At a time when digital payments and online transactions form the backbone of our financial landscape, ensuring compliance with Anti-Money Laundering (AML) regulations is more important than ever. For payments firms, ensuring compliance with AML regulations can be challenging, however … Read More
AML
Modern techniques for AML fraud detection
With our world becoming more digital by the day, technology is playing a pivotal role in shaping modern compliance and fraud detection. More and more industries are relying on the wonders of technology to aid with efficient processes and create … Read More
Financial crime compliance: The role of KPIs in measuring success
UK regulated businesses face growing challenges in combating financial crimes. Effective KPIs – abandonment rates, onboarding times, penalties, training effectiveness, and regulatory adaptability – are crucial for compliance teams to enhance processes, mitigate risks, and maintain efficiency. … Read More
PSD2 compliance: What businesses need to know
PSD2 enhances payment security, competition, and consumer protection in the EU. Key elements include Strong Customer Authentication, access to account, data privacy, and regulatory compliance, with penalties for non-compliance. … Read More
Key steps in an effective AML process
An effective AML process ensures legal compliance, protects reputation, mitigates risks, enhances efficiency, and fosters sustainable growth through robust due diligence and automated monitoring solutions. … 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 red flags include unusual transactions, unexplained funds, high-value cash, rapid fund transfers, PEP involvement, inconsistent documentation, and refusal to provide information. These require further investigation and potential reporting to authorities. … 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 ensures businesses prevent financial crime, comply with legal obligations, protect reputations, and manage risks effectively. … Read More
AML checks for estate agents: 10 steps to success
AML compliance in real estate is critical to prevent financial crime but can be time-intensive. Effective practices, including comprehensive verification, technology adoption, and ongoing monitoring, ensure compliance, streamline processes, and protect the property market. … Read More