Blogs
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When ‘high risk’ means more than it seems
In AML and compliance discussions, “high risk” is a term used often, sometimes loosely. But if your compliance program lumps many clients into “high risk” without understanding why, you may be missing real threat areas, the results?, exposing your business to fines, reputation damage, or worse. Let’s break down what truly constitutes high risk, drawing…
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ECCTA and the new “Failure to Prevent Fraud” offence: What Businesses need to know
1. What Has Changed From 1 September 2025, the Economic Crime and Corporate Transparency Act (ECCTA) introduced a new “failure to prevent fraud” offence. This makes large organisations criminally liable if fraud committed by employees, agents, or subsidiaries benefits the organisation and their prevention procedures are deemed inadequate. The critical shift is that senior management…
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Avoid the Tick-Box Trap. Why AML Due Diligence must be investigative.
In August 2025, Dutch online bank Bunq was fined €2.6 million by the Dutch central bank (DNB) for serious shortcomings in its money laundering controls. Despite prior warnings and penalties, Bunq repeatedly failed to investigate and report suspicious transactions, highlighting how continued reliance on routine procedures can lead to regulatory enforcement. Tick-box compliance that reliance…
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The UK right to work scheme. Enhancing Identity Verification & Due Diligence with Investigation Engine
Ensuring employees have the legal right to work in the UK is a fundamental responsibility for employers. The UK government mandates strict right to work checks to prevent illegal working and protect organisations from fines or reputational damage. This process requires thorough identity verification and meticulous due diligence. What Is the right to work scheme?…
Due Diligence and Screening does not have to be complicated. Investigation Engine makes the whole process simpler and quicker.