Architects + Anti-Money Laundering (AML): The Challenge
As an architect, preparing bank statements for anti-money laundering (aml) is a common but time-consuming task. AML compliance officers need to review bank statements to identify suspicious transactions, unusual patterns, and politically exposed person (PEP) activity.
How BankScan AI Helps Architects with Anti-Money Laundering (AML)
Convert your bank statements to structured spreadsheets to match stage payments against projects, track professional fees, and prepare for your accountant. For anti-money laundering (aml) specifically, BankScan AI extracts Transactions inconsistent with known client profile, cash deposits near reportin automatically.
How Architects Handle Anti-Money Laundering (AML)
When preparing bank statements for anti-money laundering (aml), architects need to Architects invoice clients at RIBA work stages (concept, developed design, technical design, construction), then reconcile bank statements to verify p. BankScan AI automates the data extraction step.
Key terms you'll encounter: RIBA work stages, stage payment, fee proposal, professional indemnity.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload Ongoing monitoring typically reviews 3-12 months; enhanced due diligence on high-risk clients may require 2+ years of transaction history of statements for anti-money laundering (aml).
AI extracts what you need
Our AI extracts Transactions inconsistent with known client profile, cash de — formatted for architects workflows.
Complete your anti-money laundering (aml) work
Download Excel files ready for anti-money laundering (aml). Sortable by amount (descending) to identify large transactions, filterable by transaction type, with counterparty names searchable for sanctions list cross-referencing
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Architects — Anti-Money Laundering (AML)
- Built for Architects — Saves 1-2 hours per month on project payment tracking and expense allocation across concurrent projects for a typical small practice
- Software compatible — Output works directly with Xero, FreeAgent, Harvest
- Built for Anti-Money Laundering (AML) — Convert bank statements to searchable, sortable spreadsheets for systematic AML review, transaction pattern analysis, and suspicious activity report preparation.
- Key data extracted — Transactions inconsistent with known client profile, cash deposits near reporting thresholds (structuring), international transfers to high-risk jurisdictions, rapid movement of funds through accounts
Compliance: Architects + Anti-Money Laundering (AML)
When architects prepare bank statements for anti-money laundering (aml), specific compliance requirements apply.
- ARB (Architects Registration Board) registration is required to practise. Professional indemnity insurance is mandatory and costs must be tracked. RIBA Chartered Practice standards include financial management requirements. CIS may apply when architects act as principal contractors.
- Legal basis: Proceeds of Crime Act 2002 sections 327-329; Money Laundering Regulations 2017 (SI 2017/692); FCA Financial Crime Guide (FCG)
Anti-Money Laundering (AML) — Built for Architects
Suspicious Activity Reports (SARs) should be filed with the NCA promptly; consent SARs require a response within 7 working days plus a 31-day moratorium period
Try Free — Architects + Anti-Money Laundering (AML)