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KB Home / AML / Getting Started with Anti-Money Laundering (AML)

Getting Started with Anti-Money Laundering (AML)

Article ID: 2907
Last updated: 10 Jun, 2019

TaxCalc’s AML Centre helps accountants, bookkeepers and other finance professionals meet their obligations under the Money Laundering Regulations, which apply to their clients and their Firm.

AML Centre covers:

  • Firm-Wide Compliance – to identify and assess Firm-Wide risks, record internal controls and monitor progress of client due diligence.

  • Client Due Diligence – to create and manage clients or contacts identification, risk assessment, verification and suspicious activity report.

Select AML Centre from the TaxCalc Launch screen to access this functionality.

Depending on your requirements, select one of the following:

  • Firm-Wide Compliance

  • Client Due Diligence.

Your TaxCalc user account must be setup as a Money Laundering Reporting Officer (MLRO) or a Money Laundering Compliance Principal (MLCP) to access the Firm-Wide Compliance functionality.

The MLRO or MLCP has full access to Firm-Wide Compliance, such as:

  • Client Due Diligence

  • MLRO/MLCP

  • Supervisory Authority/Regulatory Body.

NOTE: For extensive information on using the AML Centre functionality please see our application help which can be accessed from TaxCalc > Help > Contents.

Article ID: 2907
Last updated: 10 Jun, 2019
Revision: 1
Views: 423
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folder AML -> AML Centre

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