In today’s digital age, regulated businesses in the UK face increasing challenges in combatting financial crimes. With the rise in sophisticated money laundering schemes and fraudulent activities, there’s an urgent need for compliance teams to ensure that financial crime prevention … Read More
AML
PSD2 compliance: What businesses need to know
PSD2, or the Second Payment Services Directive, is a regulatory framework implemented by the European Union to govern payment services and providers within the EU and EEA. It aims to enhance the security of electronic payments, foster competition, and improve … Read More
Key steps in an effective AML process
An effective Anti-Money Laundering (AML) process is crucial for financial institutions and businesses to detect and prevent money laundering activities. In today’s complex and heavily regulated business environment, having an effective compliance process is paramount for the success and sustainability … Read More
Mastering modern compliance: 10 tips for choosing the best AML software partner
In an age of digital transformation, compliance professionals are faced with the immense task of conducting comprehensive KYC (Know Your Customer), Know Your Business (KYB), and AML (Anti-Money Laundering) checks on their customers. For a smooth, friction-free customer onboarding experience, … Read More
Top money laundering red flags in the UK
Money laundering is a serious financial crime that involves disguising the proceeds of illegal activities as legitimate funds. In the UK, there are several red flags that financial institutions and authorities look for to detect potential money laundering activities. Some … Read More
Adverse media: how and where to check for negative news
In this article, we look at what adverse media is, why it is important, and how to check your customers for any negative news. … Read More
Who must firms register with for anti-money laundering purposes?
Anti-Money Laundering (AML) registration and the subsequent regulations that firms must adhere to are crucial for firms and the broader financial system for several important reasons. First and foremost for preventing criminal activities: AML regulations are designed to prevent businesses … Read More
AML checks for estate agents: 10 steps to success
In this article, we take a look at the key steps to successful AML for estate agents to ensure compliance with regulations in the market. … Read More
What is AML?
Anti-Money Laundering (AML) refers to a set of laws, regulations, and procedures designed to detect, prevent, and deter activities related to money laundering and finance terrorism. Money laundering is the process of making illegally obtained money appear legal by passing … Read More
The FCA’s Business Plan 2023: a deep-dive into commitments, themes and metrics
This guide examines the FCA Business Plan’s key commitments, metrics, and focus areas, and its potential impact on regulated firms. … Read More