One of the major themes in compliance in recent years has been the rise of Human Rights Due Diligence (HRDD) legislation in Europe and the US. Now, this trend appears to be expanding into the Asia-Pacific region after a recent initiative by the Japanese government...
A Step-by-Step Guide to Conducting Politically Exposed Persons Checks Politically Exposed Persons (PEPs) refer to individuals who are or have been entrusted with a prominent public function, either domestically or internationally. Such persons can include high...
All You Need to Know About Global AML Regulations Across the globe, governments, financial institutions, and international regulatory bodies are diligently working to enforce stringent Anti-Money Laundering (AML) regulations. These measures are established to...
When it comes to business, it’s important to have high standards—especially when evaluating risk and protecting your reputation. To do so requires a comprehensive due diligence process that’s powered by information that you can trust. And with so many other responsibilities...
Alleged compliance breaches have led to combined fines and settlements worth hundreds of millions of dollars in Q2 of 2023. Regulators have taken enforcement action against companies over their activities in jurisdictions spanning four continents. In this blog...
New Wolfsberg Principles warn global banks of the risk factors that require Enhanced Due Diligence on a wide range of data The Wolfsberg Principles are widely regarded as authoritative guidance for how financial institutions should respond to the rising risks...
In the last month, some of the world’s biggest banks have faced votes from investors to improve their ESG and climate records. This is just the latest evidence that a growing proportion of shareholders, employees and consumers want to invest in, work for and buy...
New report shows the urgent challenge of understanding third party environmental impacts and the opportunity of effective due diligence Only 5% of the UK’s largest companies have published a ‘credible’ environmental plan that would comply with forthcoming regulations...
What are the Money Laundering Regulations in the UK? Money laundering is a significant global issue that threatens the stability and integrity of financial systems. The UK has established comprehensive anti-money laundering ( AML ) regulations to combat this...
Examples of Money Laundering Schemes Learn how to protect your organisation from common examples of money laundering as we explore the world of money laundering techniques , uncovering the many methods used by criminals to hide their illegal profits. From simple...
A multinational telecommunications company has pleaded guilty to breaching the anti-bribery provisions of the US Foreign Corrupt Practices Act and must pay a $206 million penalty. In this blog, we look at the judgement by the US Department of Justice, and highlight...
Required Components of KYC Documentation When dealing with many types of organisations, it is essential to comply with the Know Your Customer (KYC) requirements. KYC documentation consists of several documents that are used by businesses to verify their customers...
How are AML and KYC Related? When it comes to financial security, Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have become a key part of the global compliance landscape. But what exactly do these two financial safeguards mean? What’s the...
Rules & Regulations of the Compliance Landscape: Best Practices in Compliance In today's increasingly regulated business environment, organisations have to stay ahead of the ever-growing compliance landscape. It is essential for businesses to ensure they are...
The UK’s Financial Intelligence Unit The UK Financial Intelligence Unit (UKFIU) is an essential organisation, offering vital intelligence about terrorist financing, money laundering and other activities that could impact businesses and other aspects of the finance...