KYB remains one of the most error-prone compliance processes. This article explores three major pitfalls – data silos, one-off checks, and manual reviews – and offers practical steps to improve oversight and automation. … Read More
Blog
Barclays fined £42 million after failing to act on clear financial crime risks
Barclays fined £42 million for failing basic KYB and AML controls, highlighting urgent need for stronger client due diligence and monitoring. … Read More
How a manual KYB compliance process can hold your business back and what to do about it
Manual KYB processes create hidden compliance risks, fragmented data, and audit challenges that put firms at regulatory and reputational risk. Automation streamlines checks, improves visibility, and strengthens your defence against financial crime. … Read More
Building a smarter FWRA: A practical guide with expert insight
This guide shares practical, expert-backed advice on building a smarter FWRA – helping legal firms strengthen AML compliance with clearer data, better templates, and more realistic assessments. … Read More
Why firm-wide risk assessments fail – and what to do about it
Many law firm risk assessments fall short. This guide explores common failures and offers practical steps to build effective, SRA-compliant FWRAs using real operational data. … Read More
HMRC AML fines surge 177%: A data-driven analysis of four years of compliance failures
HMRC AML fines surged 177% over four years. This blog explores key enforcement trends, most fined sectors and regions, common breaches, and the evolving financial impact of non-compliance. … Read More
100+ new UK sanctions against Russia signal tougher AML scrutiny
Over 100 new UK sanctions on Russia raise compliance pressure, demanding faster AML updates, sharper monitoring, and proactive regulatory readiness. … Read More
What Europol’s Serious and Organised Crime Threat Assessment (SOCTA) means for AML compliance teams
Europol’s SOCTA report reveals rising organised crime threats. AML teams must adapt risk assessments, enhance due diligence, and use tech to combat evolving financial crime. … Read More
The biggest AML blunders: 6 case studies and lessons learned
Over the past decade, Anti-Money Laundering (AML) compliance has faced major challenges, with numerous high-profile failures resulting in record fines. Despite increased regulations and advanced compliance frameworks, these high‑profile cases reinforce the need for comprehensive, ongoing AML compliance and remediation. … Read More
Building an AML solution in-house: What it takes and the compliance challenges that follow
Building an in-house AML solution offers control and customisation but brings complex compliance challenges, technical demands, and ongoing regulatory risks. Weigh the benefits against costs, expertise, and long-term viability. … Read More