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
Compliance
Maximising efficiency: The KYB process explained
The KYB (Know Your Business) process refers to the procedures and checks that businesses undertake to verify the identity and legitimacy of their customers or business partners. It involves gathering information and conducting due diligence to ensure compliance with regulations and mitigate risks. … Read More
The future impact of AI-powered compliance on businesses
In today’s rapidly evolving regulatory landscape, compliance is a critical aspect of doing business across industries. From financial institutions to providers, organisations must navigate complex regulations to avoid hefty fines, lawsuits, and damage to their reputation. With the introduction of … 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?
In today’s complex regulatory landscape, compliance management is crucial for businesses to ensure adherence to laws, regulations, and industry standards. A compliance manager plays a pivotal role in implementing and maintaining robust compliance programs within organisations. In this article we … 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
As we prepare to head into a new year, the landscape of Anti-Money Laundering (AML) compliance continues to evolve, shaped by technological advancements, regulatory changes, and shifting global dynamics. In this blog post, we’ll delve into the key trends and … Read More
How technology is shaping the future of compliance
Technology is playing a significant role in shaping the future of compliance across various industries. Here are several ways in which technology is influencing and transforming compliance practices: . Technology is revolutionising compliance by improving efficiency, accuracy, and agility in … Read More
Beyond compliance: how CFOs can leverage AML compliance data for strategic growth
Anti-Money Laundering (AML) compliance is a critical aspect of financial operations for any business. It involves implementing policies and procedures to detect and prevent money laundering and other illicit activities. While compliance is the primary goal, CFOs can leverage AML … Read More
Why compliance data holds the key to business growth
In the dynamic landscape of modern business, success hinges on a balance between innovation, strategy, and adaptability. Amidst all this, there exists an element that often goes overlooked – compliance data. This unassuming but vital asset holds the key to … Read More