For compliance teams in regulated firms, the challenge is clear: streamline AML processes while preventing financial crime and mitigating risk. Yet even with the best intentions, many firms make costly compliance mistakes that leave them vulnerable to penalties and reputational damage. … Read More
Compliance
5 essential steps for AML compliance in global business growth
Expanding into new markets brings enormous growth potential, but it also introduces complex compliance challenges, especially around Anti-Money Laundering AML regulations. However, with the right approach, AML compliance becomes more than a regulatory hurdle – it can actually fuel growth by building trust and stability in new markets. … 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 it remains appropriate or requires changes. … Read More
Maximising efficiency: The KYB process explained
Automating the KYB process offers a transformative solution for organisations looking to streamline operations and enhance their due diligence efforts. By embracing automation, businesses can not only save time and reduce human error but also scale their operations effectively while maintaining the quality of their compliance efforts. … Read More
The future impact of AI-powered compliance on businesses
AI-powered compliance revolutionises business operations by automating processes, enhancing accuracy, predicting risks, and adapting to regulatory changes, enabling cost savings, competitive advantage, and robust reputation management. … Read More
Infographic: Compliance trends in 2024
As the ever-present threat of money laundering, fraud, and financial crime continues to cast a dark shadow over entire financial systems, compliance and AML professionals continue to play a pivotal role in the war against financial crime. Did you know … Read More
What makes a good compliance manager?
A good compliance manager combines regulatory knowledge, attention to detail, analytical skills, communication, ethical integrity, leadership, adaptability, problem-solving, and continuous learning to ensure organisational compliance. … Read More
State of compliance trends report 2024
Data from over 130 compliance professionals from across the country. Insights and predictions on everything from AI and automation to cybersecurity risks and priorities for the year ahead. … 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
How technology is shaping the future of compliance
Technology is transforming compliance through automation, data analytics, RegTech, blockchain, and cybersecurity. It enhances efficiency, accuracy, scalability, and cost savings, enabling businesses to navigate evolving regulations and mitigate risks effectively. … Read More