Introducing IRIS Elements Anti Money Laundering (AML)

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IRIS Elements AML is an accountancy practice essential, ensuring compliance and providing peace of mind with onboarding, and throughout your relationship with your client.

You can run firm-wide risk assessments, suspicious activity reports, UK and international ID checks, manage your compliance officers, and ensure your policies and procedures are up to date. You can also manage your personal development and beneficial owners with a range of practice compliance features.

The IRIS Elements AML Checks product allows you to perform unlimited pay-as-you-go company and ID checks without committing to the full AML suite.

Onboard new clients your own way

Run AML checks to keep your practice compliant and get the answers you need with a customisable Know Your Customer checklist.

Suspicious Activity Reports (SARs)

IRIS Elements AML makes it easy for you to alert your Money Laundering Reporting Officer (MLRO) to any suspicious activity.

It captures all the details and supporting evidence required to create a Suspicious Activity Report (SAR).

Know Your Client (KYC) checklist

Use our default KYC questions, which cover all client types, or create your own checklists. View completed KYC assessments from the dashboard or directly in the client record.

Risk Assessment

Complete a yearly firm-wide risk assessment for your business to identify key risk indicators. Create and customise your own templates to suit your business and how you work with your clients.

Bulk ID Checks

Run an individual ID check at the click of a button. Or, run multiple ID checks in the background while you work. It’s that easy.

You can quickly set your filters based upon when the ID check is due to expire, the type of entity (prospect, client, contact) and the risk rating of the previous ID check.

Monitor the cost of ID checks before you submit, so you can budget accordingly.

Secure storage of identity documents

Upload and save copies of client ID documents for easy access and organisation.

All uploaded documents are scanned for viruses and malware, and are encrypted for security and peace of mind.

Introducing IRIS Elements Practice Management