January regulatory roundup: A busy start for AML, fraud and compliance
The first few weeks of 2026 didn’t ease anyone in gently. Across Anti-Money Laundering (AML), fraud, and compliance, it felt like regulators were already collectively turning up the heat. From updates to sanctions lists and major fines for non-compliance, to shifts in digital ID policy and rising concerns around AI-driven fraud, the landscape has been anything but quiet. Here’s a […]
The UK’s move to a single sanctions list: What compliance professionals need to know
Typically imposed in response to serious issues such as human rights violations, breaches of international law, terrorism, or acts of aggression, sanctions are one of the most visible tools governments use to influence global events and behaviour. At their simplest, sanctions are legal restrictions imposed on individuals, companies, ships, and even entire countries. These restrictions can cover financial dealings, trade, […]
41 key compliance terms you should know
Master the essentials of AML, risk, and compliance in 2026 with this comprehensive glossary of 41 key terms, from AML and CDD to ESG and 6AMLD.
Nationwide handed £44m fine over weak Anti-Money Laundering (AML) and financial crime controls
Last week, Nationwide Building Society, the UK’s largest building society, was handed a £44m fine by the Financial Conduct Authority (FCA) for financial crime failings. For a business that has graced the British high street for over 140 years with a long-standing reputation of prudence and member focus, Nationwide has become the latest target of […]
What can we learn about money laundering from Ozark?
Netflix’s Ozark vividly portrays money laundering schemes, highlighting the importance of advanced AML solutions to detect red flags, identify UBOs, and combat financial crimes effectively.
KYC 101: Understanding Know Your Customer processes and benefits
KYC (Know Your Customer) is a core control for preventing fraud, money laundering, and identity misuse. Weak identity checks expose businesses to regulatory penalties, financial loss, and reputational damage. It also underpins trust. Customers are more likely to engage with services that demonstrate strong security and data protection, particularly as fraud and breaches become more […]
How often should you conduct a KYC data review?
The frequency of conducting a Know Your Customer (KYC) data review depends on several factors, including regulatory requirements, the nature of the business relationship, and the customer’s risk profile. KYC is a core part of anti-money laundering (AML) and counter-terrorist financing controls, ensuring businesses can identify and verify who they are dealing with. Regulators typically […]
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.
Anti-Money Laundering (AML) compliance for legal and professional services firms
Anti-Money Laundering (AML) compliance is more than a regulatory requirement for legal and professional services firms. It’s a safeguard that protects clients, the firm, and the integrity of the financial system. From verifying client identities to monitoring high-risk transactions, firms play a key role in preventing financial crime and maintaining trust in every engagement. Staying […]
Risk-based AML compliance: Strategies, risk appetite, and smarter decision-making
In the world of regulated finance, the stakes are high. Fraud, money laundering, and financial crime are constant threats, and businesses need to stay ahead not just to comply with regulations, but to protect their reputation and maintain trust with clients. For compliance teams, this means going beyond standard checks and adopting strategies that focus […]
Building a smarter FWRA: A practical guide with expert insight
The firm-wide risk assessment (FWRA) often sits at the heart of a law firm’s approach to managing Anti-Money Laundering (AML) risks. Yet many compliance managers face the challenge of turning what can feel like an unwieldy, checklist-driven document into a tool that genuinely reflects the risks their firm faces. Recent conversations among compliance professionals have […]
Essential steps for AML compliance in a global business
Growing your business internationally opens up fresh opportunities, but it also brings a host of compliance challenges that can trip you up if you’re unprepared. Anti‑Money Laundering (AML) laws vary widely by jurisdiction, and failing to adapt your compliance processes as you expand can lead to costly regulatory action and damage to your reputation. This […]