AML Checking Service
From as little as £2.00 per search.
Know your clients
With our award-winning Anti-Money Laundering Identity Checking Service
The TaxCalc Solution to AML compliance
If you are an accountant, bookkeeper or other finance professional, the Money Laundering Regulations 2007 (as amended 2012) mean that you need to know your client before you act for them. If you provide services to clients, you have a legal obligation to keep anti-money laundering records. Failure to take your obligations seriously could mean penalties ranging from fines to imprisonment.
Experts you can trust
Run in partnership with the global leader in identity and credit checking service, Equifax, TaxCalc AML Identity Checking compares any information provided by clients to corroborate their authenticity.
Featuring seamless integration with Practice Manager, it's easy to to run checks using the data you already hold in TaxCalc – saving you time and increasing productivity when on-boarding clients and verifying their compliance with Money Laundering Regulations.
Sectors that legally require relevant anti-money laundering records:
- Accountancy practices
- Payroll agencies
- Tax advisors and/or those that prepared tax returns
As part of your engagement process, simply enter the name, address and other information about your prospective client into the system.
All known data about your client is passed securely and electronically to Equifax for instant processing.
After carrying out the identity check, the system will return to you a PASS or REFER result with additional information about data sources used and results of those personal checks.
If the check returns a REFER, there are action points to give you guidance as to further enhanced due diligence that you may wish to consider
Data Protection and Equifax
Before you can begin making online searches, you will need to be registered with the Information Commissioner's Office and have your Data Protection Registration Number to hand.
Legitimate Data Protection Registration Numbers will always start with the letter Z. Sometimes firms may be issued with provisional numbers, starting with the letter P. Equifax cannot process identity searches with provisional numbers.
Registration can be done online with the Information Commissioner's Office and incurs an annual registration fee of £35.Register with the ICO
Any finance professionals that provide services to clients and who are not regulated by a recognised professional body will be regulated by HM Revenue & Customs.Learn more
Registration is via a MLR100 form, which can be completed online on the gov.uk website. There is no charge for registration.Register
Once purchased, you will also need to register with Equifax. Please note high volumes of applications may result in a delay with Equifax processing your application.
AML Identity Checking Service screenshotsSupporting your AML obligations
Registering with TaxCalc Anti-Money Laundering Identity Checking Service is easy, requiring you to fill out an online form.
Carrying out a search is as simple as entering as much relevant data about your prospective client as possible
The system uses data held by Equifax to provide a PASS or REFER on your client's identity.
The report is held online for download for 30 days.
Client Hub now has the ability to carry out AML searches from within the Client Hub.
Enter the specific details and send to Equifax without logging into our website
View the AML Report directly from Client Hub once the AML Search is completed.
Frequently asked questions
The questions below provide answers to many aspects of
TaxCalc Anti-Money Laundering Identity Checking Service.
If you'd like to know more, please call us on 0345 5190 883 or email email@example.com.
How do I register for the Anti Money Laundering (AML) service?
You must register with the Information Commissioners Office (ICO) as a Data Controller in order to be assigned a Data Protection Number (DPA).
Equifax, our third party service provider, will then check that you are who you say you are. Please note that high volumes of applications may result in a delay with Equifax processing your application. Please see our KnowledgeBase article for more information.
Why do I need to pay to register for this service?
Unfortunately, it is not possible to completely automate the registration process and the charge covers a small amount of manual processing undertaken by Equifax.
Do search credits last forever?
Yes. Search credits do not time out and will remain on your account until they are used.
Can I have a credit for unused searches?
No. Once you have bought search credits, they are not refundable.
How long do you keep the results of searches?
Our system will hold the report for 30 days. After that, it will be irretrievably deleted.
Can I buy more search credits before I've used up my current batch?
Yes. If you are running low on search credits, you can buy more to top up your allowance.
What should I do if the system returns a REFER result?
A REFER result means that not enough information was found to corroborate your client's identity or negative information was found that will require you to consider additional factors.
Can I use the system to perform a credit check on my client?
No. The system will only confirm your client's identity and will not return any information about their credit score.
Will using the system affect my client's credit rating?
No. Whilst Equifax will record the fact that a search was made to corroborate your client's identity, this will not affect their credit score.
Can the system perform a search on a limited company?
How do I cater for the fact that different people work different hours?
You can choose to set default working hours at a firm level or a user level, thereby easily catering for varying work patterns.