{"id":25405,"date":"2025-07-16T12:25:15","date_gmt":"2025-07-16T11:25:15","guid":{"rendered":"https:\/\/figsflow.com\/uk\/?p=25405"},"modified":"2025-12-16T11:56:47","modified_gmt":"2025-12-16T10:56:47","slug":"7-actionable-tips-to-master-kyc-for-your-accounting-practice","status":"publish","type":"post","link":"https:\/\/figsflow.com\/uk\/7-actionable-tips-to-master-kyc-for-your-accounting-practice\/","title":{"rendered":"7 Actionable Tips to Master KYC for Your Accounting Practice\u00a0"},"content":{"rendered":"\t\t
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Do you know? <\/span>A simple compliance step like Know Your Customer (KYC) can slow onboarding, create admin chaos or worse land you in regulatory trouble.\u00a0<\/span><\/b>\u00a0<\/span><\/p>

For accountants, bookkeepers and tax advisers, the risk is only growing. There\u2019s more scrutiny, stricter AML rules, and clients are expecting faster onboarding.\u00a0<\/span>\u00a0<\/span><\/p>

That\u2019s where a strong KYC process comes into play. It makes compliance easy, build client trust and enhance operational efficiency.\u00a0<\/span>\u00a0<\/span><\/p>

But with complex regulations, ever-changing industry standards and fragmented tools, building such stronger KYC process is easier said than done. The result? Most firms are struck with outdated tools and manual checks.\u00a0<\/span>\u00a0<\/span><\/p>

But it doesn\u2019t have to be that way.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>

In this post, we\u2019ll share 7 actionable tips (plus one bonus) to help you build a KYC process that\u2019s fast, reliable and actually fits your workflow.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Tap Into Official Records for Faster Checks <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Googling your clients might feel like \u201cresearch\u201d. But it\u2019s unreliable, time-consuming and you can easily miss something important.<\/span>\u00a0<\/span><\/p>

So, <\/span>use trusted public databases<\/span><\/b>.\u00a0<\/span>\u00a0<\/span><\/p>

Sources like Companies House, credit reference agencies, sanctions list, vehicle and banking records are reliable and help you quickly verify clients name, address, business status and potential red flags.\u00a0<\/span>\u00a0<\/span><\/p>

And here\u2019s the best part. With the right tools, you can filter searches, set alerts for changes in the records (like new sanctions or flagged ID numbers) and get risk scores to make faster onboarding decision.\u00a0<\/span>\u00a0<\/span><\/p>

This process is faster, more accurate and save countless hours copy pasting names from random search bars.\u00a0<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Actionable Tip: <\/h4><\/div>\n
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Check if your onboarding platform integrates with the Companies House API or similar data source. If it does, enable integration <\/span>today. This lets you auto-fill <\/span>clients<\/span> det<\/span>ails and verify their details instantly.<\/span>\u00a0<\/span><\/span>\u00a0<\/span><\/p> <\/div>\n\n \n <\/div>\n <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Level Up How You Verify Identities <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Documents often look legit but are they real? And most importantly, does it actually belong to client?<\/span><\/b>\u00a0<\/span><\/p>

Manual ID checks leave a lot of room for error and fraud. That\u2019s why it\u2019s important to use modern tools that are smart and use automated verification process.\u00a0<\/span>\u00a0<\/span><\/p>

These tools let client snap a photo of their ID and a selfie and automatically runs biometric matching, forgery detection and document authentication within minutes.\u00a0<\/span>\u00a0<\/span><\/p>

The best part- these checks not only confirm identity but also flag fake documents before they become a problem.\u00a0<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Actionable Tip: <\/h4><\/div>\n
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Before moving toward biometric tools, stop asking for ID over emails and use secure client portals for collecting documents.\u00a0<\/span><\/span>\u00a0<\/span><\/p> <\/div>\n\n \n <\/div>\n <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Apply Deeper Checks for Risky Clients <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Some clients require extra scrutiny. <\/span><\/b>This includes foreign entities, politically exposed persons (PEPs), individuals subject to sanctions or those who operate in high-risk industries.\u00a0<\/span>\u00a0<\/span><\/p>

For these clients, you\u2019re required to go beyond the standard KYC and AML process<\/a> and carry out enhanced due diligence. Enhanced due diligence includes:<\/span>\u00a0<\/span><\/p>