Episode 13 | From Paper to Pixels: Why you should be embracing Digital AML Tools

Episode 13 | From Paper to Pixels: Why you should be embracing Digital AML Tools

In this episode of The Washup, we discuss how businesses can embrace the new wave of digital AML tools from ID verification to digital Source of Funds. As always our Marketing Manager, Jonathan Bennett, is joined by our Head of Governance, Louis Lancaster, who has first-hand experience implementing a new fully digital AML process within one of the UK's largest property firms. Not only will be discussing the benefits of digital AML tools but also some of pratically of implementing them. For more resources on this topic visit www.credas.com/resources

Episode 12 | Does the UK need a new AML regime?

In this episode, we discuss the government's proposed review of the current AML supervisory regime. At the moment, AML-regulated firms are overseen by almost 30 different supervisory bodies ranging from larger statutory bodies like the FCA and smaller professional bodies. The government is proposing a restructure of these bodies make it more efficient and to prevent any superviosory gaps as commited to within its Economic Crime Plan 2023-26. Consultation closes on 20th September so don't miss your chance to have a say. Useful links The report - Reform of the Anti-Money Laundering and Counter-Terrorism Financing Supervisory Regime: Consultation [https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1166665/AML_Reform_Consultation_Document_-_FINAL.pdf] The survey - ⁠Reform of the Anti-Money Laundering and Counter-Terrorism Financing Supervisory Regime survey [https://www.smartsurvey.co.uk/s/S2S0O1/]

Episode 11 | What is the Data Protection and Digital Information Bill?

In this episode, we discuss the components of the Data Protection and Digital Information Bill [https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwi3qban3ZWBAxVwWUEAHXoqDKYQFnoECA0QAw&url=https%3A%2F%2Fbills.parliament.uk%2Fbills%2F3322&usg=AOvVaw2GMmwjqP7lMLzlFeWfyZY6&opi=89978449] and how impact Identity Service Providers like ourselves. The bill will bring greater scrutiny and oversight of IDSPs which we're in favor of and will hopefully make digital, reusable IDs more mainstream.

Episode 10 | Companies House Reforms: What, when & why? | The Washup

In this episode, we discuss the impending UK Companies House reforms and how they will tackle financial crime. As part of the Economic Crime and Corporate Transparency Bill, registering a company in the UK will require greater due diligence in order to prevent fraud and money laundering. We discuss what the planned changes are, why they are needed and their potential impact. You can learn more about these reforms on the Companies House website: https://companieshouse.blog.gov.uk/category/legislative-reform/

Episode 9 | Source of Funds - Sorted! | The Washup

In this episode, we will be discussing how property professionals should approach Source of Funds checks, how they differ from Source of Wealth, and how to establish credible financial due diligence. We'll also be discussing how open banking and data science can help streamling Source of Funds for property professionals but removing the need to manual verify and assess financial evidence.