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The ability to comprehensively identify and verify corporate hierarchies and Ultimate Beneficial Owners (UBOs) has become increasingly important, but also very time-consuming. Most regulated businesse...
Many firms have taken the trouble to digitally transform their onboarding, but are wasting eye-watering sums of money and man-hours on inefficient processes when it comes to ongoing monitoring. And ye...
If we thought 2019 ‘was quite a year’ and that 2020 would bring some challenges, then how on earth do we begin to verbalise the last 9 months? Despite epidemiologists warning of a once-in-a-lifetime p...
Due to time, cost and loss of productivity required to deliver a KYC remediation project, many firms delay activity or avoid the challenge altogether until the regulator comes to call. However, with ...
As a first step towards introducing the Economic Crime Levy, as announced by the Chancellor in his March budget, the Government has issued a consultation document designed to get feedback on how the l...
Digital Transformation (DT), is nothing new; it’s an industry in itself that has become diluted to a point where it has virtually lost its meaning. However it represents a step-change in the speed at ...
On the 31st December 2020, the UK will complete its transition period to leave the European Union (EU), with or without a trade deal agreement in place. Whilst we anticipate that Brexit will affect re...
The government's recent Bounce Back Loan Scheme has been a lifeline for small businesses struggling under the economic pressure of the pandemic. With more than £14bn lent to SMEs and sole traders, the...
The unprecedented uncertainty caused by the pandemic is having a profound impact on SMEs around the globe. Lenders must ensure they deliver funds quickly and efficiently to help ensure the survival of...
Businesses continue to face multiple challenges in achieving compliance with the requirements of the FCA and the 5th Money Laundering Directive (5th MLD), whilst running a tight and effective business...
The Financial Conduct Authority (FCA) recently released it’s Business Plan providing details of their key priorities and activities with particular focus on tackling the Coronavirus (COVID-19) challen...