Get Industry Insightes
Stay Up to Date
on Our Industry
All you need to know about KYC/AML compliance and regulatory demands.
May 11, 2018
The Mind of a Fraudster
Audit your processes before it is too late; you might be over exposed. Blink!!….still there? If the answer is no, well that is how usually Fraud works. Fraud has to do with chances and weaknesses in controls to reflect the true state of something….there are a huge number and types of frauds, with unfortunately internal being the one that hits you the hardest, as it questions the trust you would have placed in your own people…
March 29, 2018
Are AML (Anti Money Laundering) and CFT (Combating the Financing of Terrorism) a thing of the past decade?
The answer is a straight NO. In this blog post we take a brief look at the history of AML. “Behind every great fortune is a
March 13, 2018
In-house or Outsourced – the million dollar question
The two sides of the coin – perception vs. reality. Outsourcing your compliance function is not an easy decision to take at all! Traditionally many have perceived outsourcing as losing control or a last resort measure. Fear of not knowing what is going on or of experiencing potential data breaches were always at the back of one’s mind when deciding whether to outsource KYC and KYB checks.
December 05, 2017
Effectiveness and Efficiency; a Compliance Officer Christmas Wish
A day-to-day true story. “Project 321-A has been assigned to the Conduct Division of Prudential Compliance (37th floor); just call them for an update”….Does it sound familiar? Of course not. Most Compliance Professionals do not work in a corporate environment with armies of people doing one specific job only.
May 16, 2016
Combating money laundering and terrorist financing
The Financial Action Task Force (FATF) has just published its latest recommendations for combating money laundering and terrorist financing. These guidelines are used by over 180
April 16, 2016
Banks’ management of high money-laundering risk situations
The UK Financial Services Authority (FSA) have just published a report criticizing a number of major banks’ shortcomings in dealing with the threat of money laundering.