Anti-Money Laundering (AML) registration ensures businesses prevent financial crime, comply with legal obligations, protect reputations, and manage risks effectively. … Read More
Author Archives: Chris Bourne
What is a person with significant control (PSC)?
A Person with Significant Control (PSC) is an individual with substantial influence over a company’s decisions. Identifying PSCs ensures transparency, compliance, and helps prevent financial crimes and illicit activities. … 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
Horizon scanning: what is it and why is it beneficial?
Horizon scanning helps organisations anticipate emerging trends, risks, and opportunities. It supports proactive decision-making, strategic planning, and compliance by staying ahead of changes in technology, politics, economics, and regulations. … Read More
Conducting a company director check: a checklist
Conducting thorough company director and UBO checks during KYB processes helps identify potential financial crime risks, ensures compliance, and protects businesses from reputational damage, fraud, and legal issues. … Read More
7 reasons why tech-enabled compliance is a gamechanger
Tech-enabled compliance streamlines onboarding, reduces abandonment rates, ensures regulatory adherence, and fosters trust. Automation enhances efficiency, accuracy, and risk management while reducing costs, boosting security, and driving customer satisfaction and long-term loyalty. … Read More
3 ways to ensure a fast and seamless onboarding experience
When onboarding new customers, the process can often be tedious and repetitive. For businesses that are regularly onboarding new customers, it is crucial to reduce abandonment and instil trust by providing a smooth, frictionless onboarding experience to KYC (Know Your … Read More
What is AML?
Anti-Money Laundering (AML) refers to a set of laws, regulations, and procedures designed to detect, prevent, and deter activities related to money laundering and finance terrorism. Money laundering is the process of making illegally obtained money appear legal by passing … Read More
Understanding the basics of Know Your Customer
KYC meaning Before we get started, it’s important to cover what KYC means. KYC stands for “Know Your Customer,” which is a process implemented by businesses and financial institutions to verify and gather information about their customers. The purpose of … Read More
Guide to identity verification in the UK
Identity verification confirms individuals’ identities to prevent fraud and comply with regulations like KYC and AML. Methods include document checks, biometrics, and database screenings, ensuring legal compliance and risk management. … Read More