AML/CFT legislation impacts businesses across all sectors, whether large banks or local leasing companies. Regardless of size, everyone has a part to play in disrupting criminal activity and keeping our communities safe.
As the costs, risks, and regulations associated with achieving compliance continue to steadily increase, reporting entities in every sector require cost effective solutions that are the right fit for their particular risk profile and business environment.
Banks, building societies and credit unions are all facing the pressure of balancing increased regulatory cost with providing top notch customer experience, protecting members, and growing their business in a dynamic, competitive landscape.
Successful growth is a good thing, but increasing scale and complexity also mean the cost of compliance increases, and so does risk if operational systems are not up-to-date and reliable.
Jade ThirdEye has been helping reporting entities in the banking and financial services sector for more than 8 years increase resiliency and efficiency of their AML/CFT programme and protect their communities.
In September 2020, the UK FCA published their annual report. We have taken a look at the key elements to understand what it means for us and our customers.
UK Building Society proves meeting complex AML requirements doesn't have to be complicated or costly with Jade ThirdEye.
Explore how the flexible Jade ThirdEye solution helps organisations to achieve AML compliance.