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Alastair's blog archive

2021 (2)
Alastair Lauder

Alastair Lauder

Head of Transformation at P2 FinCrime
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Exposing Financial Crime

The three steps in fixing data for the fight against financial crime

26 Nov 2021

The global cost of financial crime compliance is estimated to be $213.9bn, according to Lexis Nexis’ Global Cost of Compliance 2020 report, up from $180.9bn the previous year. And this is expected to grow. The range of risks outlined by the thousand banks that were surveyed were broad, ranging from customer risk profiling and sanctions screening, ...

Banking Regulations

Why the FCA are disappointed with banks’ failure to embrace AML

19 Oct 2021

NatWest has recently pleaded guilty to three counts of failing to comply with anti-money laundering (AML) legislation. The bank’s CEO Alison Rose said that the bank “failed to adequately monitor and therefore prevent money laundering by one of our customers between 2012 and 2016.” This news will undoubtedly add to the disappointment expressed by i...