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
Regulatory Compliance
What is a person with significant control (PSC)?
A person with significant control (PSC) refers to an individual who holds substantial influence or control over a company, either directly or indirectly. The concept of significant control is often used in the context of corporate governance and transparency, particularly … Read More
The importance of PEP screening and customer experience
In this article, we take a look at some of the key strategies and tactics to ensure the fine balance between the need for in-depth scrutiny of PEPs for AML compliance and the delivery of an exceptional customer experience. … Read More
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
Conducting a company director check: a checklist
As a part of the KYB (Know Your Business) process, identifying and verifying the company directors or UBOs (Ultimate Beneficial Owners) is an important step. Conducting a company director check is an essential part of due diligence when dealing with … Read More
Two-week countdown: The FCA Consumer Duty
In this article, we take a look at what the new Consumer Duty is, who it applies to, the expectations of firms affected by the Duty, and how to implement the Duty into operations. … 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
Wired-In webinar: FCA Business Plan 2023/24: What does it mean for compliance?
In a thought-provoking session, we examined the regulatory context of the the FCA’s Business Plan and provided insight for compliance teams. … Read More
The far-reaching repercussions of non-compliance with AML and KYC regulations
Failure to comply with AML and KYC regulations can have severe consequences. In this article, we explore the repercussions of non-compliance. … Read More
Conducting PEP checks: tools and techniques
In this article, we will explore some of the tools and techniques that compliance professionals can use to carry out PEP checks. … Read More