The Washup

Credas
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Brought to you by Credas Technologies, in The Washup, we'll be discussing all things AML, fraud, and compliance. We'll also be discussing our own journey and the role technology plays in fighting financial crime.

  1. 10/04/2023

    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

    23 min

  2. 09/20/2023

    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 The survey - ⁠Reform of the Anti-Money Laundering and Counter-Terrorism Financing Supervisory Regime survey

    17 min

  3. 09/06/2023

    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 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.

    16 min

  4. 07/26/2023

    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/

    13 min

  5. 07/06/2023

    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.

    15 min

  6. 05/11/2023

    Episode 8 | How to report Suspicious Activity | The Washup

    In this episode of The Washup, we discuss how you report Suspicious Activity to the NCA, what happens next and the potential outcomes. We also discuss why it's important for all businesses, whether regulated or not, to understand their obligation to report suspicious activity as part of the Proceeds of Crime Act. We also cover: Client confidentiality and money laundering What is a Defence Against Money Laundering (DAML) Tipping off Breaking bad! To learn more about SARs here are a few useful links: https://www.nationalcrimeagency.gov.uk/what-we-do/crime-threats/money-laundering-and-illicit-finance/suspicious-activity-reports https://www.nationalcrimeagency.gov.uk/who-we-are/publications/647-sars-in-action-issue-19-april-2023 https://www.lawsociety.org.uk/topics/anti-money-laundering/suspicious-activity-reports

    18 min

  7. 05/03/2023

    Episode 7 | How the rental sector is used to launder money | The Washup

    In this episode, we discuss what Letting Agents need to do to remain AML compliant, how bad actors use the rental sector to launder their money, what warning signs to look out and why you should screen all tenants and landlords. We also discuss how Letting Agents' obligations go beyond AML regs and how they also need to consider the Proceeds of Crime Act to ensure they are staying compliant.

    18 min

  8. 04/26/2023

    Episode 6 | What to put in your risk assessment | The Washup

    In this episode, we discuss what businesses need to include in their risk assessment, why they are important, and how they ensure compliance. We'll also be discussing where you can go for advice, how your AML supervisor can help and common mistakes to avoid. Useful links:  HMRC Risk Assessment guidance - https://www.gov.uk/guidance/money-laundering-regulations-risk-assessments SRA Annual AML report - https://www.sra.org.uk/sra/research-publications/aml-annual-report-2021-22/

    16 min
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About

Brought to you by Credas Technologies, in The Washup, we'll be discussing all things AML, fraud, and compliance. We'll also be discussing our own journey and the role technology plays in fighting financial crime.

Information

  • Creator
    Credas
  • Years Active
    2K
  • Episodes
    13
  • Rating
    Clean
  • Copyright
    © Credas
  • Show Website
    The Washup