Ahead of its official launch on 1st May, ICB told a select number of practices about new online service, AML Online, and so far it's been used to carry out a record-breaking 1340 risk assessments.
AML Online is available free of charge to all bookkeeping practices for whom ICB acts as supervisor under the Money Laundering Regulations (MLR).
AML Online enables practices to keep an accurate online record of their anti-money laundering measures and in so doing demonstrate their compliance with the MLR.
AML Online has an in-built Risk Assessment generator and replaces the paper-based MLR8 form that practices were required to complete and submit each year; leading to one member dubbing the new service MLRgr8.
If you are an ICB registered practice, you should start using AML Online straight away; it is designed to:
- save ICB practices valuable time
- guide and assist MLR 2007 compliance, awareness and understanding
- reduce errors and misinterpretation of the regulations
- reduce the burden of anti-money laundering procedures for ICB practices
- increase security and data protection standards
Select AML Online from the main website menu to log straight in to AML Online.
Alternatively, you can access AML Online from the main MLR page where you can also find further guidance on how to use it www.bookkeepers.org.uk/MLR