AML Horror stories
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HMRC issued £3.2 million in money laundering penalties between October 2024 and March 2025, with £539,000 of that landing directly on accountancy firms. Checks are only getting stricter too: Companies House’s new identity verification powers mean client due diligence is under more scrutiny than ever.
You already know what AML compliance involves. Firm-wide risk assessments. Due diligence on every client. Policies to keep current. Staff to train. It’s a lot to stay on top of alongside deadlines and client work, and it’s easy for compliance tasks to slip, even when the cost of getting it wrong is high.
Why this webinar, and why now:
As an existing IRIS Elements customer, you’re already one step ahead. Your client data is already in Elements, so there’s no migration to manage and no disruption to your team. That means you can introduce Elements AML quickly, automate the manual chasing, and meet your regulatory obligations with confidence.
Join Steve Murray, IRIS’s AML specialist with over 25 years working with accountants, for a live look at how Elements AML gives you:
- Automatic reminders for when risk assessments and ID checks fall due
- A single source of truth for every client’s AML information, inside their record
- Full visibility of your whole practice’s compliance status at a glance
- Up to date legislation, built in and maintained for you
peace of mind, with checks regularly reviewed by IRIS’s own MLRO
What we’ll cover:
- Why AML matters: the real cost of getting it wrong, in penalties and reputation
- The legislation: what the regulations require, and who supervises your firm
- Live demo: Steve walks through Elements AML in your practice