In an effort to keep ahead of the game we’re constantly looking for the next big breakthrough, and we’re being told that ‘The metaverse’ is it. But is it really, and what effect will it have on AML professionals and … Read More
AML
A New AML Register for Property Firms: The Register of Overseas Entities
On August 1st, the UK Government released a new public property register to attempt to put a dent in the £100bn of ‘dirty money’ that gets laundered through the UK every single year. The Register of Overseas Entities requires any overseas … Read More
Spotting The Signs Of Money Laundering in Property Transactions
Firms from across the real estate sector were fined £190,000+ in 2021 for failing to comply with money laundering regulations. In information publicly available from HMRC, with the highest fine a crippling £52,000. With penalties being issued for failures in … Read More
NorthRow brochure
NorthRow significantly reduces the administrative overheads associated with regulatory requirements, providing the ability to add workflows, automation and application integration to your processes. … Read More
This Month in Compliance: July 2022
Each month, we take a look at the latest compliance news and insights to keep you on top of what you need to know from across the industry. In July, momentum continued to gather behind the ‘metaverse’. At Money 20/20 … Read More
This Month in Compliance: May 2022
Each month, we take a look at the latest compliance news and insights to keep you on top of what you need to know from across the industry. During May, an eye-opening Europe-wide report on compliance from the Council of … Read More
What Can We Learn about Money Laundering from Ozark?
Popular fictional Netflix drama, Ozark depicts the dramatic shift in the career of Marty Byrde. From family friendly, but disengaged Financial Advisor to, at one point, being the Acting Head of the second largest drug cartel in Mexico. Marty and … Read More
What is Know Your Business (KYB) and Why Does it Matter?
Know Your Business is the mandatory method by which banks and financial institutions get to know their customers’ businesses to ensure everything is above board in order to minimise the risk of financial crime, money laundering or other fraudulent activity … Read More
Compliance Cost of Amber Management
A world of binary results of either pass or fail, (Green or Red) would be nirvana; but that just isn’t realistic. There will always be cases that require further due diligence before you safely commit to onboard, or continue to interact with the customer, or not. Ambers are those cases that fall between the ‘accept’ or ‘decline and cause your business a challenge. … Read More
Building Societies Digital Transformation
Digital transformation projects have been fast-tracked for Building Societies Learn more now. … Read More