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In this episode of the Bookkeepers Podcast, hosts Zoe Whitman and Jo Wood discuss the integration of software into the AML process, featuring guest, Kevin Lord from Firmcheck.

We discuss the challenges faced by accountants and bookkeepers regarding AML compliance, including fear and the stress of audits. They emphasise the need for clear, accessible solutions that simplify AML compliance, reduce anxiety, and offer comprehensive training and support. The conversation also touches on the critical role of education and effective communication from professional bodies to alleviate confusion and anxiety among practitioners.

Key Points Discussed:

AML Management Software Solutions: The episode highlights the significance of managing AML effectively, with a focus on simplifying the compliance process through software solutions like Firm Check.

Impact of AML Regulations: Experiences with VAT returns, inspections, and the mental health impact of compliance challenges underscore the need for better support and guidance for bookkeepers.

Accounting Industry Standards and Practices: Insights from industry leaders stress the importance of aiming for excellence and providing a "gold standard" service in bookkeeping and accounting.

AML for Bookkeepers: The discussion concludes with a focus on prioritising value and offering affordable AML solutions for small practices, highlighting Firm Check's approach to pricing and training.

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Support

Find out what the right next step in bookkeeping is for you. Free calls and books. bookkeeperssupport.com

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About our Sponsor

This episode of The Bookkeepers' Podcast is sponsored by Xero. Find out more at: https://www.xero.com/uk/campaign/new-partner-programme/?utm_source=6FB&utm_medium=podcastnotes&utm_campaign=Q2

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Disclaimer

The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.