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Apr 9, 2024

Make risk assessment simpler with our new template library

Risk assessments are a cornerstone of effective AML compliance, requiring a nuanced understanding of various risk factors. That is why we recently deployed our new risk assessment template library to help our users standardise their approach to this important process. We know that many firms already use and share a variety of different risk assessment […]

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Apr 9, 2024

Xama to join the excitement at Accountex 2024

Accountex has become one of the leading accountancy conferences in the UK and the home of innovation within the profession. We are delighted to announce that we will be on hand throughout the event on 15 – 16 May 2024 at London ExCeL to share our latest AML features and insights. Our team are really […]

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Apr 9, 2024

AML Academy: Redefining AML training

We are on a campaign to drastically improve the quality of AML training within the tax and accountancy industry. With this in mind, we have launched our AML Academy and delivered our first webinar as the buzz around this solution grows. With more than 50 member firms already signed up – each receiving training for […]

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Apr 5, 2024

Migration of historic risk assessments

When setting up a Xama account, we encourage all our users to bring across as much of their AML data as possible. It’s an excellent opportunity to evaluate how complete and up to date your existing data is and deal with any gaps that may exist. A really important part of this migration is to […]

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Apr 5, 2024

Tackling Gift Card Fraud: A Guide for Accountants on AML Compliance and Customer Protection

The Extent of the Problem In recent years, the convenience and popularity of gift cards have unfortunately made them a prime target for fraudsters. This case study delves into the growing issue of Gift Card fraud, especially within the UK. Action Fraud, the national fraud reporting centre, highlighted that in 2023 alone, victims in the […]

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Apr 4, 2024

Xama Technologies recognised for innovative solution with prestigious award shortlisting

Comprehensive AML solutions provider, Xama Technologies, has been shortlisted for Best Digital Innovation in the Tolley’s Taxation Awards 2024. Providing everything UK accounting firms need for effortless AML compliance, Xama Technologies support accountancy practices conduct due diligence, undertake client risk assessments and managing records, documents and clients. In addition to providing a cutting-edge AML platform […]

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Mar 28, 2024

Tracking improvements of Companies House data

Changes at Companies House On 26 October 2023, the Economic Crime and Corporate Transparency Bill was given royal assent and became UK law. The purpose of the bill is to help prevent organised criminals, fraudsters, kleptocrats and terrorists from using companies to abuse the UK’s open economy. The law provides Companies House with a range […]

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Mar 19, 2024

What is the process when receiving a potential PEP result?

When you receive a potential PEP result as part of an AML check you need to resolve this result. This is done by determining whether any of the potential PEPs listed as potential matches are the same person who you are currently performing due diligence on. Review the PEP results Within the AML report you […]

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Mar 12, 2024

ICB members guide to using Xama

Why this guide? Institute of Chartered Bookkeepers (ICB) members are supported by the ICB with an AML portal where they need to: This guide aims to provide ICB members with information on how they can use the Xama platform in conjunction with the ICB portal without duplicating work. We believe that the two systems can […]

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A proven solution for firms of all sizes

We work with a wide range of accountancy practices to deliver an AML solution tailored carefully to their needs.

Some of our existing users include: