In this article, we take a look at some of the key strategies and tactics to ensure the fine balance between the need for in-depth scrutiny of PEPs for AML compliance and the delivery of an exceptional customer experience. … Read More
Regulatory Compliance
Balancing compliance and efficiency: The benefits of using a RegTech solution
RegTech solutions help businesses automate and improve their regulatory compliance efforts. We look at the benefits of introducing RegTech. … Read More
Conducting a company director check: a checklist
Conducting thorough company director and UBO checks during KYB processes helps identify potential financial crime risks, ensures compliance, and protects businesses from reputational damage, fraud, and legal issues. … Read More
Two-week countdown: The FCA Consumer Duty
In this article, we take a look at what the new Consumer Duty is, who it applies to, the expectations of firms affected by the Duty, and how to implement the Duty into operations. … Read More
The FCA’s Business Plan 2023: a deep-dive into commitments, themes and metrics
This guide examines the FCA Business Plan’s key commitments, metrics, and focus areas, and its potential impact on regulated firms. … Read More
Wired-In webinar: FCA Business Plan 2023/24: What does it mean for compliance?
In a thought-provoking session, we examined the regulatory context of the the FCA’s Business Plan and provided insight for compliance teams. … Read More
The far-reaching repercussions of non-compliance with AML and KYB regulations
Non-compliance with AML and KYB regulations can lead to severe legal, reputational, and financial consequences, including fines, restricted access to financial services, and international sanctions, jeopardising business operations. … Read More
Conducting PEP checks: tools and techniques
Compliance professionals play a crucial role in ensuring that their organisations comply with PEP and wider AML regulations. However, identifying and verifying PEPs can be a complex and time-consuming process, particularly for businesses that operate across multiple jurisdictions. … Read More
Anti-money laundering regulations across the world
Money laundering is a serious crime involving the disguising of proceeds of illegal activity as legitimate funds. To prevent this criminal activity, many countries have implemented anti-money laundering (AML) regulations to detect and prevent money laundering by identifying and reporting … Read More
4 signs you need to digitise your AML compliance processes
This comprehensive guide provides an overview of key anti-money laundering regulations and how firms can achieve compliance to avoid fines and penalties. … Read More