IRIS Elements Anti Money Laundering (AML) helps you keep your practice compliant with anti-money laundering regulations for the United Kingdom (UK).
Watch our video to learn how IRIS Elements Anti Money Laundering (AML) works:
Video length: 2 minutes and 35 seconds
Manage Your Practice
Use IRIS Elements Anti Money Laundering (AML) to:
- Help you identify key risk indicators by completing a risk assessment for your practice
- Add details of your compliance officers (Money Laundering Reporting Officers (MLROs), Data Protection Officers, and so on) and any beneficial owners, officers, and managers
- Create and store any policies and procedures identified in risk assessments
- Record memberships your organisation has with professional bodies
On an ongoing basis, personal development events in line with MLR17 requirements can also be recorded.
Run Assessments and Reports for your Clients
When you get a new client you can run assessments and reports to help verify their identity and make sure they are compliant.
Before you get started, we recommend reviewing the Know Your Client (KYC) assessment and risk assessment templates.
After reviewing the templates, you can:
Choose from the following topics: