Wolters Kluwer TAA's on-premise solution, CCH Central, fully interacts with Wolters Kluwer CCH iFirm AML, eliminating the need to rekey data into a different system and facilitating a quicker AML compliance procedure and client onboarding.

We understand that accounting companies must adhere to know-your-customer (KYC) and anti-money laundering (AML) standards, particularly given the constantly changing regulatory landscape. According to Natasha Chryssafi, Director of Product Management at Wolters Kluwer TAA U.K., "CCH iFirm AML helps to transform the way companies manage their AML duties, helping them mitigate the risks associated with poor AML and KYC practices."

Accounting firms may handle AML compliance with the flexibility of CCH iFirm AML, a cloud-based solution, at any time and from any location. It will also provide biometric KYC, which identifies and authenticates people using facial recognition. In addition to a typical AML check, this will eliminate the need to scan, email, and examine images, assisting in safe and effective identity verification.

Owing to the need of possessing the best quality data for verification, CCH iFirm AML has access to top credit bureaus and official datasets. For money laundering activities to be effectively detected, prevented, and reported, data must be accurate, complete, timely, consistent, and relevant.