Stay up to date on Compliance & Financial Crime matters with these resources

Stay informed: Compliance & Financial Crime

Qualifications and beyond

My last article covered the most recognised qualifications in compliance, and I’m a huge advocate for seeking out ways to improve professionally.

For me this article is supplementary to the last in that it’s important to expand your knowledge base with qualifications, but then you need stay informed with the latest news and developments too.

Sure, you can complete an ICA, CISI or ACAMS course and get the certificate (kudos to you), but it would be such a shame if you stopped there. Keep the momentum going and stay up to date with the latest news and developments – at all times.

Best way to do this?

Many firms now pay subscriptions to the largest regulatory intelligence services, or have their own in-house teams to produce these updates. For those of you who DO have access to these services you may get some value from the suggestions below. For those of you who don't - I hope this helps.

A few things first

As with my last article I went out to the compliance market and got my information from the people who know best – your peers.

Thank you to everyone who contributed.

N.B. Feel free to save this list for viewing later. Currently the best way to do this is to bookmark it via your internet browser of choice. Alternatively you can bookmark each one of the links below - whatever works best for you.

Regulatory bodies

FCA - https://www.fca.org.uk/news/search-results?start=1&sort_by=dmetaz

The Financial Conduct Authority: For your convenience, this link takes you straight to the news section of their website. You've already got this one bookmarked though, haven't you?

PRA - https://www.bankofengland.co.uk/prudential-regulation

The Prudential Regulation Authority: As with the FCA website, you know this one well. Particularly important for those of you working in the insurance industry.

ESMA - https://www.esma.europa.eu/press-news/esma-news

European Securities and Markets Authority: Europe's financial markets watchdog. Good for those working in firms with an international presence, within a centralised compliance function.

ICO - https://ico.org.uk/

The Information Commissioner's Officer: The UK's authority for information rights. Remember GDPR? Stay up to date with the latest news from the ICO with this link.

PSR - https://www.psr.org.uk/psr-publications/news-announcements

The Payment Systems Regulator: An invaluable resource for those of you working in payment services.

SFO - https://www.sfo.gov.uk/news/

Serious Fraud Office: Some of this will be relevant to those of you working in fraud, not all of it. Visit their news section every so often and stay up to date with the latest announcements.

OTHER SOURCE: CORLYTICS 'RED' - https://www.corlytics.com/corlytics-red/

This is a great way to stay up to date with multiple regulatory bodies at once. When you log in you'll be shown a feed with all the latest information from regulatory bodies of your choice. You can choose up to 5 with the free version and I'm currently following the FCA, PRA, ESMA, PSR, SFO.

If you're reading this and deal with a mix of global regulators then Corlytics RED caters to all of of those too (North America, Europe, APAC, Middle East & Africa, and more).

Sign up!

Agencies & organisations

NCA - https://www.nationalcrimeagency.gov.uk/news

The National Crime Agency: This link takes you to their news page and you'll find money laundering articles there from time to time.

FATF - https://www.fatf-gafi.org/

The Financial Action Task Force: Established in 1989 as the 'inter-governmental body' to combat money laundering, terrorist financing and other related crimes. You'll find articles on their front page every so often.

Professional bodies

ICA - https://www.int-comp.org/insight/

I mentioned the ICA several times in my last article 'Educate Yourself'. They are the number one organisation for compliance and fcc qualifications, but they also produce some nice content, and quite often too.

ACAMS - https://www.acamstoday.org/

Same as above, ACAMS are seen by some as the international standard of certification for the industry. They produce some really good articles, but you'll have to sign up for their exclusive content.

Law firms

Allen & Overy - https://www.allenovery.com/publications/Pages/default.aspx

A good resource with great search capabilities. I had quite a few suggestions for different law firms but this one appeared to be the best/easiest to use. This link takes you straight to their 'publications' page. They produce a weekly update of 'Key Regulatory Topics' which I'm sure you'll find useful.

Tip: once you click on a link from the main page you'll have to click read more on the next page to open up a PDF - it's not that obvious.

Media outlets

The Independent - https://www.independent.co.uk/topic/money-laundering

A direct link to The Independent's latest money laundering news.

Wall Street Journal - https://www.wsj.com/news/risk-compliance-journal

Follow the WSJ updates for a global perspective on things. Some interesting reads on there.

KYC360 - https://www.riskscreen.com/kyc360/

A popular suggestion from your peers.

Our company page

Canbury Partners - https://www.dhirubhai.net/company/canbury-partners/

We know it'll be tough for you to keep an eye on each one of the sources consistently, so we're curating the most relevant updates for you. Follow us on LinkedIn to see a mix of content on a daily basis.

Final thoughts

Remember professional development involves constant learning, and you'll be doing a good job by staying informed.

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We hope you have enjoyed this article.

Canbury Partners is a specialist recruitment firm operating in the Compliance and Financial Crime market.

We're not just recruiting for your market, we're embedded in it.

T: +44 203 916 0131 / E: [email protected]