In my last blog ‘Growing the Business in 2022 and Beyond’, I talked about how we looked at some of the macro …
With global events moving fast it is important to reflect on how digital capabilities can help to protect your business and ensure compliance and full alignment with the existing sanctions regime, asset freezes and full FCC measures. The UK is going to push through new economic crime law, I’m sure that other Western economies will implement new economic controls as well. Asset and Wealth managers will need to implement changes and protocols to ensure full compliance with sanctions and legislation which is a rapidly evolving and changing landscape. This post looks at some of the things financial institutions and service providers need to think about.
The FCA states that it is good practice to check your existing clients against the HM Treasury list which is frequently updated as well as all new customers prior to providing services or transactions. It is also recommended that you continue to check for any updates to the HMT list with any changes to a client’s details. Remember, even providing financial advice can be a breach. It is good practice to include directors, beneficial owners of corporate customers and any third-party payees in your checks.
According to the FCA, it is useful to consider the following facts about financial sanctions:
David Landi – Head of Asset Management
In 2022 global asset managers face significant challenges requiring the executive leadership teams to re-think their target operating models to achieve the strategic growth …
Where to Start? We began our journey into Intelligent Document Processing with a large healthcare contract 8 years ago. The challenge was …
Part 1 of a series providing a roadmap on digital transformation and intelligent automation.