IRIS Elements AML is a cloud-based anti-money laundering software designed for accountancy firms. It streamlines client onboarding, risk assessment, and compliance processes. The software offers customizable Know Your Customer (KYC) checklists, bulk ID checks, and secure document storage. It features a personalized dashboard for managing suspicious activity reports, risk assessments, and ID checks. The platform integrates with other IRIS Elements products, enabling seamless client management from proposal to tax filing. Pricing is based on the number of clients, with ID checks starting from...
Vendor
IRIS Capital
Company Website
IRIS Elements AML is a comprehensive cloud-based anti-money laundering software solution tailored for accountancy firms. It offers a range of features designed to streamline compliance processes, enhance client onboarding, and manage risk effectively. The software provides customizable Know Your Customer (KYC) checklists, bulk ID checks, and secure document storage, all integrated within the IRIS Elements cloud platform. With its personalized dashboard, users can efficiently manage suspicious activity reports, risk assessments, and ID checks. The platform's integration capabilities allow for seamless client management throughout the entire accounting process, from initial proposal to tax filing.
Key Features
Customizable AML Dashboard The software offers a personalized home page with configurable widgets for efficient work management.
- Suspicious activity reports
- Know Your Customer (KYC) assessments
- Risk assessments and profiles
- ID checks
Bulk ID Checks Streamlined process for conducting multiple ID checks simultaneously.
- Run individual or multiple checks in the background
- Set filters based on expiration dates, entity types, and risk ratings
- Monitor costs before submission for budgeting purposes
Secure Document Storage Robust system for managing and protecting client identity documents.
- Upload and organize client ID documents
- Virus and malware scanning for all uploaded files
- Encryption for enhanced security
Benefits
Time Savings The software significantly reduces the time spent on AML-related tasks.
- Save approximately 3.5 hours per client during onboarding
- Additional 2.5 hours saved per employee per month with IRIS Elements Practice Management
Enhanced Compliance Ensures adherence to AML regulations while offering flexibility.
- Easy creation of Suspicious Activity Reports (SARs)
- Customizable risk assessment templates
- Automated notifications for key events requiring attention
Seamless Integration Fully integrates with the IRIS Elements platform for comprehensive practice management.
- Single client list across all IRIS Elements products
- Streamlined workflow from proposal creation to tax filing
- Improved client communication with automatic emails and reminders