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AML Compliance

AML Fine Roundup - 8 of the Biggest Penalties in 2023

by Niamh Hunter

This blog post explores the nuances of AML fines, their consequences, and some of the largest fines ever issued.

AML Compliance

Understanding Group Structure & Ultimate Beneficial Ownership (UBO)

by Niamh Hunter

Going beyond the basic understanding of UBOs and group structures begins to shed light on an otherwise confusing and convoluted aspect of ...

AML Compliance

The Importance of KYC in Financial Services

by Erin Fogarty

KYC is a process for businesses in the financial sector that verifies customer identity, assesses risks, and monitors transactions to ...

AML Compliance

Four Best Practices for Adverse Media Screening with Red Flag Alert

by Erin Fogarty

Financial institutions and corporations face reputational risks when they fail to detect adverse media of Politically Exposed Persons ...

AML Compliance

What is Document Verification and How is it Used for AML Compliance?

by Erin Fogarty

Confirming the identity of a business partner is an importance part of compliance and protecting your business. This involves checking your ...

AML Compliance

What is a Person of Significant Control (PSC) in a Company?

by Erin Fogarty

Understanding what and who a Person of Significant Control (PSC) is within a company is important for any business.

AML Compliance

Are PEPs and Sanctions Checks Mandatory in the UK?

by Erin Fogarty

Businesses need to take necessary measures to combat illegal financial activities and comply with regulations. This involves conducting ...

AML Compliance

Is it a Legal Requirement to Conduct KYC Checks on UK Clients?

by Erin Fogarty

KYC (Know Your Customer) represents a set of procedures designed to verify the identities of clients to ensure transparent and secure ...

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