General

Money laundering and terrorism financing (ML/TF) have far-reaching consequences, posing significant risks to economies, businesses, and societies worldwide. Financial institutions, gaming organisations and other regulated industry sectors may experience various detrimental effects, including harmful media exposure, reputational damage, regulatory fines, and customer doubts regarding regulatory effectiveness, if their organisations are used by organised criminal networks…

6 reasons why you need a robust enterprise-wide AML/CTF risk assessment In the dynamic landscape of global business, organisations face escalating compliance regulations. As a result, enterprise-wide money laundering risk assessments are more important than ever for regulated businesses, regardless of their size, industry sector or geographic location. Why your business must prioritise enterprise-wide money…

FCA warns many payments firms risk harm to their customers & the financial system. On the 16 March 2023, The UK’s Financial Conduct Authority (FCA) sent out its latest “Dear CEO” letter. While the conduct regulator softened up its audience first by complimenting it on the competition and innovation it had observed in the payments…

The rapid increase in the number of compliance failures related to financial crime risk management has highlighted the importance that regulated businesses place on managing these risks more effectively. Against this backdrop of increased regulatory scrutiny is a constantly evolving threat and risk landscape, with organised criminal networks using more innovative techniques to launder the…

An announcement about Australia’s Tranche 2 anti-money laundering laws is likely at the end of this month. This will be in response to recommendations from the Senate AML/CTF enquiry and will outline the government’s position on Tranche 2 laws, a beneficial ownership register, and a consultation timetable with AML/CTF ‘gatekeeper’ professions. Australian anti-money laundering and…

Who are you and what do you do? I help our clients by providing advice on Financial Crime and in particular AML/ CTF. We deliver this advice by taking a transformation-based approach to everything we do. How did you get into this career in the first place? I used to work in IT, then project…

Who are you and what do you do? I’m Luke Raven! Across a little over 13 years now I’ve worked at Big 4 banks and world class FinTechs, helping each tackle Financial Crime. Whether it’s Sanctions, Anti-Money Laundering, Fraud Prevention, Anti-Scams, Bribery & Corruption, Terrorist Financing – I enjoy all of it! I love helping…