AML solutions for the accountancy sector

Digital onboarding, AML screening and in-life monitoring of your client base

Accountancy practices are inherently vulnerable to exploitation by criminals eager to avail themselves of advisory and transactional services. The Government’s National Risk Assessment of Money Laundering and Terrorist Financing published in December 2020 found that the risk of money laundering in this area remains high.

Accountancy practices are attractive to criminals as they enable them to mask illicit funds in legitimacy and respectability, benefiting from the professionally qualified status of accountancy practices. Such practices are at risk of being exploited and abused by criminals. In particular, company formation and termination as well as mainstream accounting and payroll have been identified as being most at risk. Criminals will turn to accountancy practices when seeking to set up businesses in order to hide the criminal origins of funds.

The challenge for accountancy practices is to ensure compliance with the relevant AML standards, whilst ensuring customers receive a professional and efficient service. It is necessary to consider all relevant risks and put in place robust AML processes in order to mitigate them.

RiskScreen helps accountancy practices to achieve optimal financial crime compliance performance with maximum efficiency. We do this through a commitment to building solutions that facilitate internal data economies in which the data held on customers can be used, together with more widely available information, in order to effectively manage financial crime risk and to ensure compliance with regulatory obligations.

The RiskScreen ecosystem

The RiskScreen AML platform provides an end-to-end solution for your management and protection against financial crime. Choose single or multiple modules, as your organisation requires.

Save weeks of work by conducting digital identity verification of individuals, as well as full KYC and KYB screening checks through your dedicated web portal and mobile app.

The risk levels you decided at onboarding can then carry through to your ongoing screening and monitoring.

AML screening against sanctions, PEP and watch list data – as well as adverse media – to establish your customer’s risk level.

Screen as a one-off at point of sale or pre-onboarding, then follow this up with ongoing scheduled batch screening across your customer base – so you’re alerted about changes, and can be confident in your exposure.

Revolutionise your decision making with RiskScreen’s in-life monitoring modules.

Turn your existing static and dynamic customer information into hot data for real-time risk analytics and reporting with our truly transformational approach to data and risk management.

Further reading


Danske Bank: What went wrong?

It is hard to imagine that a bank is capable of laundering hundreds of billions of euros in just eight years. The Danske Bank scandal


Smarter screening: a how-to guide

What sources should I screen against? Unless businesses in your sector and jurisdiction are required by regulators or the law to screen against a specific

Find out why RiskScreen is the smarter way to combat money laundering

At RiskScreen we work with hundreds of companies around the world from a wide range of sectors – both regulated and unregulated.

Any screening technology is only as good as its underlying data. That’s why we work to find the best providers, ensuring you get screening matches you can trust.


The latest news, commentary and events from RiskScreen. For industry insight, visit our AML insight hub, KYC360.

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RiskScreen was founded by experts in financial crime. It’s because of this unrivalled subject matter expertise that companies choose to partner with us.