Anti-money laundering verification of shell companies is a challenge. A shell company is a company, or corporation, that exists only on paper and has no office or employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or ships. … Read More
Beneficial Owner Monitoring
Beneficial owners in a complex company structure
Businesses can identify suspicious links to organised crime by uncovering beneficial owners, directors, and complex company structures, ensuring compliance with money laundering regulations and enhancing transparency. … Read More
Top Compliance Trends You Need to Know for 2019
Money-laundering and compliance failures within large banks and institutions dominated the financial news in 2018. To help you not fall foul of the regulations in 2019, we have gathered a list of top 9 compliance trends this year and how they may impact how you do business. … Read More
Why do businesses need to do KYC AML checks?
The UK enforces strict AML and KYC regulations, requiring businesses to verify customer identities and monitor transactions. Compliance ensures protection against financial crimes and avoids penalties, with automation improving efficiency. … Read More