDon't wait until you're already non-compliant. Start protecting your business today.
Get Protected NowMeeting Construction Standards
Modern construction standards require more than just quality work - they demand transparent financial practices and proper client verification. Stay ahead of the curve with automated compliance.
FIDIC Standards
International construction contracts that require transparent payment verification and financial due diligence.
Requires verification of client financial capacity and payment source validation.
JCT Contracts
Joint Contracts Tribunal standards widely used in UK construction with strict payment verification requirements.
Mandates clear payment trails and client identity verification for all major projects.
NEC Contracts
New Engineering Contract standards emphasizing transparency and proper financial management.
Requires detailed payment verification and client financial assessment.
Building Regulations
UK building standards that increasingly require proof of legitimate funding sources.
Local authorities may require evidence of legitimate funding for major renovations.
The Real Cost of Non-Compliance
Accepting dirty money isn't just unethical - it's devastating for your business.The consequences go far beyond fines and can destroy everything you've built.
Criminal Liability
CriticalAccepting proceeds of crime can result in unlimited fines and up to 14 years imprisonment under the Proceeds of Crime Act 2002.
Business Closure
CriticalRegulators can shut down construction businesses found to be facilitating money laundering or accepting criminal proceeds.
Reputational Damage
HighAssociation with money laundering can destroy your business reputation and make it impossible to secure future contracts.
Loss of Professional Licenses
HighConstruction professionals can lose their licenses and certifications for failing to meet AML obligations.
Contract Termination
MediumClients and partners may terminate contracts if they discover you're not properly verifying payment sources.
Insurance Issues
MediumProfessional indemnity insurance may not cover losses resulting from AML compliance failures.
Protect your business before it's too late. Compliance is an investment in your future.
Start Protecting Your BusinessHow Proofenance Protects Builders
Customer Payment Request
Continue to use your existing invoicing and accounting systems - Proofenance integrates seamlessly with your existing workflows.
Proofenance Verification
Process payments with confidence. All compliance requirements are automatically handled and documented.
Get paid
The customer pays the invoice and the money is safely in your account.
We Handle the Record Keeping
AML regulations require you to keep records for 5 years. Proofenance automatically stores all compliance records for the required retention period, so you don't have to worry about storage, security, or retrieval.
Automatic Storage
All verification records, ID documents, and transaction details stored securely
Secure & Compliant
Bank-level security with full GDPR compliance and data protection
Instant Retrieval
Access any record instantly for regulatory audits or investigations
No more filing cabinets or digital storage headaches. We handle all the record keeping so you can focus on your construction business.
Why Builders Choose Proofenance
Perfect for Every Construction Business
Residential Builders
- Verify homeowners before starting major renovations
- Handle large kitchen and bathroom projects with confidence
- Process staged payments while maintaining compliance
- Protect against customers with suspicious funding sources
Subcontractors
- Verify main contractor legitimacy before accepting work
- Validate payment sources from construction companies
- Screen contractors against sanctions and watchlists
- Ensure payments aren't from criminal proceeds or money laundering
Specialist Trades
- Verify customers for high-value specialist work
- Process payments immediately after verification
- Protect against customers with criminal proceeds
- Focus on your craft while we handle compliance
Construction Companies
- Remote verification for project managers and site supervisors
- Seamless integration with existing project management systems
- Real-time risk assessment for all project payments
- Global compliance coverage for international projects
Build Your Construction Business with Confidence
Join leading construction companies who trust Proofenance for their compliance needs. Focus on building great projects while we handle the compliance complexity.