AML for the Accounting Sector – It’s here!

This means if you are managing client funds or give instructions on transactions in relation to a legal entity (such as a company) you are an AML reporting entity.  You must complete Customer Due Diligence (CDD) on all new customers before you can provide in scope services. Other activities are in scope too. Please review page 8 of DIA’s Accounting Sector Guideance and DIA’s Bookkeepers explanatory note for more details.

As well as any new customers, DIA also recommends Read More

#Bookkeepcon18

2Shakes loves Bookkeepcon. The support of this amazing professional body is where it all started for us. This year 2Shakes presented on AML/CFT along with the Department of Internal Affairs (DIA). In the pressure to deliver, while Ata was explaining that AML was about protecting NZs economy and reputation, she got a bit excited and told everyone that when it came to AML Phase 2 they needed to…

“….just suck it up and go with it….”

Ata from 2Shakes with DIA at Bookkeepcon

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We have now launched our Anti Money Laundering (AML/CFT) extensions into production – yay! 2Shakes have extended our onboarding software to help you comply with AML/CFT legislation. Want to find out more?  Take a look at what Sue Pak from Xero has to say about 2Shakes in her blog post. Or contact 2Shakes to request a demo or to participate in one of our FREE 30 minute webinairs.

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2Shakes AML gets Ready to Roll

2Shakes Anti Money Laundering (AML/CFT) extensions are ready to launch. All our research, design and technical wizardry from the past year has been released into our BETA environment for final feedback.

We have done loads of demonstrations to AML compliance experts, lawyers, accountants, bookkeepers and government representatives, and we’ve had great feedback.

We’ll now be inviting all our 2Shakes users in NZ to try the beta software from this week, which will give everyone a chance to see how we can help with AML, and help prepare for their Phase 2 release date.

If you are affected by AML Phase 2 don’t put off getting ready. If you deliver in-scope services then you’ll need to comply.  We have some information about it on our website 2Shakes AML section or check out the AML section of DIA’s website.

Whatever you do, get on top of it now. You could see it as a useful opportunity for you to put in some excellent onboarding processes.

2Shakes AML Further Info

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This retrospective, goes through month by month the 2Shakes journey of the last 2 years as we have iterated, experimented.  Thank you to everyone who has help us on our journey.

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This 2Shakes update focuses to Anti-Money Laundering (AML/CFT). We are also releasing some software features to help with different versions of agreements created in 2Shakes.

It’s coming: Will AML impact you? 

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2Shakes has developed its most advanced functionality yet….. more advanced than integration to Xero, more fiddly than Blockchain, and even more complex than multiple electronic signatories… all to let you do more, and it is going to change the way 2Shakes works for the better….

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