Doctors & GPs + Anti-Money Laundering (AML): The Challenge
As doctor, 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 Doctors & GPs with Anti-Money Laundering (AML)
Automate bank statement conversion for your practice accounts so your accountant can quickly reconcile NHS payments and private income. For anti-money laundering (aml) specifically, BankScan AI extracts Transactions inconsistent with known client profile, cash deposits near reportin automatically.
How Doctors & GPs Handle Anti-Money Laundering (AML)
When preparing bank statements for anti-money laundering (aml), doctors & gps need to GP practices receive Global Sum payments from NHS England, enhanced service payments, QOF achievement payments, and private income. Practice managers . BankScan AI automates the data extraction step.
Key terms you'll encounter: Global Sum, QOF payments, partner drawings, PCSE schedule.
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 doctors & gps 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 Doctors & GPs — Anti-Money Laundering (AML)
- Built for Doctors & GPs — Saves the practice manager 3-4 hours per month on NHS payment reconciliation and partner drawings tracking
- Software compatible — Output works directly with Sage, Xero, IRIS GP Accounts
- 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: Doctors & GPs + Anti-Money Laundering (AML)
When doctors & gps prepare bank statements for anti-money laundering (aml), specific compliance requirements apply.
- NHS GP contracts require accurate financial reporting to PCNs and ICBs. Partnership agreements dictate profit-sharing arrangements that depend on accurate bank reconciliation. CQC financial governance standards apply, and superannuation contributions must be correctly calculated from practice income.
- 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 Doctors & GPs
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 — Doctors & GPs + Anti-Money Laundering (AML)