The latest updates and news relating to MLVerify and anti-money laundering (AML) regulations.
28th Apr
From May 2025, UK letting agents will be officially classified as “relevant firms” under the UK’s financial sanctions regime.
9th Apr
Authorised Corporate Service Providers (ACSPs) play a key role in enhancing corporate transparency and combatting financial crimes within the UK.
31st Jan
Typically, legitimate businesses aren’t concerned about their funds’ source or how they appear to other businesses. However, criminal organisations may need to mask the source of their funds to appear legitimate in th…
20th Dec 2024
Know Your Customer (KYC) is a significant part of the fight against money laundering.
28th Oct 2024
The financial world is becoming more connected and diverse, meaning criminals must stay one step ahead of changes. As a result, the red flags that firms need to monitor also change over time to keep up with them; howe…
18th Sep 2024
Money laundering aims to conceal the origin of funds gained through illicit means, such as fraud, corruption, or drug trafficking. Money laundering can have severe consequences for the economy in the long run.