Wolters Kluwer Revolutionizes AML Compliance with CCH iFirm® Integration

Wolters Kluwer Revolutionizes AML Compliance with CCH iFirm® Integration

(IN BRIEF) Wolters Kluwer Tax & Accounting (TAA) U.K. has launched a new anti-money laundering module (AML) within its cloud-based practice management software, CCH iFirm®. This module seamlessly integrates with their on-premise system, CCH Central, reducing data duplication and speeding up AML compliance and client onboarding processes for accounting firms. The solution offers flexibility for remote management and incorporates biometric KYC features for secure identity authentication. Access to leading credit bureaus and governmental datasets ensures the accuracy and efficiency of AML checks.

(PRESS RELEASE) ALPHEN AAN DEN RIJN, Netherlands, 11-Mar-2024 — /EuropaWire/ — Wolters Kluwer N.V. (AMS: WKL), global provider of professional information, software solutions, and services in health, tax & accounting, ESG, finance, compliance, and legal, announces that Wolters Kluwer Tax & Accounting (TAA) U.K. has launched its anti-money laundering module (AML) integrated within CCH iFirm®, the cloud-based practice management and compliance software platform. This innovative addition, Wolters Kluwer CCH iFirm AML, seamlessly merges with CCH Central, Wolters Kluwer TAA’s on-premise system, reducing data duplication and accelerating AML compliance and client onboarding.

“We realize that compliance with AML and know-your-customer [KYC] requirements is vital for accounting firms, especially in light of continually shifting regulations. CCH iFirm AML helps to transform the way companies manage their AML duties, helping them mitigate the risks associated with poor AML and KYC practices,” stated Natasha Chryssafi, Director of Product Management, Wolters Kluwer TAA U.K.

Offering unparalleled flexibility, CCH iFirm AML empowers accounting practices to oversee AML compliance from any location, at any time. Moreover, the solution introduces biometric KYC capabilities, utilizing facial recognition for swift and secure identity authentication, eliminating the need for document scanning and emailing. This ensures seamless and efficient identity verification alongside standard AML checks.

Recognizing the critical importance of high-quality data for effective checks, CCH iFirm AML accesses leading credit bureaus and governmental datasets. The accuracy, timeliness, and relevance of data are pivotal in detecting, preventing, and reporting potential money laundering activities efficiently.

For more information on CCH iFirm AML, please visit our website.

Interview Opportunities:

• Natasha Chryssafi, Product Director, Wolters Kluwer TAA U.K.
• Ben Cunliffe, Senior Product Manager, Wolters Kluwer TAA U.K.

To request interviews, please contact Joe Marsh, Manager (Europe), External Communications, Wolters Kluwer TAA, at joe.marsh@wolterskluwer.com.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Media contacts:

Joe Marsh
Corporate Affairs Communications Manager
Tax & Accounting
Joseph.Marsh@wolterskluwer.com

Shannon Wherry
Corporate Affairs & Communications Associate Director
Tax & Accounting
Shannon.Wherry@wolterskluwer.com
+1 (972) 209-2797

SOURCE: Wolters Kluwer N.V.