Industry News

Risk Management Industry News for FCA Regulated Businesses

Topics: Money Laundering, Reputational Risk

Poor AML controls highlighted at Danske Bank

Last month, the chief executive of Danske Bank resigned over a €200bn money laundering scandal, said to be the largest in history.

Thomas Borgen was in charge of Danske’s international operations - including Estonia where money laundering is said to...

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Topics: FCA, Money Laundering, Risk Manager, Brexit

Money Laundering A Rising Concern For Risk Managers

Home Office figures show there has been a rise of 12% from overseas governments and regulatory authorities questioning money-laundering activities.

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Topics: Criminal Finances Bill, Money Laundering, Tax Evasion, compliance management

The new Criminal Finances Bill – what it means for risk managers

Risk managers should keep their antenna up for the forthcoming Criminal Finances Bill, which could well pose some compliance challenges.

The bill received Royal Assent on 27 April, so we know it will come into force in the coming months and a number...

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