Anti Money Laundering - Complyport UK Consultancy Service

Suspicious Activity Reporting: What You Need to Know

Overview Money laundering poses a significant threat to the UK’s financial system, enabling organised crime groups to conceal illicit funds and sustain their criminal activities. The National Crime Agency (NCA) […] [...]

UK Ranked Second in Global Money Laundering Offences

Silver medal for UK in Money Laundering Offences The United Kingdom has been ranked second globally for money laundering offences, according to the latest report by Smart Search. The report […] [...]

The EU Anti-Money Laundering Reforms: Everything You Need to Know

The European Union’s new Anti-Money Laundering (AML) reforms are set to transform the financial sector with the establishment of the Anti-Money Laundering Authority (AMLA). The new EU authority, which will […] [...]

Understanding HMRC’s Role in AML Supervision

What is HMRC AML supervision? His Majesty’s Revenue and Customs (HMRC) Anti-Money Laundering (AML) supervision refers to the oversight provided by the authority under the Money Laundering, Terrorist Financing and […] [...]

Adopting a Holistic Approach to Combating Financial Crime: An Interview with Nicola Christofides, Assistant Director, Complyport

Nicola Christofides, Assistant Director of Compliance at Complyport, gave a recent interview with The Compliance Digest where she discussed adopting a holistic approach to combating financial crime. She tackles fraud, […] [...]

FCA Reviews Challenger Banks’ Financial Crime Controls

The fast, no-fuss, easy to access and control accounts that challenger banks claim to be offering are attractive to the consumer who desires speed and agility. However, this also seems […] [...]

Following the Money: Recent FATF Compliance Findings

Historically, Financial Action Taskforce (FATF) evaluations focused on their member countries having implemented the recommendations. Now, the evaluations focus much more heavily on the effectiveness of the implementation. This is […] [...]

It’s All Happening in Financial Crime: Recent News Round-Up

With the FCA pushing hard to tighten the noose on regulations surrounding crypto firms and cryptoasset providers, the crypto space has been the forefront of very interesting discussions about opportunities […] [...]

Has Brexit Enabled The UK To Implement A Stronger Anti-Money Laundering Regime?

After the UK left the EU on 31 January 2020 (“Brexit”), the United Kingdom started following new rules under its own Sanctions and Anti-Money Laundering Act. No longer subject to […] [...]

An Update on the EU’s AML Regulatory Package

On 20 July 2021, the EU Commission put forward an ambitious new AML (anti-money laundering) package which consists of three new Regulations and a Directive to strengthen the current EU […] [...]

FATF Plenary Meeting Summary

The 2022 Financial Action Task Force (FATF) Plenary Meeting took place in Paris between the 2nd– 4th of March. Representatives of the 206 members of FATF were present at the […] [...]

Complyport’s Response to NatWest Money Laundering Fine

Failure to spot offences at multiple levels of the organisation necessitates “culture of compliance from the top down” and review of training & procedures. On Monday 13 December, NatWest plead […] [...]

Key Changes in Anti-Money Laundering and Terrorist Financing Regulations

There has been significant movement in Anti-Money Laundering (AML) and Terrorist Financing regulation over recent months. A Dear CEO letter in May 2021, issued by the FCA to retail banks, […] [...]

Further amendments to the JMLSG Guidance

Of relevance to: All regulated firms Key dates: Applicable from 17 May 2018 The Joint Money Laundering Steering Group (“JMLSG”) has published revisions to sector 12: Asset finance and sector […] [...]

FCA Data on UK Financial Crime

Of relevance to: All firms In a speech by Megan Butler, Executive Director of Supervision – Investment, Wholesale and Specialists at the Financial Conduct Authority (“FCA”), delivered at the Anti-Money […] [...]

Sanctions and Anti-Money Laundering Act 2018

Of relevance to: All regulated firms Key date: Royal Assent 23 May 2018 The Sanctions and Anti-Money Laundering Act 2018 received Royal Assent on 23 May 2018, creating a new […] [...]

5th revision of the MLD will bring greater transparency of beneficial ownership and enhance other areas

Of relevance to: All firms Key date: Adoption by July 2020 A fifth revision of the Money Laundering Directive (“5MLD”) – the current European Directive 2015/849 is the fourth […] [...]

FCA Anti-money Laundering Annual Report

Of Relevance to: All firms The FCA has published its Anti-money Laundering Report for 2015/16 on its website. Highlights include: Financial crime was a top priority in 2015/16 and will […] [...]

Tag: Anti Money Laundering

Suspicious Activity Reporting: What You Need to Know

UK Ranked Second in Global Money Laundering Offences

The EU Anti-Money Laundering Reforms: Everything You Need to Know

Understanding HMRC’s Role in AML Supervision

Adopting a Holistic Approach to Combating Financial Crime: An Interview with Nicola Christofides, Assistant Director, Complyport

FCA Reviews Challenger Banks’ Financial Crime Controls

Following the Money: Recent FATF Compliance Findings

It’s All Happening in Financial Crime: Recent News Round-Up

Has Brexit Enabled The UK To Implement A Stronger Anti-Money Laundering Regime?

An Update on the EU’s AML Regulatory Package

FATF Plenary Meeting Summary

Complyport’s Response to NatWest Money Laundering Fine

Key Changes in Anti-Money Laundering and Terrorist Financing Regulations

Further amendments to the JMLSG Guidance

FCA Data on UK Financial Crime

Sanctions and Anti-Money Laundering Act 2018

5th revision of the MLD will bring greater transparency of beneficial ownership and enhance other areas

FCA Anti-money Laundering Annual Report

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