BOOM
BOOM stands for ‘Beneficial Owner, Officer or Manager’. CCAB Guidance (Section 3.2.5) defines a BOOM as A sole practitioner; • ...
CDD
Customer or Client Due Diligence involves the bookkeeper actively gathering and validating information about a potential client and their business. ...
FRA
A Firm-wide Risk Assessment (FRA) documents your own consideration of your whole business. It describes the risk environment in which ...
Does data protection and GDPR legislation allow for me to share my client details with IAB?
IAB is a ‘Professional Body Supervisor’ (PBS) Under the MLTF Regulations 2017 and 220 IAB. As such IAB uses information ...
Can I upload details for multiple clients at once?
Although some practices have many clients most IAB Supervised members provide services for a relatively small number. A facility to ...
Staff Profile
A Staff profile is needed for each person employed doing AML-relevant work for the Practice (including the owner) This profile ...