A comprehensive guide to help you choose the right AML compliance software partner for your business.
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RegTech
The ultimate guide to buying AML compliance software
Balancing compliance and efficiency: The benefits of using a RegTech solution
RegTech solutions help businesses automate and improve their regulatory compliance efforts. We look at the benefits of introducing RegTech. … Read More
Using an anti-money laundering solution to identify and prevent financial crime
Using an anti-money laundering solution has fast become a key part of the compliance professional’s toolkit when performing customer due diligence. … Read More
12 Benefits of Using KYC Software
Faster, easier and lower-cost digital channels have been adopted by regulated organisations to achieve new business growth. However, current regulatory requirements create a complex landscape, particularly when it comes to delivering the convenience of signing up through digital channels and the business is still using manual processes for Know Your Customer (KYC) identity verification. … Read More
Amber Management to Safeguard Compliance Risk
Regulated businesses have always found it difficult to recognise, monitor and report on the number of Ambers. … Read More
How Exposed is Your Regulated Business to Periodic Review Risk?
It now appears inevitable that the global spread of COVID-19 will cause a severe, if hopefully short-lived, recession. All economic downturns prompt greater levels of fraud and money laundering activity. Compliance Officers will need to be on the lookout for warning signs of criminal activity and ensure that the undoubted pressures of the current crisis does not weaken their focus on compliance and proper risk management. In this blog, we discuss the issues facing compliance professionals and how, in the current environment, a compliance team can be more efficient. … Read More
6th Anti-Money Laundering Directive 6AMLD
Despite the ongoing pandemic and Brexit negotiations, the European Union’s (EU) 6th Money Laundering Directive (6AMLD) comes into effect on the 3rd December 2020. The new directive is designed to invigorate the anti-money laundering efforts of financial institutions by incentivising good practice throughout sectors open to abuse by money launderers. It offers broader liability and more clarity on the regulation, whilst increasing the severity of punishments for money laundering offences. With these tougher rules business leaders will have to take it seriously. Read our latest piece to ensure you are up-to-speed on the Directive’s requirements.
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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