There is a fine balance between driving revenue, ensuring compliance, and maintaining operational efficiency in regulated firms. Nowhere is this truer than in the area of Anti-Money Laundering (AML) compliance, where the stakes are high. The regulatory landscape in the … Read More
Author Archives: Natalie Davies
6 AML compliance mistakes you didn’t know you were making
Compliance teams in regulated firms face a constant balancing act of staying efficient while ensuring Anti-Money Laundering (AML) procedures are comprehensive enough to prevent financial crime and mitigate undue risk. The pressure is constantly on to streamline processes, minimise errors, … Read More
5 essential steps for AML compliance in global business growth
For many firms, expanding into new markets offers huge potential for growth. With every new country comes a fresh pool of customers, greater revenue potential, and the chance to become a global player. But with great opportunity comes significant risk … Read More
The biggest AML blunders: 5 case studies and lessons learned
A closer look at some of the biggest AML failings of recent years and how these headline-making cases became a stark reminder of the critical importance of robust AML practices. … Read More
5 manual KYB processes that shouldn’t exist in 2024
In today’s modern, tech-driven world, manual Know Your Business (KYB) onboarding processes belong in the past. Not only are they costly, but error-prone, and risky. While there is no questioning the importance of KYB checks, the growing complexity of regulations … Read More
The NCA’s National Strategic Assessment: Essential AML takeaways
Yesterday, the National Crime Agency (NCA) released its latest National Strategic Assessment (NSA), providing a comprehensive analysis of the current state of serious and organised crime in the UK. This year’s report highlights a growing threat from drug-related crimes, with … Read More
Managing PEPs: 4 proposed changes to FCA guidance
As part of their compliance with the Financial Services and Markets Act 2023 (FSMA 2023), the Financial Conduct Authority (FCA) and other regulatory bodies designated by HM Treasury are required to review how firms are applying their guidance to ensure … Read More
The King’s Speech 2024: Key takeaways for AML and FinCrime compliance
Marking the start of the parliamentary year, King Charles delivered the newly instated Labour government’s first King’s Speech to both Houses of Parliament last week. In a speech written by the sitting government, the King outlined the draft laws which … Read More
How to proactively manage risk in investment firms with automated KYB
For compliance teams in regulated investment and wealth management firms, the landscape of Anti-Money Laundering (AML) compliance is fraught with complexities. The intricate web of regulations, coupled with the ever-evolving nature of financial crimes, demands a robust and adaptive compliance … Read More
Shifting the perspective: Transforming KYB into a business enabler
Discover how to transform KYB from a compliance headache into a powerful business enabler with our comprehensive guide. … Read More