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Fifth AML Directive means firms must review anti-money laundering processes

The fifth Anti-Money Laundering Directive comes into force today, which means that law firms have to make changes to the way in which they work to help keep the proceeds of crime out of legal services. Around 7,000 firms regulated by the Solicitors Regulation Authority (SRA) are...
Posted On 10 Jan 2020
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Wilson James expands security solutions portfolio with launch of Risk Advisory Service

Wilson James, the provider of specialist security services, has announced the introduction of a new business division specifically designed to help end user customers improve their risk and threat management posture. The company’s Risk Advisory Service augments its existing...
Posted On 07 Jan 2020
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ECHO service officially launched at CSL Industry Forum in central London

The Electronic Call Handling Operations (ECHO) digital service was launched at the CSL Industry Forum held at the Informa Building in London. Introduced around the campaign ‘Go Digital, Get ECHO’, the ECHO project aims to deliver a centralised, fully automated electronic call...
Posted On 19 Nov 2019
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“Social media emerging as growing business risk” warns latest Kroll report

Adversarial social media activity was a relevant factor in 27% of significant incidents suffered by global businesses in the last 12 months, according to data from the latest Global Fraud and Risk Report released by Kroll (the specialist in risk mitigation, investigations,...
Posted On 09 Oct 2019
Nicola Sharp
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EU’s Fifth Anti-Money Laundering Directive: What It Means for Businesses

Nicola Sharp outlines the main points of the European Union’s (EU) Fifth Anti-Money Laundering Directive and emphasises how important it is that those organisations operating in the business sector comply with its content. Friday 10 January 2020 is a date that the business...
Posted On 02 Oct 2019
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“Businesses face HMRC crackdown on money laundering” warns DSR Tax Claims

Those companies required to adhere to strict anti-money laundering (AML) regulations have been advised to check their procedures and improve where necessary after HMRC handed down its largest fine to date to a London money services business for failures in its anti-money...
Posted On 10 Sep 2019
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22% of banks in UK “not taking advantage” of FCA-approved background checks

BDO has stated that banks are concerned any failures during their due diligence process may potentially expose them to huge Anti-Money Laundering (AML) fines even if the process is fully compliant. Concerns over money laundering penalties mean that 22% of banks in the UK are...
Posted On 24 Jul 2019
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Shifting Compliance to Effectively Measure Risk: Balancing GRC Mandates

Historically, meeting governance, risk and compliance (GRC) mandates was typically all about ensuring businesses had solutions in place to gain compliance, thus reducing the risk or consequences of non-compliance from the regulators (ie fines and penalties associated with failing...
Posted On 23 Jul 2019
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Growing pressure on retail sector “could increase risk-taking in supply chain”

Growing pressure on the retail business sector could increase risk-taking in the supply chain, data in a new report suggests. With more than 7,500 shops closing in 2018 and High Street brands hitting the headlines, if retailers are not able to manage the trade-off between risk...
Posted On 05 Jun 2019
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Government urged to act on new recommendations for tackling modern slavery

New recommendations designed to strengthen laws in the UK aimed at tackling modern slavery and protecting victims have been welcomed by the Institution of Occupational Safety and Health (IOSH), the global chartered body for Health and Safety professionals. An independent review...
Posted On 24 May 2019