Topic results AML Checks

CCH IFirm AML
How to run CCH iFirm AML data checks and viewing the report
CCH iFirm AML provides a data check service for compliance with AML regulations, requiring regular execution based on firm policies. It verifies individuals' names, addresses, and dates of birth against multiple data sources and checks for politically exposed persons (PEPs), sanctions, mortality, and adverse media. Results include a pass or fail status, with detailed reports available in PDF format. The process involves minimal data entry, reducing redundancy by syncing with CCH Central information. Users also have the option to enable ongoing monitoring during the check. Failures require documentation of the associated risks.
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CCH Workflow
_CCH_AML
This document outlines a workflow for conducting Anti-Money Laundering (AML) checks for clients, triggered automatically by the CCH Client Onboarding process or initiated manually. Key elements include the setup of necessary extra fields, such as "Money Laundering Check" and "Money Laundering Completion Date." It discusses the ability to execute bulk updates for multiple clients using advanced search features, allowing for streamlined compliance checks on a regular basis. The document provides links for further guidance on non-compliance workflows.
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