Someone is engaged in Money Laundering if they:

• Conceal, disguise, convert, transfer or remove (from the UK) criminal property;
• Enter into or become concerned in an arrangement which they know or suspects facilitates (by whatever means) the acquisition, retention, use or control of criminal property by or on behalf of another person; or
• Acquire, use or has possession of criminal property

All individuals working for the firms and carrying out 'accountancy services' have a personal legal responsibility to report any knowledge or suspicion of Money Laundering as soon as practical. The maximum penalty for not reporting is five years imprisonment and or an unlimited fine. An employees' duty ends when the report has been made to the Money Laundering Reporting Officer and a receipt has been received.

Where there is no useful information. For example where you are unable to identify the culprit or the whereabouts of criminal property.
Where the crime occurred overseas and was a legal act under the local law.

Online client verification enables users of AMLCC to verify their clients online. The verification tool is provided by Callcredit and is called CallML. This has been designed specifically to comply with the latest anti-money laundering regulations. It is important to realise that some verification tools provided by other companies are not fully compliant with the latest anti-money laundering regulations.
CalML works by interrogating a wide range of independent positive and negative data sources to enable users to reach a decision instantly.

• Simple to use and intuitive
• Quick and easy to adopt
• Uses comprehensive quality data sources
• Speeds up the application process for new clients
• Powerful 'pass' or 'refer' result provides immediate decisioning certainty
• Enables the capture of government issued and other secondary approved documents
• Full audit trail

AMLCC provide access to the latest version of CallML. This latest version has been designed specifically to comply with the latest anti-money laundering regulations. Earlier versions of CallML are not compliant with the latest regulations.
All online client verifications are stored online in the clients' records. You can therefore access these anytime. The verifications also compliment the risk assessment tool which is also provided by AMLCC.
Online client verification is simple and straight forward to use. It is all accessible through the AMLCC website, you don't need to email the clients' details to any other company to carry out the verification for you.

Each verification costs £5 plus VAT. There are no commitment levels and no set up fees. It is simply provided on a pay as you go basis. Payment is made through the AMLCC website.
It is important to point out that the version of CallML which AMLCC offer is fully compliant with the latest Money Laundering Regulations, this will not be the case for other products on the market.

You will have to advise your client that you intend to carry out an online verification on them. However, you do not need their permission as it is a legal obligation that you do one and they are not allowed to refuse.

Yes, the version of CallML which AMLCC offer was released to comply with the 2007 Money Laundering Regulations and the 2007 released JMLSG guidance required to support the implementation of the 3rd ML Directive. This version release has number of significant changes to meet these new stringent requirements
Earlier versions of CallML are not compliant with the latest regulations.

Up until the 2007 Regulations this could have been considered to be adequate. From the 15th of December 2007 regulated firms are required to implement a Risk Based Approach to Customer Due Diligence.
Photocopying documents is still acceptable as long as you also have policies and procedures that determine whether a customer is a Politically Exposed Persons'.
CallML checks this register along with the Bank of England Sanctions list and OFAC.

No. It is the obligation of your firm to implement Risk based Anti Money Laundering Customer Due Diligence Procedures - not your clients.

CallML verifies against a customer's constantly expanding and comprehensive range of data sets, including:

Positive Data:
• The full Electoral Roll
• SHARE information
• County Court Judgements
• Bankruptcies,
• Administrative Orders & Insolvencies
• The Investors Dataset
• Directors At Home
• Date of Birth confirms
• Post Office Address File

Negative Screening:
• HM Treasury
• Sanctions List
• Politically Exposed Persons File
• Specially Designated Nationals File
• Gone Away Suppression File
• Forwarding Address links
• Non-Standard Address File
• Deceased Indicators
• CIFAS Flags

Warning Messages:
• Residency < 12 months
• Non Standard Address
• Lost / Stolen Passport (reported to CIFAS)
• Mailsort Code Mismatch
• Driving Licence Algorithm
• Global Passport Validation
• Date of Birth Conflict

Yes, as a user of our services you are required to be registered under the Act. Registration is extremely simple and can be done at
www.ico.gov.uk