Bill.com + Anti-Money Laundering (AML): Complete Workflow
Preparing for anti-money laundering (aml) and using Bill.com? AML compliance officers need to review bank statements to identify suspicious transactions, unusual patterns, and politically exposed person (PEP) activity. BankScan AI bridges the gap between your bank's PDF statements and Bill.com's import feature.
BankScan AI → Bill.com for Anti-Money Laundering (AML)
Convert bank statement PDFs to CSV formatted for Bill.com import. Convert bank statements to searchable, sortable spreadsheets for systematic AML review, transaction pattern analysis, and suspicious activity report preparation.
How It Works
Upload your bank statement PDF
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.
AI formats for Bill.com
Output as CSV with N/A — Bill.com is AP/AR software. Use BankScan AI data to verify that Bill.com-initiated payments cleared the bank correctly. — dates in MM/DD/YYYY (for reference).
Import and use for anti-money laundering (aml)
Upload into Bill.com and use the reconciled data for anti-money laundering (aml).
Supported Banks
BankScan AI works with all major UK and US banks, including:
Bill.com + Anti-Money Laundering (AML) Features
- Bill.com ready — Output formatted as CSV matching Bill.com's expected column structure
- Smart integration — Cross-reference BankScan AI bank data with Bill.com payment records to catch failed payments, duplicate charges, and timing differences between payment initiation and bank clearing.
- 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.
Import for Anti-Money Laundering (AML) into Bill.com
After converting your bank statements for anti-money laundering (aml):
- Bill
- com doesn't import bank statements directly
- Use BankScan AI CSV output to reconcile Bill
- com payment records against actual bank debits and credits in your accounting software
Common Import Issues
No direct import. Common reconciliation issue: Bill.com batches multiple payments into single ACH debits — use BankScan AI's date and amount data to match batch totals.
Bill.com Import for Anti-Money Laundering (AML)
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
Convert for Bill.com + Anti-Money Laundering (AML)