CLOUD ACCOUNTING SOFTWARE
CCH iFirm AML
Discover the seamless integration of CCH iFirm AML, with your existing CCH Central software. Our easy-to-use system and cloud-based platform offer unparalleled efficiency. Make CCH iFirm AML your trusted partner for AML compliance.
Discover automated AML compliance
Control your firm's AML practices with an all-in-one solution that not only saves you time but also fortifies your defenses against money laundering.
Unify and streamline your AML duties across your entire firm with CCH iFirm AML, integrating seamlessly with your existing CCH Central software. This powerful integration not only saves your precious time on compliance work but ensures you minimise risks, safeguarding yourself, your firm, and your staff from potential dealings with criminals.
Revolutionise your AML compliance practices with CCH iFirm AML—your trusted partner in the fight against financial crime. Explore the future of cloud-based anti money laundering solutions tailored for accountants.
CCH iFirm AML + Biometric KYC checks workflow
CCH iFirm AML + Biometric KYC checks workflow
Save Time with an Integrated System
Seamlessly integrate data into CCH Central, reducing the need for rekeying information into a separate system and avoid duplication of effort.
Happier Clients and Staff
Clients are onboarded quicker and easier with less hassle for both your existing clients, new prospects and the MLRO and admin staff.
Comprehensive Data Sources
CCH iFirm is powered by some of the most trusted names in AML and data verification, ensuring protection for you and your business.
Cloud-Based Solution
Enjoy the flexibility and accessibility of a cloud-based solution, empowering you to manage AML compliance from anywhere, anytime.
Our product overview explains how our feature-rich AML solution can support accounting practices in:
- - Saving time with integrated systems.
- - Using comprehensive data sources in CCH iFirm AML to protect you and your business.
- - Enjoying the flexibility of a cloud-based anti money laundering solution.
- - Simplicity and time savings with an end-to-end solution.
Explore the four modules within CCH iFirm AML
CCH iFirm AML Data Checks
Run quick and easy AML checks from CCH Central to verify your clients’ information yourself, with reports syncing to CCH Document management.
How it works:
- Verify the name, address, and date of birth of your client against government sources and leading credit bureaus.
- Check your clients for any PEPS, sanctions, adverse media, and mortality records.
- All of this, within an average of 15 seconds, using data from CCH Central.
CCH iFirm AML + Biometric KYC Checks
CCH iFirm AML + Biometric KYC uses thousands of instant checks for liveness, facial structure and lighting. It also compensates for age and facial hair changes—guaranteeing that the person being verified is a real human being and they are who they say they are.
How it works:
- Select the client or contact in CCH Central. A text message is then automated to start the verification process.
- We scan the client ID, supporting over 16,000 ID types and capturing your clients’ details. The client then takes a selfie.
- We verify name, address, and date of birth, against credit and government sources, as well as PEPS, Sanctions, Mortality, VPN use and adverse media for extra peace of mind.
- CCH iFirm AML then confirms the client matches the ID, and the ID is not fake or tampered with. A comprehensive report is then generated, ready for download, and an automatic sync to CCH Document Management. This is all done in under 90 seconds.
CCH iFirm AML Ongoing Monitoring
The ongoing monitoring module runs daily automatic PEPS, sanctions, and adverse media checks on individuals based off your client list within the CCH suite.
Features include automatic email notifications to stay on top of any possible matches; commenting and date and time stamps for audit trail purposes; sync to CCH Document Management; plus, bulk enrolment and activation.
How it works:
- Activate Ongoing Monitoring at the same time you’re running a data or biometric check.
- Or, bulk upload clients from CCH Central to CCH iFirm, and bulk enable Ongoing Monitoring, therefore enrolling your client base in a few clicks.
- Clients and contacts are screened against a comprehensive data set for PEPS, Sanctions, and Adverse media automatically every day.
- Any matches are flagged to you in app and via email, users can then review potential matches, add comments and mark them as true or false. True match documents are then synced to CCH Document management.
CCH iFirm AML: KYB
The perfect companion to AML KYC checks, Know Your Business (KYB) easily sources business information and identifies persons of significant control (PSCs) and ultimate beneficial owners (UBOs). This ensures you know who’s running the business and you’re keeping compliant with AML law.
How it works:
- Select a LTD company or LLP in CCH Central and click Run AML Check.
- CCH iFirm AML looks at the business’ CRN number (if provided) and name (if no CRN provided), and asks you to confirm which business you’d like to run the check on.
- CCH iFirm AML will then create a KYB report detailing the company registration details, the company officials, and shareholders.
How CCH iFirm AML works
CCH iFirm AML is your complete AML solution that seamlessly integrates anti money laundering checks for CCH Central users into one centralised database.
Integration with CCH Central
In today's fast-paced business landscape, managing anti money laundering (AML) obligations can be an arduous task. Wolters Kluwer UK is proud to present an AML solution that seamlessly integrates with your existing CCH Central software, ensuring a comprehensive and efficient approach to AML compliance.
With CCH iFirm AML, you can now manage all your AML duties across your practice with one integrated AML software cloud solution, saving you time on compliance work. CCH iFirm AML integrates seamlessly with CCH Central, eliminating the need to retype data into a separate system. Once the AML checks have been run within CCH iFirm, the PDF results, including a pass/fail, are synced to CCH Document Management or readily available to download from the CCH iFirm Portal.
On-Demand Webinar
CCH iFirm AML: anti money laundering cloud software for accountantsJoin us for an informative and interactive webinar tailored to accountants who seek to fortify their practices against financial crime and ensure regulatory compliance.
Frequently Asked Questions
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What is AML?Anti-Money Laundering (AML) refers to the set of laws, regulations, and procedures designed to prevent the illegal generation of income through financial systems. It aims to detect and deter activities that could facilitate money laundering or terrorist financing.
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Who can use CCH iFirm AML?CCH iFirm AML is our cloud-based anti-money laundering software for accountants, it is designed for CCH Central customers, specifically tailored to meet the anti-money laundering needs of UK accountants.
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What is a risk-based approach to anti money laundering?A risk-based approach involves assessing and managing the risks associated with money laundering. It allows organisations to allocate resources more effectively by focusing on higher-risk areas and ensuring a proportional response.
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What is AML fraud?AML fraud refers to fraudulent activities that attempt to circumvent or manipulate Anti-Money Laundering processes for illegal financial gains.
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How do I monitor AML?Monitoring AML involves actively overseeing transactions and customer activities to identify and report any suspicious or potentially illicit behaviour, along with any ongoing changes to a client status.
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What are the benefits of KYC?Know Your Customer (KYC) helps businesses verify the identity of their clients, assess potential risks, and prevent illegal activities by ensuring transparency and accountability.
Why choose CCH iFirm AML for anti money laundering compliance?
Awards and Recognitions
Innovative Accounting Technology
CCH iFirm AML
Accountancy Awards 2024
- Best SaaS Newcomer
- Best SaaS for Improved Productivity
- Best SaaS Product for Business Accounting or Finance
- Best SaaS Product for Management Accounting and Budgeting’ Award
CCH iFirm AML
The 2024 SaaS Awards Shortlist
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