{"id":9324,"date":"2024-12-20T12:05:02","date_gmt":"2024-12-20T12:05:02","guid":{"rendered":"https:\/\/www.amlcc.com\/?post_type=amlcc_case_studies&p=9324"},"modified":"2024-12-20T12:14:05","modified_gmt":"2024-12-20T12:14:05","slug":"simon-taylor","status":"publish","type":"amlcc_case_studies","link":"https:\/\/www.amlcc.com\/ky\/case-study\/simon-taylor\/","title":{"rendered":"Simon Taylor"},"content":{"rendered":"\n
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Simon Taylor<\/h1>

Director
TWR Accountants Ltd<\/p><\/div>\n\n\n\n

When the Money Laundering Regulations came in, in 2007, it took a while for us as accountants to get to grips with what we needed to do. While we did everything that was asked of us – creating an AML manual for our business, appointing an MLRO, verifying IDs – as the Regulations evolved it was clear that it needed to be more than a box ticking exercise.<\/p>\n\n\n\n

As the business\u2019 MLRO, I began to do more research into what exactly was expected of us. Unfortunately, during this time we were misled into buying a subscription for a provider that sold online ID checks believing this would take care of all our requirements. At the time of our next inspection, our supervisor (the IFA) informed us that we weren\u2019t fully compliant.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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\u201cWe\u2019re now whizzing through our AML\u201d<\/h3><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
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The AMLCC platform explains exactly what we need to do<\/h2>\n\n\n\n

We began to receive updates through our supervisory body recommending the AMLCC platform so we decided to sign up.<\/p>\n\n\n\n

From the day we first accessed the platform, I found there was a lot of useful information. It\u2019s not just a matter of going into a platform – it\u2019s a combination of AML tools and guidance to go with them. This means that it\u2019s easy to see what you need to do and how to do it.<\/p>\n\n\n\n

For example, when you go on to set a client up on AMLCC, you can see the steps you need to take to fully onboard them, from how to create their profile to how to check their identity and complete a risk assessment for them.<\/p>\n\n\n\n

The platform also helps and requires you to complete your firms\u2019 risk assessment and firm\u2019s policy (all requirements of the regulations).<\/p>\n\n\n\n

Staff training for all your employees is also included on the platform – another requirement of the regulations. Videos followed by multiple choice questions can be undertaken annually by your staff. Certificates are then generated for passing which are recorded and saved within the platform as evidence training has been undertaken.<\/p>\n\n\n\n

As the Regulations have evolved, the questions on the risk assessments have expanded to cover the new rules. From webinars I\u2019ve been on, there\u2019s platforms that are out there that will give you a base for AML compliance but that\u2019s it. AMLCC gives you everything you need.<\/p>\n\n\n\n

The new firm dashboard when you login also gives a complete business overview of your clients and your firm requirements undertaken or which require undertaking.<\/p>\n\n\n\n

Thanks to AMLCC, we\u2019ve passed our latest inspection<\/h2>\n\n\n\n

We\u2019ve got everything AML-related on the AMLCC platform, so we\u2019re now whizzing through our AML work.<\/p>\n\n\n\n

All the identity checks, client documents and risk assessments are saved on the audit trail for as long as you need them. So someone \u2014 like our supervisor \u2014 can access our platform as a guest and can see exactly what we\u2019ve done. And actually, we\u2019ve been inspected recently and passed.<\/p>\n\n\n\n

The standout features for me are the risk assessments (clients\u2019 and firm\u2019s). From what I\u2019m hearing, firms often print out a standard one from the internet that\u2019s not tailored to their business, which is what catches them out. Whereas on the AMLCC platform, you can do that tailoring on there because it asks the right questions.<\/p>\n\n\n\n

The AMLCC customer service is excellent, they\u2019re straight onto any issue I might have. Because it\u2019s a family business, one of the owners or their AML experts usually phones through or sends an email really quickly. It\u2019s a fantastic level of service.<\/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-9324","amlcc_case_studies","type-amlcc_case_studies","status-publish","hentry"],"yoast_head":"\nSimon Taylor - 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=\"Simon Taylor - AMLCC\" \/>\n<meta property=\"og:description\" content=\"Simon Taylor DirectorTWR Accountants Ltd When the Money Laundering Regulations came in, in 2007, it took a while for us as accountants to get to grips with what we needed to do. 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