Anti Money Laundering Compliance Software

The problem
It is probably fair to say that a significant number of firms do not fully comply with the regulations as the Money Laundering Reporting Officer (MLRO) does not have the systems in place to highlight areas of non-compliance.  In any firm with more than a couple of staff and more than a handful of clients, it is extremely difficult, if not impossible, to monitor compliance solely using paper-based records.  One popular solution to AML compliance is to perform an ID check (manual or electronic) on client personnel but this alone is not sufficient to comply.

The solution - our new anti money laundering compliance software, Anti Money Laundering Compliance Plus
We are about to release a brand new, ground-breaking, product, Anti Money Laundering Compliance Plus, a simple to use and cost effective piece of software for accountants that provides a complete solution to anti money laundering compliance, including inbuilt electronic ID checks if required.

Like our PC Share Register Plus company secretarial software, our aim was to produce a software package that was intuitive and easy to learn and use.  The software not only deals with the recording of the whole raft of AML compliance, but guides the user as to what is actually required in order to achieve compliance.

The software has been written in association with a leading provider of UK Money Laundering Compliance expertise, SWAT UK Limited, in order for them to ensure that the software achieved all the objectives and to provide the expert help etc. within the software.

Click Here to read an article Anti-Money Laundering Compliance Software – Solving the MLROs’ Problems, by Mike Sturgess of Swat UK Ltd.

For more information, and to download a 'beta' version of the software prior to its official release, see our website at www.amlcplus.co.uk

Main features of the software:

• Extremely cost effective
• Intuitive to use
• Provides useful help/wizards to assist with compliance
• Includes assessment of "Risk"
• Determines what supporting ID is required for each entity and their associated individuals
• Allows the MLRO easily to identify, at an early stage, matters that require attention, thus avoiding non-compliance of AML regulations
• Identifies areas of non-compliance so that these can be remedied
• Includes an Integrated document management system allowing importing of existing documents held and also the scanning of paper supporting documents from scratch
• Fully integrated Electronic ID Checking at a very competitive cost - see Electronic ID Check
• Inbuilt free Companies House check of company data
• Includes comprehensive help on use of the software and technical help on Money Laundering compliance
• Full integration with PC Share Register Plus
• Easy import of client records from other software via generic CSV files
   

Ian Burgess FCA
BHIS Limited
www.bhis.co.uk