What is AML Verification? The Foundation of UK Anti-Financial Crime Compliance
Criminal activities such as money laundering can often be hiding in plain sight as observed in the case of a UK finance […]
3 Forms of ID in the UK
Ever had a client insist their gym membership should count as valid ID? It sounds absurd, but it points to a genuine […]
Client Onboarding in AML & KYC with FigsFlow
AML client onboarding is the mandatory process UK accounting practices must complete before providing any regulated service under MLR 2017. It covers […]
How to Perform Enhanced Due Diligence on Politically Exposed Persons (PEPs)
Your new client sits across from you. Former MP. Consultancy income. Property portfolio. Straightforward engagement letter, right? Then you remember: they held […]
Source of Funds (SOF) & Source of Wealth (SOW)
Does your client’s £500,000 property purchase align with their £35,000 declared salary? Can you trace the £200,000 “business proceeds” sitting in their […]
7 Client Onboarding Mistakes Hurting Your Business Growth & How FigsFlow Can Help
How long does it take you to onboard a new client? A week? Two weeks? Longer? How many emails go back and […]
Cheapest Anti-Money Laundering Check in the UK (2026 Cost Comparison)
UK accountants waste thousands annually on fragmented AML tools when integrated platforms handle proposals, engagement letters, and compliance in one subscription.
KYC Compliance UK: How to Avoid the Most Common Pitfalls and Penalties
Discover the six most common KYC compliance mistakes that lead to regulatory penalties and learn practical strategies to implement robust client verification procedures.
Say Goodbye to Late Payments: FigsFlow’s Adfin Integration is Live!
If you’ve ever sent a proposal to a client, watched them accept it and then waited days or even weeks for payment, […]
What Is Enhanced Due Diligence? Difference Between EDD, CDD & SDD
Do you know when to apply standard checks versus enhanced scrutiny for your clients? Could you confidently explain to HMRC why you […]
Industry-Related AML Risks: A Guide for Compliance Teams with Insights from FigsFlow
Industry-related AML risks are the money laundering and terrorist financing threats that arise specifically from the type of clients an accounting firm […]
Best AML Compliance Practices for Small Accounting Firms
Small accounting firms face the same strict AML obligations as banks. This guide breaks down customer due diligence, risk assessments, and record keeping requirements into practical steps that work for practices of any size.