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
Author Archives: Natalie Davies
Bridging the gap: How UK fintechs 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
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
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
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
The FCA’s latest ‘Dear CEO’ letter to firms and how to implement the recommendations
In the UK, the Financial Conduct Authority (FCA) plays an important role in safeguarding the integrity of the nation’s financial system. Last week, the FCA issued a ‘Dear CEO’ letter addressed to leaders of regulated firms, outlining their findings from … Read More
AI tops the list of biggest threats to regulated firms this year
55 percent of regulated businesses surveyed see AI as their biggest threat this year Over half of regulated companies in the UK see the deployment of AI as their biggest threat this year, while the evolving regulatory landscape and economic … Read More
The Economic Crime and Corporate Transparency Act: A guide to identity verification
In this article, we take a look at what this landmark legislation entails, the changes it will bring about, and its implications for accountancy firms in the UK. … Read More
The role of tech in improving AML processes: overcoming 5 key challenges
At a time when AML regulations are evolving on a near weekly basis, the importance of ensuring complete compliance with this legislation remains paramount for regulated firms in the UK. While manual compliance processes have been the norm for many … Read More
The three biggest challenges facing AML compliance teams in 2024
Amid increasing pressure from the regulators and ever-evolving legislation, modern financial institutions and regulated firms have bigger obligations than ever to ensure compliance and combat financial crime. We embarked on a comprehensive research journey towards the end of 2023 to … Read More