For compliance professionals, the fight against fraud is not just an operational necessity; it is fundamental to preserving the integrity, stability, and reputation of their organisations. As fraud tactics become more sophisticated, the importance of effective fraud prevention measures grows exponentially. … Read More
Author Archives: Natalie Davies
Understanding the vital role of AML training in regulated firms
As regulatory scrutiny intensifies in the UK, the implementation of robust AML measures has become more crucial than ever. Central to this is effective AML training, which empowers employees across regulated firms with the knowledge and skills needed to identify, prevent, and report instances of money laundering and related financial crimes. … Read More
Bridging the gap: How UK firms are addressing financial inclusion
Financial inclusion ensures that all individuals and businesses have equitable access to financial products and services, empowering marginalised and underserved populations to participate fully in the financial system. To achieve this, it is essential for fintechs, traditional financial institutions, and regulatory bodies to collaborate and create tailored solutions that address the unique needs of diverse communities. … 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
Wired-In webinar: AI in Payments – Security and User Experience
In our latest Wired-In webinar, SEON’s CEO, Tamas Kadar, assessed the ripple effect of AI in payments, highlighting dynamic challenges and opportunities to achieve transformative change. … Read More
How ID&V applications support regulatory compliance
ID&V applications have become indispensable tools for regulated firms, playing a vital role in safeguarding against financial crime. These applications streamline KYC processes by automating identity verification. … Read More
The EU’s Anti-Money Laundering Authority (AMLA) – what is it and what could it mean for AML compliance?
As the EU’s newly centralised force in overseeing anti-money laundering (AML) regulations, the AMLA will work to coordinate national authorities, directly supervise high-risk financial entities, and promote consistency in anti-money laundering practices across the Union. … Read More
Pay 360 recap: Key takeaways and insights from day 2
As Pay360 wraps up, today’s highlights showcased pivotal discussions shaping the future of payments. The event concluded with a nod to the dedicated teams and collaborations that continue to drive progress in the payments sector, with an invitation to join next year’s discussions. … Read More
Pay 360 recap: Key takeaways and insights from day 1
Day one of Pay360 at Excel London highlighted the latest trends and challenges shaping the future of payments. Keynote speaker Mandy Lamb of Visa discussed how leveraging open data can enhance both customer experience and payment security. … Read More
The FCA’s latest ‘Dear CEO’ letter to firms and how to implement the recommendations
The UK’s Financial Conduct Authority (FCA) recently issued a ‘Dear CEO’ letter, highlighting common deficiencies in regulated firms’ anti-money laundering (AML) frameworks. Key issues include inadequate customer due diligence (CDD), insufficient risk assessments, lax ongoing monitoring, and inadequate employee training. … Read More