7 ways challenger banks can rise to FCA’s call for more effective AML controls

In its latest reproach of the AML regulated UK financial service sector, the FCA recently published a report highlighting systemic failings among Fintechs and Challenger Banks to implement robust AML controls in line with money-laundering regulations.  Whilst some challenger banks …

News round-up: Insights from the AML regulators

We’re just beginning the long, steady process of coming out of lockdown, just as the cheery signs of nature emerging from its own annual winter ‘lockdown’ begin to appear around us. The past twelve months have doubtless taught us a …

News round-up: FCA’s ‘Dear CEO’ letter, trafficking update, FinTechs to the...

Welcome to this latest edition of Financial Crime in Focus, our first since the coronavirus pandemic gripped the world and threw everything into panic mode. Thankfully we haven’t spotted any serious toilet roll money laundering scams yet, but it’s clear …

News round-up: How is RegTech helping to fight financial crime?

Will regulatory technology deliver a Utopia that frees AML compliance from inefficiency, increasing costs and limited money laundering detection rates? ‘Regtech’, as it is fondly known, has come a long way – but is it delivering? If the investment figures reported …

News round-up: The Mauritius Leaks, SM&CR, fincrime in football…

For most people August is all about some time off for holidays; indeed as I write, the Harris suitcases are being packed for a short break. I’m sure some of you will be lucky enough to be visiting some exotic …