Marking the start of the parliamentary year, King Charles delivered the newly instated Labour government’s first King’s Speech to both Houses of Parliament last week. In a speech written by the sitting government, the King outlined the draft laws which … Read More
Author Archives: Natalie Davies
How to proactively manage risk in investment firms with automated KYB
For compliance teams in regulated investment and wealth management firms, the landscape of Anti-Money Laundering (AML) compliance is fraught with complexities. The intricate web of regulations, coupled with the ever-evolving nature of financial crimes, demands a robust and adaptive compliance … Read More
Shifting the perspective: Transforming KYB into a business enabler
Discover how to transform KYB from a compliance headache into a powerful business enabler with our comprehensive guide. … Read More
Achieving data accuracy for KYB in the payments industry
Know Your Business (KYB) is a critical aspect of compliance in the regulated payments sector. Ensuring data accuracy is paramount, as it directly impacts the ability to meet regulatory requirements, mitigate risks, and maintain trust with stakeholders. The process involves … Read More
5 key AML strategies for investment management firms
With the value of global assets growing rapidly and criminals looking to exploit every avenue to funnel dirty money, investment managers today face both evolving financial crime risks and increased regulatory scrutiny. The wealth and investment management industry is fraught … Read More
Should you build or buy a KYB compliance solution?
As the regulatory environment for the lending industry in the UK becomes increasingly stringent, Know Your Business (KYB) compliance has emerged as a critical concern for businesses across the sector. Given the importance of staying compliant and the ongoing effort … Read More
Striking the right balance: Streamlining AML compliance and onboarding efficiency
In the regulated investment management industry in the UK, anti-money laundering (AML) compliance is not merely a legal obligation but a strategic opportunity to improve customer experience and boost efficiency. And yet, compliance teams within these firms face a daunting … Read More
What is the significance of risk appetite in a risk-based approach?
Fintechs and other advancements in technology have revolutionised the speed at which payments are made, broadened the reach of cross-border payments, and boosted accessibility to financial services and products to underserved communities and individuals across the world. But, with the … Read More
Making better, faster KYB compliance decisions in the legal sector
For regulated legal firms in the UK, ensuring robust Know Your Business (KYB) compliance is paramount. The regulatory landscape is increasingly complex, with stringent requirements designed to prevent fraud, money laundering, and other financial crimes and, as a result, compliance … Read More
Overcoming the challenges of fragmented KYB
Mounting regulatory pressure and heightened customer expectations are prompting firms to turn to KYB tools in pursuit of seamless onboarding and robust AML compliance. However, the multi-phased nature of KYB has, in some cases, encouraged a piecemeal approach to process … Read More