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
Author Archives: Natalie Davies
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
Achieving data accuracy for KYB in the payments industry
Know Your Business (KYB) is a critical aspect of compliance in the regulated payments sector. Ensuring data accuracy is paramount, as it directly impacts the ability to meet regulatory requirements, mitigate risks, and maintain trust with stakeholders. The process involves … Read More
5 key AML strategies for investment management firms
With the value of global assets growing rapidly and criminals looking to exploit every avenue to funnel dirty money, investment managers today face both evolving financial crime risks and increased regulatory scrutiny. The wealth and investment management industry is fraught … Read More
Should you build or buy a compliance solution?
As the regulatory environment for the lending industry in the UK becomes increasingly stringent, Know Your Business Anti-Money Laundering (AML) compliance has emerged as a critical concern for businesses across the sector. Given the importance of staying compliant and the … Read More