- AML
- Product updates
Capium announces new AML enhancements
Ever thought about how to protect your practice from Anti Money Laundering regulations? Capium and Veriphy have just enhanced our AML to support our customers further!
1 min read
Key takeaways
- Three new checks, October 2023:
- Capium and Veriphy added a UK company check, a credit screen and an international ID check to Capium AML.
- Company and credit checks:
- The company check covers credit scores, directors, share and group structure, financial statements and negative information; the credit screen looks for CCJs, bankruptcies and IVAs.
- International ID:
- Non-UK residents are checked against HMT, UN, EU and OFAC sanctions lists and global PEP lists, with optional passport and ID card checks.
New AML Checks Introduced
We are pleased to announce that we have released three new checks within the AML area.
With this release, you are now able to perform:
- Company Check
- Credit Check
- International and Domestic ID Checks
The 3 New enhancements are as follows:
UK Company Check – £6 + VAT per check – includes the following where available: company summary, identification, credit score, credit limit, contact information, director details, share capital structure, group structure, financial statements, Profit and loss account, balance sheet, ratios, negative information (CCJs, bankruptcies), payment information, company status (dissolution, compulsory strike off, winding up etc), filing history (returns, appointments etc), web address.
Credit Screen – £2 + VAT per check – screens UK residents for CCJs, bankruptcies, IVAs and Scottish equivalents.
International ID Check – £2 + VAT per check – checks non-UK residents against HMT, UN, EU and OFAC sanctions lists and global PEP lists (including UK domestic), with optional document checks including passports and EU ID cards. This check can also be used if you simply wish to validate documents.
Want to see it in action?Join our webinar on Thursday 26th October at 12.00pm.
Register Here.
Further reading
- Accountancy sector guidance for money laundering supervision GOV.UK
Official guidance for the accountancy sector on meeting obligations under the Money Laundering Regulations.
- UK law and guidance on anti-money laundering ICAEW
ICAEW's summary of the legal framework accountants operate under, including the Money Laundering Regulations 2017 and the Proceeds of Crime Act 2002.
- Office of Financial Sanctions Implementation GOV.UK
OFSI helps ensure financial sanctions are properly understood, implemented and enforced in the United Kingdom. This includes the Oil Price Cap on Russian oil. OFSI is part of HM Treasury .
