Our experts have created this money laundering information hub to help you learn more and keep up to date.
Discover more from a selection of money laundering insights articles written by the AMLCC founder and money laundering expert, Richard Simms. Find answers to your AMLCC product FAQs and AML regulation FAQs. Read more detailed money laundering information and background in our AML law and guidance section.
AMLCC product questions
You’ll receive an email with your login details 5-10 minutes after submitting the registration form. Always check your junk mail if you’ve not received them in this timeframe. If you’ve still not received the email, contact the AMLCC team who will be able to help you.
You will receive 2 separate logins in total:
Firm login: This is emailed to you after your registration has been successful. You will need to use the Firm login to set up your firm details and create your MLRO logins. However, please note this is not your own individual account. This is mainly used for your initial set up of AMLCC and / or the MLRO’s details need to be edited.
MLRO login: This is created as part of your firm’s initial setup in the system. It gives the MLRO access to their own specific training videos, enables them to see which staff members have completed their training and also to receive reports from employees that need to be sent as a SAR. If you are a sole practitioner, you will only need to set up the MLRO login through your Firm account – you will not need a staff login as well. In the day to day use of the system, you will use the MLRO / employee logins as appropriate (not the firm login).
Staff login: Each employee at your firm will have their own login details in order to be able to complete their training and upload their own clients (if applicable).
The product comes with access for the firm, the MLRO and 3 employees. If you require more employee logins, you can purchase additional Users by ordering online.
If you know your username, you can click the forgotten password link on the login page, enter your username and click “Email password”. A password reset link will be sent to the email associated with that username. If you don’t know your username you’ll need to contact the AMLCC team who will be able to help you.
In addition, your MLRO can also send a password reset link. To do this the MLRO needs to login, go to the Admin header and then click on “Staff”. This will show all of the details for that particular login including their username. The MLRO will be able to select “change password” which will then send an email to the particular user to reset their password.
Each separate User can change their login username to something more memorable. To change your username, login and then click on “Personal Details”. If you wish to change your password, please contact the AMLCC team.
AMLCC will send out 3 automatic email reminders to their users. The first one being one month before the expiry date, followed by one week before the expiry date and lastly on the day the account has expired.
Yes, you will need to register with the ICO under the Data Protection Act as the act regulates the use of “personal data” which covers obtaining, recording and holding the data.
You’ll need to add a paragraph to your current letter of engagement to advise clients that you might carry out online verification on them for AML purposes. You do not require their permission for this but you do need to make them aware that these checks may happen.
The online client identity validation tool is provided by Equifax and produces online address validations for residents in the UK. We have a link to the Equifax database from our members’ website, enabling you to run online validations using the AMLCC system once you have registered.
The online client identity validations cost from £1.65 to £3.95+VAT each. If you think you’ll require multiple identity validations, you can purchase them in bulk, with discounts available for purchases of 50, 100, 250, 500 or 1000. Please see the Registration page for details.
Yes, you simply go to the “Upload Clients” tab and download the upload template. There are instructions for this on the template, once completed make sure the file is saved as a CSV file and simply upload it to the website.
Yes, you can! We believe you should have control of how you assess your clients.
If you want to mitigate a high-risk outcome you simply click “Update Risk Assessment”, locate the high-risk question (in the section key at the top this will be shown by a red flag as to where the high-risk answer lies), and from the drop-down select “Risk Mitigation Accepted”. Once you’ve done this simply reassess the client to change this outcome.
Remember to always document your thought process as this is your best line of defence if you’re ever investigated. Staff members are unable to change the outcome, they can only request from the drop down to mitigate the risk but the MLRO has to make the final decision.
If you have many similar types of clients and want to save time risk assessing them, you can purchase a template or templates (depending on the number of different clients you have) and pre-fill in a model set of answers. You can then simply upload the model set of answers to each client to make your compliance easier.