Countries across the world are showing an increased drive to clamp down on financial crimes. Fraud and money laundering are international problems, and a global response is required to combat them effectively.
‘Big Four’ member consultancy firm Ernst & Young (EY) has repaid banking group Santander £15m after it failed to help the Spanish lender improve its anti-money laundering (AML) controls, reports suggest.
A financial crime report issued by Fenergo – a leading provider of digital solutions for client lifecycle management (CLM) – features annual figures on global financial institution penalties. The report covered enforcement actions for non-compliance with a range of regulations and shows that anti-money laundering fines globally surged by 53 per cent in 2022, and those for crypto fines rose by over 90 per cent. Regulators globally have been making it explicitly clear that they… Read More »Crypto Financial Institutions Urged to Take AML Compliance Seriously
A recent report from HMRC revealed that several estate agent businesses were penalised for breaching anti-money laundering…
If you are concerned that your current AML policy is out of date, not robust enough, or you simply want to review your processes and adequately train your staff, please get in contact with our team of experts that have years of experience in this field.