Hayley Howard
Partner
H & B Accountancy Services
We’ve traditionally used a manual system of spreadsheets and physical documents to manage our anti-money laundering compliance. This included a face-to-face meeting to identify someone.
It was time consuming to say the least.
But streamlining this process wasn’t as easy as we’d hoped. We initially signed up for quite an expensive online platform that promised it would cover all our legal AML obligations. But it turned out that all it did was check identities digitally. This wasn’t enough to keep our business protected.
“AMLCC makes AML painless”
AMLCC looked like it would make our lives easier – and it does!
I was shopping around for a complete AML solution when I came across AMLCC. It was reasonably priced – especially compared to the company we were using – and it looked like it was going to make our lives easier, as well as doing everything it needed to keep us protected. When I called for a demo, I was impressed by the way the system could link our whole business’ AML work together.
We’ve used AMLCC for a number of years now and I can honestly say that it makes AML painless.
Not only does it have the online ID checking service and Sanctions and PEP monitoring that the previous company did, it has everything else we need too. And it’s all in one place, so everything’s connected and organised.
It’s a one-stop-shop for AML
Onboarding is so much easier with AMLCC. We use the Reusable Client Profiles because many of our clients are similar. We have one template set up for each client type – limited companies, personal tax, for example. This does most of the work by autofilling questions that are the same for that client type. Then all we do is make any changes to fit the client’s individual situation. It takes minutes.
I think the biggest difference compared to our previous solutions is that the owners of AMLCC are AML experts and have been regulated professionals themselves. So when you speak to customer services, you know you’re getting the best information.
Their expertise also means they update AMLCC’s questions and wording in line with new legislation and regularly introduce enhancements to the platform, which I think is a real selling point. I’ve actually made a functionality suggestion to them myself that they’ve incorporated into one of their updates. This is a level of attention that I’ve never experienced before from a software provider.
What others have said
“We had the man from the ICAEW here yesterday to carry out a QAD practice review. We got a clean bill of health – not a single action point…That is in no small measure due to AMLCC so I just wanted to say ‘thank you’”
“Thank you for such a perfect and informative [solution]. You have given me a clear direction for my AML training and CPD.”
“I just wanted to say ‘thank you’ to you, Richard, and all the team at AMLCC for providing a service that really does minimise the burden of AML compliance.”
“What a refreshing pleasure working with a company who actually listens to the feedback from their customers and communicates with them!”
“Your team they have been excellent from the moment Fiona did a demo for me with only 15 minutes notice, and thoroughly going through the AMLCC product, answering the many questions I had! It was at this point at which I made up my mind this is the sort of business I want to work with for my AML.”
Making compliance easier
