Author Archives: Natalie Davies

How to conduct thorough KYB checks without compromising customer experience

At a time when fraud and financial crime are at record highs, safeguarding financial institutions against bad actors is paramount. In the UK, where regulatory scrutiny is strict, compliance teams play a pivotal role in upholding their firm’s defences against … Read More

financial crime

What are the main types of financial crime?

Financial crime is constantly evolving, presenting new and increasingly complex challenges for compliance and counter-fraud professionals.  In order to navigate these challenges, it is important to understand the various types of financial crime, the risks they pose and strategies to … Read More

elements of KYB

7 essential elements of KYB checks

Know Your Business (KYB) checks are a cornerstone of AML compliance for regulated firms in the UK. Compliance with KYB requirements is not only a regulatory obligation, but also a fundamental step in maintaining trust and confidence in the financial … Read More

SRA sanctions

Navigating sanctions and SRA advice: a guide for law firms

This article will provide a detailed overview of the SRA’s stance on complying with sanctions, sharing guidance on adhering to regulatory requirements, and helpful information about how to conduct client identification and screening.  … Read More

fraud prevention

What is fraud prevention and why is it important?

In today’s fast-paced and interconnected financial landscape, the risk of fraud looms large over businesses, threatening their integrity, financial stability, and reputation. For compliance professionals in regulated firms across the UK, the battle against fraud is an ongoing challenge that … Read More

AML training

Understanding the vital role of AML training in regulated firms

Anti-money laundering (AML) measures are crucial in combatting illicit financial activities and protecting the integrity of financial systems. In the UK, where regulatory scrutiny is high, AML training plays an important role in firms, ensuring that employees are equipped with … Read More

financial inclusion

Bridging the gap: How UK firms are addressing financial inclusion

At its core, financial inclusion refers to the access and availability of financial products and services to all individuals and businesses, regardless of their socio-economic status, background, or geographic locations. Whether accessing banking, savings, credit, insurance or payment methods; financial … Read More

UK FinTech Week

What makes the UK one of the best locations for fintech companies? 4 fintech leaders share their take

As part of our week-long celebration of UK FinTech Week, we took to the (virtual) streets to find out what makes the UK one of the best locations for fintechs and where the landscape is heading. … Read More

identity verification

How ID&V applications support regulatory compliance

AML compliance in 2024 is not the same as it was in 2023. Let alone 5 or 10 years ago. New advancements in technology, criminal tactics, scams, means of laundering illicit funds and a whole host of other challenges has … Read More

EU Beneficial Ownership Data

The EU’s Anti-Money Laundering Authority (AMLA) – what is it and what could it mean for AML compliance?

In a bid to strengthen its defences against financial crime, the European Union has taken a significant stride with the establishment of the Anti-Money Laundering and Countering the Financing of Terrorism Authority or AMLA.  As the “central authority coordinating national … Read More