Compliance Challenge Spotlight
KYC and AML are hot topics for financial institutions right now. At a time when new regulations are coming into force, compliance challenges are on the rise. In this edition of the Albany Beck newsletter, we put some of the industry’s most pressing regulatory issues under the spotlight to help your business move forward with confidence.
Plus, we share news of Albany Beck’s latest appointment of Managing Partner for Ireland, Paul O’Brien. Paul’s appointment marks a significant milestone in Albany Beck’s rapid expansion in the Irish financial services market.?
Let’s dive in.
Our client, a multinational Fund Administrator and Fund Service business needed hands-on solutions for their KYC Remediation Programmes. They needed to rapidly scale up their Anti-Money Laundering (AML) team to meet the demands of a KYC Remediation Program to uplift the investor accounts.
In this client success story, we share our tried-and-tested solutions for overcoming obstacles in KYC Remediation Programmes, with a focus on streamlining operations to ensure compliance.
Paul O’Brien joins Albany Beck as Managing Partner for Ireland, bringing over 20 years of industry leadership experience. Paul’s expertise and professional credentials position him well for leading Albany Beck’s growth in Ireland.?
To learn more about Paul’s appointment, visit our latest blog.?
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As financial firms embrace new, innovative technologies, so too are money laundering schemes. Regulations and compliance are tightening in response, placing extra burden on compliance teams that often lack resources and expertise.????
In this article, we discuss how fintech firms can rapidly improve their KYC and AML capabilities in response to the EU’s AML and CFT legislative package.
With digital innovation accelerating, financial firms are adopting new tools, but rapid change can introduce risks. The EU's Digital Operational Resilience Act (DORA) strengthens regulatory requirements to ensure digital resilience and mitigate cyber threats. DORA takes full effect in January 2025, so it's crucial that firms relying on technologies like AI and blockchain prepare now to ensure compliance.
In this blog post, we delve into the key aims of DORA, what it’ll mean for your business and what you can do to ensure your firm is compliant.
If your organisation needs support as it steps up its compliance measures, reach out to the Albany Beck team, who can connect you with the right consultants with the right skills.