Nationwide AML Failures - What Went Wrong?

Navigating UK AML Reforms 2026

Join Shilo Grayson, Regulatory Strategy Specialist at KYC360, for a practical guide to preparing for the UK’s most significant AML regulatory changes in years. The UK is implementing major AML reforms creating multiple deadlines. The Money Laundering Amendment Regulations 2026 fundamentally alter enhanced due diligence requirements, while the FCA prepares to supervise 60,000 professional services firms currently overseen by 22 different bodies. These changes respond to documented compliance weaknesses, with HM Treasury’s latest supervision report showing only 24% of accountancy firms and 29% of legal firms achieving full compliance with current money laundering regulations. This session outlines practical steps for navigating regulatory deadlines, updating compliance frameworks, and preparing for enhanced supervisory expectations. ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

The Future of Customer Due Diligence

Join Shilo Grayson, Regulatory Strategy Specialist at KYC360, and Rob Cutler, Chief Growth Officer at Nexus AML, drawing on his extensive experience as an MLRO and Head of Financial Crime, for a data-led session on the true cost of manual onboarding and how automation is changing the picture for compliance teams across financial services. ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Uncovering UBO

Join Shilo Grayson, Regulatory Strategy Specialist at KYC360, for a practical session on identifying ultimate beneficial owners, navigating complex ownership structures and keeping pace with fast-moving global regulation. ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Balancing Sanctions Volatility and Screening Efficiency in 2026

Join Shilo Grayson, Regulatory Strategy Specialist at KYC360, for a focused discussion on balancing sanctions volatility and screening efficiency in 2026.  Drawing on her background in the US national security and intelligence community, Shilo explores how rapidly shifting sanctions regimes, increasing divergence globally, and rising enforcement expectations are reshaping sanctions compliance.  Secondary sanctions exposure remains widely misunderstood, particularly where indirect ownership and control risks intersect. At the same time, screening teams are under pressure to manage rising alert volumes, reduce false positives and demonstrate a defensible framework to regulators. Name matching alone is no longer sufficient where complex beneficial ownership structures and opaque networks obscure control.  This session outlines practical steps to strengthen sanctions screening, manage secondary exposure and maintain operational efficiency in a volatile environment.  ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Nationwide AML Failures - What Went Wrong?

In December 2025, Nationwide Building Society was fined £44,078,500 by the UK Financial Conduct Authority (FCA) for deficiencies in its financial crime systems and controls. The FCA identified serious weaknesses in Nationwide’s AML framework between 1 October 2016 and 1 July 2021, including shortcomings in customer due diligence, customer risk assessment, and transaction monitoring. Nationwide was also aware that some personal current accounts were being used for business purposes, but lacked an adequate framework to manage the associated risks. One serious case involved a customer who received £27.36m in fraudulent Coronavirus Job Retention Scheme payments, including £26.01m deposited over just eight days. £820,687 remains unrecovered. This podcast explores the FCA’s findings, the specific control gaps that led to significant enforcement action, and the practical lessons for financial institutions. ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.