In an effort to keep ahead of the game we’re constantly looking for the next big breakthrough, and we’re being told that ‘The metaverse’ is it. But is it really, and what effect will it have on AML professionals and … Read More
Compliance
Combatting the Rise of Financial Crime in a Post-Pandemic World
Levels of financial crime have been building for many years. The scale of that increase is open to conjecture, because there are as many answers as there are sources of statistics, but no-one disagrees that the overall levels continue to … Read More
Spotting The Signs Of Money Laundering in Property Transactions
Firms from across the real estate sector were fined £190,000+ in 2021 for failing to comply with money laundering regulations. In information publicly available from HMRC, with the highest fine a crippling £52,000. With penalties being issued for failures in … Read More
The 11 best resources for compliance professionals
Stay informed on compliance trends with these top resources, including industry associations, news platforms, podcasts, and reports, offering guidance, insights, and updates for compliance professionals globally. … Read More
This Month in Compliance: May 2022
Each month, we take a look at the latest compliance news and insights to keep you on top of what you need to know from across the industry. During May, an eye-opening Europe-wide report on compliance from the Council of … Read More
Understanding Your Customer (UYC): An Evolution of KYC
In the past two decades, significant advances have been made in how organisations achieve compliance with Anti-Money Laundering regulations. From huge strides in KYC technology to the sheer volume of data that is now readily available to regulated businesses to … Read More
Know Your Customer (KYC) and Know Your Business (KYB) checks: What is the difference?
Financial crime is rife. As dishonest individuals, or bad actors as we know them, develop new ways of committing economically-motivated transgressions, businesses have to ensure they keep pace in fighting their crimes. Know Your Customer (KYC) and Know Your Business … Read More
6 common barriers to effective KYC client onboarding
Since the 5th Anti-Money Laundering Directive (5th MLD) came into force on the 10th January this year, there has been some confusion around reporting information to Companies House. Vanessa Richard explains it in the latest blog. … Read More
How the 5th MLD has affected beneficial owners and Companies House discrepancies reporting
Since the 5th Anti-Money Laundering Directive (5th MLD) came into force on the 10th January this year, there has been some confusion around reporting information to Companies House. Vanessa Richard explains it further. … Read More
Remote Verification: How Regulated Firms Can Protect Themselves & Thrive
In a digital world, your clients expect to be able to sign up instantly, anywhere at any time, in any case, so not being able to meet face-to-face shouldn’t be an issue. Regulated firms, who generally rely on face-to-face meetings, are facing a particularly tough time … Read More