Source: AccountancyAge.comAcorah Software Products, the suppliers of tax software, has signed a deal with credit checkers Equifax to help accountants comply with anti-money laundering verifications.
Acorah has released TaxCalc AML Search and Verify Service which allows accountants to access Equifax's database looking up, existence checks and proof of identity.
Tracy Ebdon-Poole, CEO of TaxCalc.com said, 'the depth and accuracy of this data provides our customers with a detailed and reliable verification of the individual.'
'Further anti-money laundering products will be available in the coming months and we will be offering all customers of TaxCalc AML Search and Verify a refund of their initial registration fee when they buy these additional programmes' she added.
The company spent three months developing the software, which costs approximately £1.50 per search, with Equifax expressing an interest in entering the anti-money laundering verification space.
Firms are able to cross reference date all information found on the electoral roll, CCJ records as well as receive alerts from Royal Mail redirections and the Bank of England sanctions list.
Labels: tax software, technology