Xama Tech

Within Xama it is possible to visualise the ownership structure for companies registered at Companies House.This visualisation can be accessed when creating a client, or via the Companies House button present on any client record of type “Company”. The visualisation provides a quick overview of officers directly connected to the company, as well as persons…

For financial institutions onboarding new clients, anti-money laundering (AML) checks are essential to meet strict regulations and protect themselves from legal difficulties and reputational damage. As part of the Know Your Customer (KYC) standards, businesses and financial institutions are required to take steps to establish the identity of a new client or customer to ensure…

It’s the first anniversary of our tree planting initiative! Launched last year as a commitment to the environment, this programme has been a true embodiment of our commitment to a greener future. For every purchase of credits by our clients, we’ve added a bit greener to our planet by planting a tree. This unique approach…

Advice from our founder, Jacques Malan Which type of clients are you working with? Is it tech startups, construction companies or high street retailers? Probably a combination of the above and many others. Or you may specialise in one particular category. No firm is the same and the type of customers you work with and…

AML software specialists, Xama Technologies, has launched a unique tool that will allow accountancy firms to monitor the Companies House records of their clients in real-time. The brand-new feature, which is entirely unique to Xama, is integrated with Companies House and allows users to receive real-time updates on changes to directors, persons of significant control…

We provide a policy and procedures framework which you can download and should adapt for your firm. The document has been designed to work alongside the Xama Hub AML platform and is informed by various guidelines, as stated in the appendix, and experience of working with other firms. The document aims to help you to:…

Today we are formally announcing the development of a brand new integration between Pixie and Xama Hub. This integration will ensure that Pixie users continue to have access to the best that the Xama platform has to offer. Why do we need the change? We developed the current integration between Pixie and our platform before…

When running an AML check, 3 separate checks are completed: Identity verification Screening for potential PEP matches Screening for potential Sanctions matches Identity verification checks make use of data sources such as the electoral roll, UK identity register and the UK credit header. These sources are UK based and therefore if the address used is…

It can sometimes be a daunting process to get your AML records and processes up to date. Whether that is for an upcoming inspection or a routine review of how you manage AML compliance within your business. This practical, 11 step guide, will help you to take a systematic approach towards: Getting all your existing…

When running an AML check, a passport number can improve the PASS rate that is achieved. The required number is commonly referred to as an MRZ (machine readable zone) number and is the 44 character line shown at the bottom of a passport, including any chevrons. We do not restrict this field, so you can…