Anti-Money Laundering Software: A look Beyond Client Due Diligence

How software can be used to facilitate, measure and enhance the efficiency of a firm's AML compliance programme

Anti-Money Laundering
Compliance
Accountants and bookkeepers are seen as the gateway to the financial sector. Money launderers look to engage the services of accountancy service providers in order to add a veil of legitimacy to their criminal business dealings. The Money Laundering Regulations set out the obligations put on Accountancy Service Providers (and other regulated sectors) in order that they help detect and prevent money laundering. In this session Lucy will take you through the regulations and illustrate how software can help accountancy and bookkeeping firms to not only fulfil their AML obligations but be able to demonstrate compliance to an external auditor.
Lucy Brown Candid Photo

A Deep Dive on Lucy

Lucy’s history is as a bookkeeper, running a successful practice. On selling the business Lucy worked for a supervisory body supporting members to meet their legislative obligations and satisfy professional standards. Lucy provided training, raised awareness, and advised members. Wanting to provide guidance and support on a wider scale Lucy and business partner, Mike set up Calathea Solutions in 2023.
Calathea Solutions Ltd is committed to helping accountants and bookkeepers ensure their firms are compliant with the money laundering regulations, to not only help protect the firms but also to identify and keep the money laundering actor out of the profession or using it to launder the proceeds of their criminal activity.