Stay tuned because soon, FigsFlow will announce an update that will change your lives! If you’re an accountant, you will soon rejoice because FigsFlow is going big on its KYC and AML module.
After this update, FigsFlow will become an all-in-one onboarding platform for accountancy firms, handling everything from regulatory-compliant engagement letters and professional proposals to AML and KYC checks, secure document uploads, automated verification and even mobile client support for document scanning and liveliness checks.
Read this blog post to find out how FigsFlow will simplify AML compliance and make onboarding faster, easier and more secure for your firm.
The Growing Complexity of AML Compliance
AML compliance has evolved far beyond simple identity checks. Today’s requirements demand:
- Comprehensive Customer Due Diligence (CDD) with enhanced checks for high-risk clients
- Real-time transaction monitoring to spot suspicious patterns
- Detailed audit trails that satisfy regulatory scrutiny
- Ongoing monitoring throughout the entire client relationship
- Regular staff training and documented procedures
The 2025 AML rules have made things even more demanding. Every firm must now carry out customer due diligence, keep detailed records, monitor and report suspicious activity to the National Crime Agency, and have clear risk assessment procedures and policies in place.
For many practices, this means choosing between expensive specialist AML software that doesn’t integrate with existing workflows or cobbling together multiple free tools that leave gaps in compliance. Neither option is ideal when you’re trying to run an efficient, profitable practice.
That’s exactly where FigsFlow’s integrated approach makes all the difference.
How FigsFlow Can Help
FigsFlow isn’t just another compliance tool; it’s a platform designed to embed AML and KYC seamlessly into your firm’s client journey. From the very first proposal to ongoing client monitoring, FigsFlow automates tedious tasks, reduces risk and ensures regulatory compliance is built into every step of onboarding.
Here’s how it works across each stage of your workflow:
Simplifies Pre-Onboarding with Proposals & Engagement Letters
Before you even begin AML checks, FigsFlow ensures your client engagement starts on the right foot. The platform already helps thousands of accountants send regulatory compliant engagement letters and professional proposals in less than 60 seconds.
But here’s what makes it special for AML compliance:
- Regulatory-compliant templates that meet the standards of all major accountancy bodies (ACCA, ICAEW, CIOT and more)
- Built-in risk assessment integration with pricing calculators, so you can factor compliance costs into your fees from day one
- Electronic signatures that create immediate audit trails, eliminating the gap between proposal acceptance and compliance verification
- Automated follow-ups that ensure no client slips through the cracks during onboarding
This means your AML process begins the moment a client shows interest, not when they’ve already been onboarded. You’re building compliance into your workflow, not adding it as an afterthought.
Streamlines Onboarding with AML & KYC Checks
This is where FigsFlow’s AML update becomes a game-changer. The new AML and KYC features transform what used to be a fragmented, manual process into a seamless, automated workflow.
Comprehensive Identity Verification
All documents uploaded into FigsFlow go through a validated verification software, ensuring robust authentication and fraud detection. This integration means:
- Automated document verification that checks authenticity and flags potential issues
- Biometric checks and digital authentication to prevent identity fraud
- Support for a wide range of ID documents, ensuring you can verify clients with various documentation types
Secure Document Portal
Your clients get access to a user-friendly, secure portal where they can upload required documents without hassle. Here’s what the portal helps client with:
- Automatically organise and store of all compliance documents
- Mobile support with liveness detection for seamless remote identity verification
- Ensure secure authentication and proper audit trails
Automated Risk Assessment
All AML checks in FigsFlow are integrated with real-time screening against PEP lists, sanctions and watchlists. Some of the key features includes:
- Customisable risk thresholds based on your firm’s risk appetite
- Automatic triggering of Enhanced Due Diligence (EDD) for high-risk clients
- Continuous monitoring for suspicious activity during onboarding
Efficient Integration
FigsFlow’s AML and KYC features are embedded directly within your existing workflow. This integration means:
- No need to switch between standalone systems or multiple logins
- Automatic transfer of data from proposals and engagement letters to compliance checks
- A smooth, end-to-end workflow from client onboarding to verification without gaps
Makes Ongoing Monitoring Easy
AML compliance doesn’t end at onboarding. FigsFlow’s upcoming ongoing monitoring features (rolling out soon) will provide:
- Continuous transaction monitoring with AI-powered pattern recognition
- Automated alerts when suspicious activity is detected
- Regular client review reminders to ensure your due diligence stays current
- Integrated SAR filing when suspicious activity requires reporting
This ongoing monitoring integrates with your existing client management, so compliance becomes part of your regular workflow rather than a separate task.
The Bigger Picture of FigsFlow: Compliance + Client Experience
What sets FigsFlow apart isn’t just its AML capabilities, it’s how compliance integrates with exceptional client experience. While other solutions force you to choose between thorough compliance and smooth onboarding, FigsFlow delivers both.
For Your Firm:
FigsFlow streamlines compliance so your firm can operate more efficiently and confidently:
- Reduce compliance costs through automation and integration
- Set clear audit trails that satisfy regulatory requirements
- Save time and let you focus on advisory work rather than paperwork
- Help your firm grow without limits with its scalable processes that grow with your practice
For Your Clients:
FigsFlow makes onboarding simple, secure, and professional:
- Professional, streamlined onboarding experience
- Clear communication about compliance requirements
- Secure document handling that builds trust
- Faster processing times without compromising thoroughness
This dual focus addresses one of the biggest challenges in AML compliance: maintaining client satisfaction while meeting increasingly strict regulatory requirements. With FigsFlow, you don’t have to sacrifice one for the other.
Conclusion
AML compliance no longer needs to be a burden or a bottleneck for your firm. With FigsFlow’s AML update, you get a fully integrated AML and KYC solution built directly into your client onboarding process from proposals and engagement letters to secure document collection, verification, risk assessment and ongoing monitoring.
This makes it easier for firms to stay compliant, cut down on manual tasks and deliver a smooth, professional experience to clients—all within one platform.
English (UK) 
English