The UK’s Companies House introduces mandatory identity verification from 18 November 2025, requiring directors and PSCs to verify their identities, with significant implications for compliance, onboarding, and AML/KYC frameworks. … Read More
Regulatory Compliance
Top AML compliance trends in the UK: Enforcement highlights from 2025
AML compliance is shifting toward real-time governance, increased enforcement in legal sectors, stricter PEP/UBO scrutiny, and a “prove it” culture, requiring firms to actively demonstrate effective AML controls. … Read More
Re-shaping AML supervision in the UK: FCA appointed as Single Professional Services Supervisor (SPSS)
The FCA has been appointed Single Professional Services Supervisor, centralising AML/CTF oversight for law, accountancy, and TCSP firms. Transition milestones, consultations, legislation, and phased implementation guide firms’ compliance readiness. … Read More
How compliance teams can build a proactive AML compliance through culture
Top teams can build a proactive AML compliance by encouraging early escalation, practical training, cross-department collaboration, and ethical leadership, creating cultures that protect firms from regulatory risk and financial crime. … 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
TD Bank’s $3bn fine: Balancing people and tech to avoid the next AML catastrophe
In a dramatic conclusion to one of the most significant AML cases in recent years, TD Bank was hit with a staggering $3 billion fine for violating the Bank Secrecy Act. The case exposed serious shortcomings in TD Bank’s AML policies, shaking the global financial industry and raising critical questions about the bank’s regulatory compliance. … Read More
The King’s Speech 2024: Key takeaways for AML and FinCrime compliance
In the first King’s Speech of the Labour government, King Charles outlined legislative plans focused on public health, energy transition, economic growth, and crime prevention, including measures that could impact anti-money laundering (AML) compliance. … Read More
5 key AML strategies for investment management firms
Investment management firms face significant financial crime risks and regulatory scrutiny, making robust AML compliance essential. Key strategies include developing comprehensive KYB/KYC procedures, adopting a risk-based approach, ensuring ongoing monitoring, and leveraging automated systems to streamline compliance processes and enhance accuracy. … Read More
Striking the right balance: Streamlining AML compliance and onboarding efficiency
Firms in the UK face the challenge of balancing stringent AML compliance requirements with efficient client onboarding processes. By adopting a risk-based approach and leveraging automated technologies, firms can streamline due diligence and monitoring efforts, improving both regulatory adherence and operational efficiency. … Read More
7 ways to streamline KYB compliance processes for legal firms
Ensuring compliance with KYB regulations is essential for every law firm, yet the process can often feel daunting, especially when fee earners are burdened with manual checks. Manual KYB processes are typically slow, error-prone, and prone to oversight, posing compliance risks due to the complexities of handling extensive client data. … Read More