June 12, 2024
Almost half of financial firms have expressed concerns that current anti-money laundering (AML) regulations lack clarity and fail to address many practical aspects of modern AML […]
June 11, 2024
Client Onboarding Software is becoming more prominent in the legal sector. Law firms are beginning to adopt innovative technology to streamline processes, enhance the due diligence […]
June 10, 2024
The past year has seen a notable surge in Anti-Money Laundering (AML) penalties imposed on estate agents, with average fines now reaching £5,350 – a significant […]
June 7, 2024
The Financial Conduct Authority Conclude Criminal Investigation Into Potential AML Breaches by Monzo
The Financial Conduct Authority (FCA) has decided to drop its criminal investigation into Monzo, the online bank, over potential breaches of anti-money laundering rules. This decision […]
June 6, 2024
In a significant blow to cybercrime, a £1.2 Million money laundering scheme has been unravelled. Five individuals involved in laundering the proceeds of a computer scam […]
June 5, 2024
Standard Chartered, one of the United Kingdom’s leading banks, has found itself at the centre of a legal investigation, with new allegations surfacing in US court […]
June 4, 2024
UBS fined CHF50,000 ($55,220) by Switzerland’s finance ministry after an investigation revealed that employees allegedly failed to report multiple red flags of money laundering spanning several […]
June 3, 2024
The European Parliament has passed a significant package of laws aimed at bolstering the European Union’s capacity to combat money laundering and terrorist financing. These new […]
May 31, 2024
The transformative power of AI in the property industry is beginning to gain real traction. Artificial intelligence (AI) is poised to revolutionise the property industry, bringing […]