Latest blogs

No summer break for AML enforcements as the SRA issue huge fines

The Solicitors Regulation Authority (SRA) has made it clear – AML enforcement doesn’t take holidays! In July alone, the SRA ...

Anti-Money Laundering Resources

The cost of non-compliance: Why AML compliance is not just a box-ticking exercise

In a recent disciplinary case, a solicitor was struck off and ordered to pay nearly £30,000 in costs after the ...

Anti-Money Laundering Resources

Why Politically Exposed Persons (PEP) screening is more critical than ever

In the world of compliance, few areas carry as much weight—and risk—as the screening of Politically Exposed Persons (PEPs). A ...

Anti-Money Laundering Resources

Strengthening sanctions compliance: What the LMA’s new clause means for reinsurers

In a move that underscores the growing global emphasis on sanctions enforcement, the Lloyd’s Market Association (LMA) has released a ...

Anti-Money Laundering Resources

Customer due diligence in AML compliance: What it means and best practices

Anti-money laundering is one of the biggest threats to the financial services and regulated sectors, with the National Crime Agency ...

Anti-Money Laundering Resources

Preparing for financial sanctions compliance: New legal obligations for UK letting agents

Just last year, HMRC fined 254 estate agents a total of over £1.6m for failing to register for AML supervision. ...

Anti-Money Laundering Resources

The role of RegTech in a global economy

The role of RegTech in a global economy  In today’s interconnected world, we’re seeing more businesses operate overseas—in fact, World ...

Anti-Money Laundering Resources

AML trends for 2025: Navigating tighter regulations and emerging risks

AML trends for 2025 Staying ahead of financial crime Financial crime is growing in complexity, with estimates from the National ...

Anti-Money Laundering Resources

UK & international AML compliance standards

Stay compliant with Veriphy’s AML checklist  In today’s interconnected financial landscape, adhering to Anti-Money Laundering (AML) regulations is crucial for ...

Anti-Money Laundering Resources

Navigating financial sanctions: OFSI sanctions guidance for high-value dealers and art market participants

The UK’s Office of Financial Sanctions Implementation (OFSI) has issued new guidance for high value dealers (HVDs) and art market ...

Anti-Money Laundering Resources

UK government issues first full asset freeze under domestic Counter-Terrorism Regulations

Recently, the UK government announced a full asset freeze against a person they believed to be involved in terrorist activity.   ...

Compliance Resources

What does the Companies House reform on ID verification mean for accountants?

When The Economic Crime and Corporate Transparency Bill became law last year, it proved to be momentous for Companies House, ...

Compliance Resources