Coconut + Anti-Money Laundering (AML): Complete Workflow
Preparing for anti-money laundering (aml) and using Coconut? 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 Coconut's import feature.
BankScan AI → Coconut for Anti-Money Laundering (AML)
Convert bank statement PDFs to CSV formatted for Coconut 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 Coconut
Output as CSV with Date, Description, Amount — Coconut accepts a single amount column with positive for income and negative for expenses — dates in DD/MM/YYYY.
Import and use for anti-money laundering (aml)
Upload into Coconut and use the reconciled data for anti-money laundering (aml).
Supported Banks
BankScan AI works with all major UK and US banks, including:
Coconut + Anti-Money Laundering (AML) Features
- Coconut ready — Output formatted as CSV matching Coconut's expected column structure
- Smart integration — Coconut auto-categorises imported transactions by comparing them against your existing Coconut transaction categories, learning your categorisation preferences over time.
- 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 Coconut
After converting your bank statements for anti-money laundering (aml):
- In Coconut, go to Transactions > Import
- Upload the CSV from BankScan AI to bring in transactions from external bank accounts alongside your Coconut banking data
Common Import Issues
Coconut is primarily a banking app — the import feature is designed for bringing in transactions from non-Coconut accounts. Large file imports may time out on mobile.
Coconut 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 Coconut + Anti-Money Laundering (AML)