The UK’s problem with data protection is not GDPR – it’s the compliance gap
As the UK grapples with if, how, when and exactly what it will replace GDPR with (or not), there’s some data which shows the wider compliance gap with whatever data protection regime the UK will come up with. Data from the UK government’s own impact assessments paint some stark figures. There are over 4 million […]
Risk-based AML compliance: Download our guide
The Financial Action Task Force (FATF) stated that a risk-based approach is central to an effective AML compliance programme. It’s critical to have strategies and procedures in place to ensure that your risk-based approach is robust, protects your firm’s exposure to financial crime and meets the expectation of regulators. We’ve put together this comprehensive guide […]
Latest LSAG updates incorporate proliferation financing assessments
The Legal Sector Affinity Group (LSAG) has updated its guidance on the anti-money laundering (AML) regulations. As of 28 March, Guidance on the new requirement to carry out proliferation financing risk assessments, either as part of the firm’s existing practice-wide risk assessment or as a standalone document. What is proliferation financing? Proliferation financing is defined by […]
Inclusion essentials
This course explores inclusivity from a variety of perspectives and characteristics.
William Hill fined nearly £20m for money laundering failings
The Gambling Commission announced the largest penalty ever issued by the regulator. William Hill, the betting giant, was slapped with a fine of £19.2M, for failing to protect consumers and stop money laundering. The Commission’s Chief Executive, Andrew Rhodes, revealed that the problems at the three companies owned by William Hill were “widespread and alarming,” […]
Omnitrack version 2.81.0
New reports features! Access settings With this new feature, admins will be able to choose between two access settings when creating a report: admin-only or allowing any logged-in user to view the report. Under the admin-only setting, only admins will have access to view or edit the report. This is ideal for reports that contain […]
Ramadan
Ramadan is the ninth month of the Islamic calendar and is considered one of the most sacred months in Islam.
On-demand webinar: AML compliance – Are paper-based ID checks dead?
Many firms are still carrying out paper-based identification and verification of clients during the onboarding process. But is this the most efficient method? In this webinar, we were joined by Thirdfort’s AML Services Manager Harriet Holmes, Compliance Office’s Managing Director Andy Donovan and VinciWorks’ Director of Product (Omnitrack) Ruth Mittelmann Cohen to explore the extent […]
Gulnara Karimova: Uzbek president’s daughter, pop star, diplomat… and money launderer?
A report says she is. And that London and Virgin Islands firms didn’t do enough to stop her Gulnara Karimova has already achieved a measure of fame – or notoriety. She is the daughter of Islam Karimov, who was president of Uzbekistan from 1989 until 2016, when he died. There was a period when it […]