News & Blogs

Skilled staff Blog Share – Website

Skilled Staff is Key to Effective AML Compliance

Finding experienced staff is the most important factor for effective anti-money laundering (AML) compliance, a new report has found. According to PwC’s EMEA AML Survey 2024, 28% of respondents indicated…
Bank costs Blog Share – Website

AML Compliance Costs UK Banks £34bn Annually

Complying with anti-money laundering (AML) regulations is costing UK banks £34bn every year, a new report from the Institute of Economic Affairs has found. However, despite the figure being almost…
Companies House Blog Share – Website

New Powers for Companies House Over Company Names

Companies House has strengthened its powers to challenge or change company names it considers false or misleading under new measures granted by the Economic Crime and Corporate Transparency Act. The…
Estate Agents Fines Blog Share – Website

Estate Agents Hit With £1.6m AML Fines

More than 250 estate agency firms have been fined in excess of £1.6m for anti-money laundering (AML) breaches, according to a report by online membership organisation Propertymark. HMRC has imposed…
Money Mules Blog Share

UK Cracks Down on Money Mules

The UK government has launched its biggest-ever crackdown on money mules by unveiling a 22-point plan to disrupt money mule activity in the country and support exploited victims. The Action…
Accountants blog share

Accountants Fined Almost £100,000 In AML Breaches

Accountancy firms and tax advisers have been hit with fines totalling £98,870 for breaches of anti-money laundering (AML) regulations between 1 April 2023 to 30 September 2023, according to latest…
AML Fine Art Blog Image

Men Jailed in £2.6m Fine Art Money Laundering Scam

Two men who made millions from selling fake paintings to vulnerable and elderly victims have been jailed following a six-year money laundering investigation. Behrad Kazemi and Raj Nasta were sentenced…