ACCOUNTANCY
AML
Global Financial Intelligence Enforcement Network is an all-in-one solution, offering flexible AML products for Auditing
accountants and tax advisory firms.
Complying with
AML regulations, audit-requirements efficiently.
Making AML Compliance Easy
Bank Auditors are particularly vulnerable to money laundering risks, so ensuring your AML procedures are fit for purpose is vital. The expertise of qualified accountants can be used to disguise illegal transactions, and make them appear legitimate – this is why the accountancy sector is often targeted by those who carry out financial crime.
The Global Financial Intelligence Enforcement Network offers an electronic customer identification and verification, as well as full sanction and PEP screening and ongoing monitoring. All AML checks are automatically saved in real-time, and can be retrieved on demand to support audits and regulatory visits.
Banks and Banking Auditors failing to comply with AML regulations can have severe consequences; these range from fines to court proceedings or even a prison sentence.
Global Financial Intelligence Enforcement Network helps you with your AML compliance so you’ll pass your audit, every time.
Services provided
Know your customer (KYC)
Electronically verify your customers and meet your due diligence obligations with the help of our automated facility for PEP and Sanction warning alerts.
A centralised solution
Our platform completes AML and KYC checks all in one place – and can even integrate with your existing system – streamlining your AML procedures and enabling you to verify your entire client base through one user-friendly interface.
Conduct your due diligence
Through our due diligence dashboard we ensure identification, verification and ongoing monitoring are completed on all your customers ensuring you can remain fully AML compliant at all times.
Manage monitoring
Our daily monitoring service takes updates from the world’s most accurate and up-to-date PEP and Sanctions list in the world so we can alert you if any of your client’s statuses change.
Mitigate the risk of fraud
We offer a wide range of comprehensive anti-fraud services that can be tailored to create a bespoke fraud prevention solution for your business.
Evidence your compliance
With the Global Financial Intelligence Enforcement Network solution, you are always audit-ready. We can even retrospectively batch-upload existing customer bases to ensure a clean, compliant position.
RESTRICTIONS
Global Financial Intelligence Enforcement Network only deliver services to banks, you need a Bank authorization to be able to request services from the Global Financial Intelligence Enforcement Network
You authorize the Global Financial Intelligence Enforcement Network to perform an enhanced Due diligence check on your and the list of associates approved by the Bank or Member
The Global Financial Intelligence Enforcement Network reserves the right to refuse services even upon ratified request of a Member.
WHO WE WORK WITH
What kind of Auditing firms do we work with?
- Audits
- Pensions
- Advisory
- Tax
- Corporate Recovery & Insolvency
- Risk & Compliance
Auditing Tips
What are the top 3 tell-tale signs of suspicious activity for accountants to look out for?
According to Authorities there are three key tell-tale signs which accountants should look out for when trying to prevent money laundering. These are as follows: 1. If a long-term client or customer behaves oddly, or makes uncharacteristic requests. 2. A client or customer asks you to make financial arrangements which don’t make sense commercially. 3. A client or customer asks you to provide services which are outside your area of expertise, and does so on multiple occasions.
Who are the accountancy AML supervisory bodies?
There are some eighty different supervisory bodies responsible for monitoring the AML compliance of accountants, bookkeepers and other financial advisers all over the world. The supervisory body is dependent on local regulatory framework.
Do non Banking firms need to comply?
Yes, when delivering services to Banks and Regulated Market participants Auditors still need to ensure that they are AML compliant.
For more information request your sponsor Bank or Financial Institution Member for assistance.
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