AML and client due diligence
Fyling keeps your practice's anti-money laundering records in one place: the practice-wide risk assessment, each client's risk assessment and due diligence, screening against the UK Sanctions List, PEP statements, internal suspicion reports and staff training. Your practice makes every decision; Fyling keeps the record of it.
What it does for your practice
- The practice risk assessment and each client's checks in one place.
- A record of the evidence seen for each client, with its date.
- Clients and their officers screened against the UK Sanctions List; a confirmed match blocks work.
- Internal reports go to the MLRO, who alone sees the decision.
- Training records and review dates for every member of staff.
- Changes to risk assessments, due diligence and sanctions decisions are recorded with who and when.
How it works
- 1
Write your practice's risk assessment once, starting from example wording your MLRO changes.
- 2
For each client, record the risk assessment and the due diligence you carried out.
- 3
Screen the client and its officers against the UK Sanctions List, and record each person's PEP status.
- 4
Fyling flags clients due for review, and changes that call for a fresh look.
- 5
Export the records when your supervisor asks for them.
Who it is for
Practices supervised for anti-money laundering, and their money laundering reporting officers, who need every client's checks on record and easy to produce.
Your practice stays the filer. Fyling is the software your team uses to prepare, check and send the work.
Questions
Does Fyling decide who passes a check?
No. Your practice decides and records the outcome. Fyling keeps the record of what you entered.
Who owns the policy wording?
Your practice. The example wording is a starting point for your MLRO to change.
Who can see an internal suspicion report?
The MLRO and the deputy MLRO see every report and record decisions. Anyone else sees only the reports they raised, without the decision.
Can I export the records?
Yes. The AML records export gives your supervisor what they ask for in one file.
Works with
Director identity verification
Identity checks, personal codes and PSC verification windows across your clients.
Engagement letters
Proposals and engagement letters from your own wording, signed online.
Client approvals
Client sign-off on each filing, tied to the exact figures they saw.
Step by step: AML records and risk assessments · Everything Fyling does