Sam Thomas
4 minutes length
Posted: 7th December 2016

12 Days of IRIS Christmas: "On the 3rd day of Christmas, a client questioned me...

…about my AML philosophy.”

If you read the first blog in this series, you’ll know that Claus Industries and its accounting team at Red Nose & Associates are valued IRIS customers.

Like many of us, Father Christmas and his business are the occasional target of nefarious individuals and companies. Living up in the North Pole, face-to-face meetings with business partners, investors, clients and the like are difficult to arrange, and many of his decisions as CEO are made on trust (eternal optimist that he is).

After being falsely accused of harbouring all manner of law-bending offshore accounts (based solely on the fact that he has a holiday home in the Bahamas, which almost, kind of, looks/sounds like Panama…), he now, through Red Nose, has IRIS Anti-money Laundering software perform all aspects of compliance recording and monitoring on his behalf.

Visit the AML Hub and ensure compliance with the latest rules and regulations

Ding Dong, AML-On-High(-Risk)

86% of UK accountants believe that the accountancy sector as a whole is high-risk in terms of vulnerability to money laundering. 

Despite Brexit still looming large on the horizon, its exact date is months, if not years, from being confirmed. So, for now, the European Union’s Fourth Anti-Money Laundering Directive continues to set out a strong framework for combating AML in Europe, a framework that our AML software adheres to.

With IRIS Anti-Money Laundering, accountants, solicitors and other regulated businesses can perform all aspects of compliance without the stress of having to ensure they’re up-to-date with the latest legislation.

Heal The World (Do You Want To Pay A Fine At All?) 

The IRIS AML Hub has a selection of useful guides designed to take you through 5 key viewpoints on anti-money laundering:

It also features a handy infographic revealing what the accounting industry currently thinks about the state of AML regulations and what they see as their biggest challenges.

As anti-money laundering methods come under increasing scrutiny, ensuring your AML processes are up to scratch makes sound business sense (and, more importantly, keeps you off the ‘Naughty list’).

With IRIS AML, you can rest easy knowing all necessary compliance checks are up-to-date and that you’ll have presents under the tree this Christmastime.

VISIT THE AML HUB

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If you’d like to read more in our ‘The 12 Days of IRIS Christmas’ series, click on the links below:

Day 1: “On the 1st day of Christmas a client gave to me, a shoebox full of receipts…”

Day 2: “On the 2nd day of Christmas I looked back at what I’d seen, at IRIS World 2016…”

Day 4: “On the 4th day of Christmas I fear I must confess, I’ve not a clue about the new F-R-S…”

Day 5: “On the 5th day of Christmas a client said to me, what on earth is M-T-D?”

Day 6: “On the 6th day of Christmas I saw how efficient my elves are, using brand new IRIS HR…”

Day 7: “On the 7th day of Christmas my clients profits saw a lift, thanks to forecasting from GearShift…”

Day 8: “On the 8th day of Christmas we looked back at all the ways, we’d spent our IRIS ‘Giving Back’ days…”

Day 9: “On the 9th day of Christmas as we sipped on our eggnog, we took a look at this year’s popular blogs…”

Day 10: “On the 10th day of Christmas I slept peacefully at night, after upgrading to an OpenWebsite…”

Day 11: “On the 11th day of Christmas we travelled overseas, to see what life is like at Claus Industries… (Part I)”

Day 12: “On the 12th day of Christmas we travelled overseas, to see what life is like at Claus Industries… (Part II)”