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Tax and Legal Services

The Tax, Legal and accounting services industry is highly regulated, particularly concerning anti-money laundering (AML) and counter-terrorism financing (CTF) compliance. Professionals are responsible for ensuring that their clients’ financial activities are legitimate and that they comply with relevant laws and regulations. The growing complexity of AML/CTF laws necessitates efficient and reliable tools to manage compliance obligations effectively. Professionals are often the first line of defense against money laundering (AML) and counter-terrorism financing (CTF) activities. They must adhere to stringent regulations designed to prevent illicit financial activities and ensure transparency in financial transactions. Failure to comply with these regulations can result in significant legal and financial repercussions for accounting firms.
  1. Industries
  2. Tax and Legal Services

Compliance solution scenarios

1

Onboarding New Clients

A professional service firm is onboarding a new client and needs to ensure compliance with AML regulations.
how it works
2

Ongoing Compliance Monitoring

The firm needs to perform regular compliance checks on existing clients to ensure ongoing adherence to AML regulations.
how it works
3

High-Risk Transactions

An professional service firm encounters a high-value or high-risk transaction and needs to perform enhanced due diligence (EDD).
how it works
4

Preparing for Regulatory Audits

The accounting firm is preparing for an AML regulatory audit and needs to ensure all records are in order.
how it works