Top teams can build a proactive AML compliance by encouraging early escalation, practical training, cross-department collaboration, and ethical leadership, creating cultures that protect firms from regulatory risk and financial crime. … Read More
Author Archives: Natalie Davies
FCA AML fines 2015-2025: A decade of data and what it means for you
This blog explores a decade of FCA AML fines (2015-2025), highlighting key enforcement trends, sectors most affected, and common failings. While total fine values fell 68%, enforcement broadened, moving from large retail banks to fintech challengers like Starling and Monzo. … Read More
The top 10 FCA AML fines from the last decade and what they tell us about AML priorities
This report analyses the FCA’s top 10 AML fines between 2015–2025, revealing key compliance failures. It offers actionable insights for firms aiming to strengthen controls and avoid similar regulatory penalties. … Read More
Hidden UBOs: the AML risk hiding in plain sight
Ultimate Beneficial Ownership (UBO) data gaps, often caused by outdated or fragmented KYB processes, create significant AML risks. Automation and continuous monitoring are essential to maintain visibility and prevent compliance failures. … Read More
3 common Know Your Business (KYB) compliance pitfalls and how to avoid them
KYB remains one of the most error-prone compliance processes. This article explores three major pitfalls – data silos, one-off checks, and manual reviews – and offers practical steps to improve oversight and automation. … Read More
Barclays fined £42 million after failing to act on clear financial crime risks
Barclays fined £42 million for failing basic KYB and AML controls, highlighting urgent need for stronger client due diligence and monitoring. … Read More
How a manual KYB compliance process can hold your business back and what to do about it
Manual KYB processes create hidden compliance risks, fragmented data, and audit challenges that put firms at regulatory and reputational risk. Automation streamlines checks, improves visibility, and strengthens your defence against financial crime. … Read More
Building a smarter FWRA: A practical guide with expert insight
This guide shares practical, expert-backed advice on building a smarter FWRA – helping legal firms strengthen AML compliance with clearer data, better templates, and more realistic assessments. … Read More
Why firm-wide risk assessments fail – and what to do about it
Many law firm risk assessments fall short. This guide explores common failures and offers practical steps to build effective, SRA-compliant FWRAs using real operational data. … Read More
HMRC AML fines surge 177%: A data-driven analysis of four years of compliance failures
HMRC AML fines surged 177% over four years. This blog explores key enforcement trends, most fined sectors and regions, common breaches, and the evolving financial impact of non-compliance. … Read More