AML Software for Bookkeepers

Anti-Money Laundering (AML) regulations are an important part of every practice. The complexity of AML compliance, can be daunting, with the potential to induce cause stress for even the most experienced practice owners. If you’re thinking about how to use software in your firm to give you more confidence, we think you’ll love this episode. We speak to Keven Lord of Firmcheck about AML Software for Bookkeepers and how this can be a game-changer in your practice.

The Fear and Complexity of AML Compliance

We discussed the fear associated with AML compliance. Bookkeepers and accountants simply want to do the right thing. As a qualified bookkeeper or accountant, we know that you are aware of the regulations you work within but the rigorous demands of professional bodies have grown and we’re seeing a great deal of anxiety in the profession. This episode shares experiences of inspections that, despite being compliant, resulted an emotional toll .

AML Software for Bookkeepers

Firmcheck aims to simplify AML processes through a centralised management software. Building AML software into your everyday process as a bookkeeper hugely reduces anxiety, and software like Firmcheck aims to enhance understanding and visibility over AML duties, as well as boosting your confidence.

Educational Gaps and the Role of Professional Bodies

We discussed gaps in communication and education from professional bodies regarding AML expectations. We discussed the need for clear, concise guidance and the role software providers can play in bridging the educational divide. By taking the lead in offering comprehensive training and resources, software solutions like Firmceck are empowering bookkeepers and accountants with the knowledge to tackle AML challenges confidently.

We hope you’ll find this episode practical and reassuring.

Tune into this episode of The Bookkeepers’ Podcast wherever you listen, or catch the video replay on our YouTube channel.

AML Foundations Training

If you’re interested in your AML duties we think you might like the recent training series we recorded. Rebecca Williams joined us in a 4-part series to discuss AML Foundations. You can watch the full training series on a dedicated YouTube playlist here.

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