AML screening for accountants and bookkeepers.
Supervisor
Your professional body (such as ICAEW, ACCA, AAT, CIMA or ICAS), or HMRC if you aren’t a member of one.
Who you’ll screen
- Individual clients
- Company clients, their directors and beneficial owners
- Trustees and settlors where you act for trusts
- New clients at onboarding, then everyone on an ongoing basis
The risks
What supervisors look for in your sector.
Company structures
Clients who own or control companies can obscure who really benefits. Supervisors look for screening of beneficial owners, not just the company name.
Long relationships
Many clients stay for years. A check at onboarding says nothing about a designation made since.
Small teams
The MLRO is often a partner with a full client list of their own. Manual searches and screenshots don’t scale and don’t survive a file review.
How FirmScreen fits
The screening part of your procedures, done and recorded.
- 01Add directors, shareholders and beneficial owners to a company client; each is screened and monitored, and counts in the risk rating.
- 02Every client re-screened daily by default, so a designation after onboarding opens a case the next morning.
- 03A firm-wide risk assessment (reg 18) drafted from your own client base, with suggested wording.
- 04A fingerprinted evidence pack per client, ready for an inspection visit or file review.
No. It covers screening, monitoring, risk rating and record-keeping. Identity verification and the decision to act for a client stay with your firm and its procedures.
Yes, in batches of up to 500 from a spreadsheet. Each client can then be added to ongoing monitoring.