Cryptocurrencies have become increasingly popular in the UK, with more people and businesses investing in digital assets. However, with the growth of the cryptocurrency market comes the risk of money laundering, terrorist financing, and other illicit activities. The risk and … Read More
Author Archives: Natalie Davies
The FATF’s grey and blacklists: what are they and how do they impact compliance?
The FATF’s black and grey lists identify countries with AML/CFT deficiencies. Businesses must screen clients against these lists and implement enhanced due diligence to ensure compliance with global regulations.
A complete guide to anti-money laundering (AML) regulations in the UK
This comprehensive guide provides an overview of key anti-money laundering regulations and how firms can achieve compliance to avoid fines and penalties. … Read More
The rise and fall of Silicon Valley Bank: key takeaways from its collapse
Silicon Valley Bank’s collapse highlights the importance of robust risk management, strategic planning, and compliance for FinTechs navigating high-risk sectors and supporting startups in volatile economic conditions. … Read More
What is Enhanced Due Diligence (EDD)?
Enhanced Due Diligence (EDD) investigates high-risk customers, addressing money laundering or terrorism financing risks through advanced checks, ongoing monitoring, and automation, ensuring compliance and mitigating financial crime efficiently. … Read More
Infographic: Compliance trends in 2023
2022 threw global events, new regulations and record-breaking fines into the compliance melting pot. And yet, the war against bad actors, money launderers and criminals continues to wage. As fraudsters evolve and continue to develop their shady strategies, so too … Read More
5 things to consider when choosing right to work software
In today’s fast-paced business environment, HR and hiring managers increasingly rely on technology to streamline their processes and improve overall efficiency. With digital right to work software, the entire recruitment and onboarding process can be dramatically improved, meaning your employees … Read More
The importance of ongoing monitoring in KYC compliance: tips for effective risk management
Know Your Customer (KYC) compliance programs are not one-hit processes, ongoing monitoring is key for effective risk management. … Read More
What are the most common types of fraud in cryptocurrency?
Cryptocurrency is yet to become fully regulated. In the meantime, it’s vital to know how to spot payment fraud in crypto. Learn how to spot the signs here. … Read More
What information is needed for a KYB check?
In this article, we discuss the importance of KYB checks and take a look at the documents required for conducting a compliant check. … Read More