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

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

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.