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AML Centre: Collateral

TaxCalc's Anti-Money Laundering (AML) Products helps accountants bookkeepers and other finance professionals meet their obligations under the Money Laundering Regulations which apply to their clients and their Firm.

We have collated all the information we think you'll need to get started on the setting up using and reporting within the module as well as general terms and information so that you can meet the obligations set out by the Money Laundering Regulations.

Getting Starting with AML Centre

These articles provide a guide on how to use the AML Centre. For collated information on AML Identity Checks please refer to AML Identity Checks: Collateral.

General Usage

  1. Getting Started with Anti-Money Laundering (AML)
  2. How to customise Client Risk Assessment?

Regulations

  1. Who should I be supervised by for Money Laundering Regulations?
  2. Who does the Anti-Money Laundering regulation apply to?
  3. What are my firm's responsibilities to comply with Anti-Money Laundering (AML) regulations ?
  4. What additional obligations are required from regulated firms?
  5. Where can I find the AML Policies and Procedures document?
  6. What is the purpose of the Policies and Procedures?

Roles

  1. What is the role of Office for Professional Body AML Supervision (OPBAS)?
  2. Does the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) supervise the accountancy sector?
  3. What is Office for Professional Body AML Supervision (OPBAS)?
  4. What are the requirements to become a Beneficial Owner Officer or Manager (BOOM)?

General Information and Terminology

  1. What is tipping off?
  2. What is the penalty for tipping off?
  3. Does the offence of tipping off only apply to persons in the regulated sector?
  4. What are the secondary offences under the Money Laundering regulation?
  5. What are the legal responsibilities of an accountant to report suspicions?
  6. What is Money Laundering?
  7. What should a Beneficial Owner Officer or Manager (BOOM) do when they become subject of a relevant criminal conviction?
  8. What is the AML stipulation on spent convictions?
  9. What happens if a Beneficial Owner becomes a subject of a criminal conviction?

Usability

  1. How can I see whether identity evidence has expired?
  2. Can I run a Sanctions check via AML Centre?

Electronic Verification

  1. What are some of the important factors to consider when using the information mined from electronic databases?
  2. What is an Anti-Money Laundering electronic verification?
  3. Can electronic identification be used as the only source of verification?
  4. What are some of the merits of electronic verification?
  5. Does information from electronic databases qualify as acceptable form of verification of clients’ identities?
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