Online Records

All firms are required under the Regulations to complete a risk assessment, keep records of the verification of client identities and a record for all clients who are reported to SOCA.
 
There is also a requirement to record the training that the MLRO (or Practice Owner for small practices) has undertaken as well as the training of persons who may meet or speak to the firm's clients.
 
The online AMLCC Recording System can be used to maintain all the records that firms are required to complete under the Money Laundering Regulations. The records can be downloaded and printed locally for inspection by the firm's Supervisor.
 
The results of the electronic verification are also maintained on the AMLCC secure server and are therefore available 24/7 and can be printed locally.