In the ever-evolving landscape of financial regulations, Anti-Money Laundering (AML) compliance stands as a critical pillar for financial institutions worldwide. As the volume and complexity of financial transactions continue to grow, so does the need for efficient and effective AML … Read More
AML
Behind the schemes: Inside the mind of a fraudster
In this article, we peel back the layers of deception and take a look at what makes fraudsters tick. With real-life case studies from an ex-fraudster, we take a look at the motives, strategies and evolving methodologies used by fraudsters. … Read More
What are the most common types of fraud?
In this article, we take a look at what fraud is, the most common types, and share some insight from an ex-fraudster into their motivations. … Read More
Year in review: The biggest financial crime cases and AML fines of 2023
In 2023, significant financial crimes dominated headlines, with Binance, William Hill, and Deutsche Bank facing record fines for AML violations, highlighting the growing need for stringent regulations and improved compliance measures. … Read More
Essential AML requirements for regulated firms in the UK
With the evolving landscape of financial crimes, compliance professionals play a pivotal role in ensuring that their organisations adhere to essential AML requirements detailed in legislation such as The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017). … Read More
Looking ahead to 2024 in AML compliance
AML compliance in 2024 will emphasise AI, stricter enforcement, cybersecurity, enhanced CDD, and adapting to blockchain challenges, balancing innovation with robust regulatory adherence. … Read More
Year in review: our most popular compliance articles from 2023
A deep-dive into our archive to see which topics the compliance profession found the most valuable in the last 12 months. … Read More
The role of AML checks for solicitors
Solicitors are key to combatting financial crime, conducting AML checks including due diligence, sanctions, and PEP screening. Robust compliance safeguards legal integrity, deterring illicit financial activity and ensuring trust. … Read More
Future-proofing your AML strategy: key considerations for regulated firms
AML compliance strategies must evolve with changing regulations and emerging risks. Integrating technology, improving data quality, and strengthening customer due diligence are key to maintaining effective, future-proof compliance. … Read More
How often should you conduct a KYC data review?
The frequency of conducting a Know Your Customer (KYC) data review depends on various factors, including regulatory requirements, the nature of the business relationship, and the risk associated with the customer. KYC is a critical component of anti-money laundering (AML) … Read More