Posts

Xama Technologies recognised for innovative solution with prestigious award shortlisting

By Xama Tech | April 4, 2024

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…

Tracking improvements of Companies House data

By Xama Tech | March 28, 2024

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…

What is the process when receiving a potential PEP result?

By Xama Tech | March 19, 2024

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…

ICB members guide to using Xama

By Xama Tech | March 12, 2024

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…

2024 Q1 – Xama AML roadmap

By Xama Tech | January 25, 2024

We have some exciting news to share here at Xama. Earlier this month the Xama team met up in Portugal. We try to meet up as a team 3 to 4 times a year, which allows us time to spend some time together as we all work remotely. It is much needed events to have…

AML Academy – a new way to manage AML training

By Xama Tech | January 22, 2024

The AML Academy is a brand new service offered by Xama. The project, which was announced in January 2024, has the aim to change the way AML training is delivered to professional services firms. It is the MLRO’s responsibility to deliver appropriate AML training for each of the staff members within their firm. Often this…

Visualisation of beneficial ownership

By Xama Tech | January 12, 2024

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…

Identity verification, security and GDPR for AML solutions

By Xama Tech | December 21, 2023

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…

Celebrating a year of greener futures: Our tree planting project turns one!

By Xama Tech | November 30, 2023

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…

Overlooking tailored risk assessments

By Xama Tech | November 30, 2023

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…