Author Archives: Natalie Davies

improve kyb processes

The 7-step blueprint to UBO transparency

Tracking down the Ultimate Beneficial Owner (UBO) of a company can sometimes feel like chasing shadows. For regulated firms like yours, this task is essential for protecting your business from risks tied to financial crime. Check out our handy 7-step … Read More

what is a ubo?

What happens when UBOs aren’t identified? The real-world consequences and how you can safeguard your business 

In recent years, the role of Ultimate Beneficial Owners (UBOs) has become a key area of focus for firms operating in regulated industries across the UK. With stricter Anti-Money Laundering (AML) requirements and growing public and regulatory scrutiny, ensuring UBOs … Read More

UBO guide

The invisible stakeholder: An essential guide to UBOs and their hidden risks

Discover how to transform KYB from a compliance headache into a powerful business enabler with our comprehensive guide. … Read More

What is an Ultimate Beneficial Owner (UBO)?

7 reasons why Ultimate Beneficial Ownership (UBO) identification matters

Accurately identifying Ultimate Beneficial Ownership (UBO) has become one of the core issues facing regulated firms across the UK in their ongoing fight against financial crime. As regulators demand more transparency and enforce stronger requirements to fight money laundering and … Read More

KYC checks

UK sanctions strike Russia’s war machine: Implications for AML compliance

In a decisive strike announced this morning, the UK intensified its sanctions against Russia, focusing on cutting off crucial supplies to Moscow’s military efforts in Ukraine and its influence operations in Africa. In a press release issued by the Foreign, … Read More

aml success in banking

TD Bank’s $3bn fine: Balancing people and tech to avoid the next AML catastrophe

In an eye-watering conclusion to one of the most high-profile Anti-Money Laundering (AML) cases in recent years, TD Bank was handed a $3bn fine for violating the Bank Secrecy Act, following criminal charges that it facilitated the transfer of hundreds … Read More

FCA Business Plan

The SRA’s 2024-25 Business Plan: 3 key takeaways for compliance teams

Earlier this month, the Solicitors Regulation Authority (SRA) unveiled its 2024-25 Business Plan, outlining its strategic priorities for the year ahead.  Aimed at improving standards and safeguarding the public, the plan focuses heavily on risk-based regulation, better use of data, … Read More

Economic sanctions

Starling Bank’s £28.9m wake-up call: Lessons for compliance teams

This week, the FCA imposed a near £30m fine on Starling Bank for what it described as ‘shockingly lax’ financial crime controls that left the bank vulnerable to criminal activity. The UK-based digital challenger bank launched in 2016 and quickly … Read More

writing on paper

6 tips to manage false positives and improve AML accuracy

In the world of Anti-Money Laundering (AML) compliance, one challenge stands out as a persistent and costly drain on resources: false positives. For compliance leaders in regulated firms, managing these false alerts can feel like a never ending challenge, investigating, … Read More

AML data

The hidden dangers of shoddy AML data coverage

In Anti-Money Laundering (AML) compliance, where every decision can have extensive consequences, there’s one critical factor that often flies under the radar: the quality of your AML data coverage. And the stakes are high. Using inaccurate or incomplete data during … Read More