Simplified AML Compliance for Practices & Sole Practitioners

AML HQ is designed to make AML compliance easier and more cost-effective for sole practitioners, small practices and large firms. At its core, our software helps you take a risk-based approach to identify and verify the individuals and businesses behind your clients. We help you securely identify, verify, document and evidence your Client Due Diligence (CDD) processes efficiently.

Our subscription model allows you to access the service for a low annual fee and you only pay for the additional optional services that you need such as an enhanced AML pack, training or advanced reporting.

Adopting a risk-based approach to AML compliance ensures you will always remain compliant and on the right side of the regulator. This starts with a firm-wide risk assessment. AML HQ can quickly help you construct an effective risk assessment methodology that is cost-efficient and easy to implement. Our online risk assessment is designed to bring together every question you need to cover in your AML risk assessment in one, easily editable document.  

Conducting the AML risk assessment will help you: 

• Develop policies, procedures and controls to reduce the risk of money laundering

• Understand the level of risk associated with individual business relationships and transactions

• Make appropriate risk-based decisions about clients

• Identify risk sources and evaluate risk  controls

• Run successful AML compliance programs

• Evaluate money laundering risk rating within a country

• Record and monitor client files

You can import any existing CDD evidence, identity (passport or ID scans) or company records that you have previously collected for your clients.   

You can choose to use our identity and company verification services for new clients. Alternatively, if you already have a subscription to other corporate information service providers, you can continue to use these services to source information and use AML HQ as your compliance risk tool.  

The further benefits of using AML HQ is that you will avail of our: 

• Risk assessments (firm and client) 

• Audit-ready assessment to highlight any compliance gaps 

• AML training 

• Have access to optional enhanced services for high-risk clients 

• Ongoing monitoring for sanction breaches 

AML HQ is focused on helping professionals to efficiently meet their AML obligations.  Our software works in tandem with your existing systems acting as a secure hub for all AML records, policies and procedures.     

We provide risk assessments, company look-ups, digital identification and verification of individuals and companies, AML training, AML compliance reporting and audit support that compliments your existing Practice Management software and processes.  

Contact us to find out more about integrating with your existing Practice Management software. 

Our technology is built upon guidance from The Central Bank of Ireland, The Financial Conduct Authority, The European Commission and The Financial Action Task Force. 

AML HQ ensures your firm's policies, procedures, systems and controls are up to date and readily available.  Our intelligent technology will spot any compliance gaps and notify you in the system if an action or task is required.  

Transparency is key when it comes to an audit. At any time, you can run an instant firm-wide AML audit report. This is particularly useful to inform management on risk, allocate team resources or prepare for impending audits. At the touch of a button, our audit functionality allows you to produce comprehensive auditor extracts to evidence and demonstrate compliance.

AML HQ understands the importance of protecting your data and is committed to securing your data. All data managed within AML HQ is stored in state-of-the-art data centers that employ strong data security, preserve data residency and offer comprehensive compliance and resiliency. AML HQ uses logical isolation to segregate each customer’s data and rigorously prevents unauthorised access. 

Contact our team if you would like to know about our information security, data protection, data segregation, redundancy, data retention, and disposal policies.  

A money laundering risk assessment is a process that analyses a business's risk of exposure to financial crime. The process aims to identify which aspects of the business put it at risk of exposure to money laundering or terrorist financing. 

Our analyst's constantly monitor for emerging AML regulatory changes. We also engage with the relevant competent authorities and monitor for guidance updates. When there are changes to the AML regime, our team reviews existing processes, policies and guidance and communicates material updates to our community, highlighting changes that require implementation.