{"id":8069,"date":"2024-05-13T15:18:21","date_gmt":"2024-05-13T15:18:21","guid":{"rendered":"https:\/\/www.amlcc.com\/?post_type=amlcc_case_studies&p=8069"},"modified":"2024-06-05T12:06:24","modified_gmt":"2024-06-05T12:06:24","slug":"tim-pinkney","status":"publish","type":"amlcc_case_studies","link":"https:\/\/www.amlcc.com\/gd\/case-study\/tim-pinkney\/","title":{"rendered":"Tim Pinkney"},"content":{"rendered":"\n
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Tim Pinkney<\/h1>

Director of Professional Standards, Institute of Financial Accountants, UK AML Supervisor, Member of the Institute of Public Accountants Group<\/p><\/div>\n\n\n\n

Around 73% of members that the Institute of Financial Accountants (IFA) supervises for AML are sole practitioners. Being a sole practitioner can often mean they don\u2019t have the peer-to-peer support that\u2019s common in larger practices, and need extra support from us to navigate their AML responsibilities.<\/p>\n\n\n\n

Understandably, people get worried about their AML reviews. Failing can mean fines, reputational damage and, if the business doesn\u2019t improve, exclusion – so they can no longer legally act for their clients.<\/p>\n\n\n\n

To give businesses the best chance of compliant, we provide a lot of help and guidance about the practical steps they need to take to get there. But there\u2019s still no guarantee they\u2019ll get it completely right. That\u2019s where AMLCC comes in.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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\u201cAMLCC helps to build a compliance culture\u201d<\/h3><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
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There\u2019s nothing like AMLCC in the market<\/h2>\n\n\n\n

The AML market is a bit like the Wild West. I\u2019ve come across many platforms and software businesses that claim to be complete AML solutions. But AMLCC is one of the few I\u2019ve seen which actually covers all the aspects of AML and can help a business achieve better compliance.<\/p>\n\n\n\n

When Richard Simms first created AMLCC, I was involved in the development meetings, contributing thoughts on the features that we needed as a supervisor and passing on anecdotal feedback from users.<\/p>\n\n\n\n

From the very beginning, AMLCC has been a platform that makes it easier to build and demonstrate a compliance culture. You can see all the key elements of a business\u2019 AML on there: Have the AML PCPs been tailored, read and accepted by staff? Has everyone completed their training? Are you up to date with risk assessments? These are all central to achieving compliance.<\/p>\n\n\n\n

If we see a business is using AMLCC correctly, we know the review will be more straight-forward<\/h2>\n\n\n\n

If the business we\u2019re reviewing is using AMLCC, all they need to do is grant us access and we can perform their AML review using the read-only capabilities. That\u2019s a big plus for us.<\/p>\n\n\n\n

If a business can\u2019t demonstrate how it meets its legal AML requirements, we deem it to be non-compliant. We can see very quickly if a business has used AMLCC correctly. If they have, we know it\u2019s being proactive about achieving compliance.<\/p>\n\n\n\n

As an example, our reviewers will look at whether the business\u2019 AML PCPs have been tailored to its unique risks, or if they\u2019ve used the comment boxes to add details to their risk assessments. If they have, we know that business is engaging with its responsibilities.<\/p>\n\n\n\n

We actually train our reviewers to use AMLCC as if they were the accountant. This means they can give practical guidance if there\u2019s anything that needs to be done differently on the platform.<\/p>\n\n\n\n

Ultimately, when used to its fullest, AMLCC allows a business to tackle its AML responsibilities head on and stay on top of AML compliance. It also helps that business demonstrate its compliance to its regulator.<\/p>\n<\/div><\/div>\n\n\n\n

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What others have said<\/h3><\/div>\n\n\n\n
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“We had the man from the ICAEW here yesterday to carry out a QAD practice review. We got a clean bill of health \u2013 not a single action point\u2026That is in no small measure due to AMLCC so I just wanted to say \u2018thank you\u2019”<\/h2><\/div>\n<\/div>\n\n\n\n
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“Thank you for such a perfect and informative [solution]. You have given me a clear direction for my AML training and CPD.”
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“I just wanted to say \u2018thank you\u2019 to you, Richard, and all the team at AMLCC for providing a service that really does minimise the burden of AML compliance.”
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“What a refreshing pleasure working with a company who actually listens to the feedback from their customers and communicates with them!”
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“Your team they have been excellent from the moment Fiona did a demo for me with only 15 minutes notice, and thoroughly going through the AMLCC product, answering the many questions I had! It was at this point at which I made up my mind this is the sort of business I want to work with for my AML.”
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Making compliance easier<\/h3><\/div>\n\n\n\n
\"Making<\/figure><\/div>\n\n\n\n
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View more case studies<\/div><\/a><\/div><\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n","protected":false},"featured_media":0,"template":"","meta":{"_uag_custom_page_level_css":"@media (min-width: 977px) {\n\t.half-blue-desktop {\n\t\tbackground: linear-gradient(90deg, var(--ast-global-color-6) 55%, var(--ast-global-color-4) 55%);\n\t}\n}","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-8069","amlcc_case_studies","type-amlcc_case_studies","status-publish","hentry"],"yoast_head":"\nTim Pinkney - AMLCC<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tim Pinkney - AMLCC\" \/>\n<meta property=\"og:description\" content=\"Tim Pinkney Director of Professional Standards, Institute of Financial Accountants, UK AML Supervisor, Member of the Institute of Public Accountants Group Around 73% of members that the Institute of Financial Accountants (IFA) supervises for AML are sole practitioners. 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