IGA Financial Crime

𝙈𝙤𝙣𝙚𝙮 𝙇𝙖𝙪𝙣𝙙𝙚𝙧𝙞𝙣𝙜 𝙀𝙭𝙥𝙡𝙖𝙞𝙣𝙚𝙙 - 𝙞𝙣 3 𝙢𝙞𝙣𝙪𝙩𝙚𝙨 ⏱   The case referenced in the video is fascinating. A complex criminal operation, for sure. However, each component of the system seems frighteningly simple. #MoneyLaundering #FinancialCrime #AML Stuart Brooke | Jon Garrod | Oliver Howley https://lnkd.in/dA5rV2h

Wondering about the AML Contractor market right now? Recruiters get asked this all the time! Let me put it in a nutshell – it's tight! With the current economic climate, everyone's feeling the pinch on spending and projects. So, many banks and businesses are either trying to set up in-house teams on a budget or postponing some projects for later. Adding to that, the job market was booming, which led larger consultancies to over-hire. As a result, they're now reassigning their own staff and not hiring external contractors as much. Finally, the AML field has seen a surge of professionals in recent years, especially at the analyst level. Now that things have calmed down a bit, opportunities are highly competitive. Amidst all this, there is some positivity within smaller and more agile consultancies who are winning a fair amount of new business. Remember, things always change – market forces are unpredictable! The bigger consultancies will eventually find their balance and start hiring contractors again, job seekers might explore new industries and reduce the competition, and the economy's mood will brighten up someday. So, for now, it's a lively ride with plenty of job seekers and healthy competition for new gigs. Like everything in life, this too shall evolve and turn more positive down the road

Our project "A Guide to DEI in Contingent Workforce Planning" is well underway, and we want you to contribute! Here are just some of the key issues faced by DEI in contingent workforces that we are discussing in our guide: 1. Lack of awareness 2. Visibility and Access 3. Implicit Bias 4. Unequal Treatment Have a look through the slides below to read a bit more detail about the above issues and, if you’d like to discuss any of these topics, we’d love to hear your opinion. Contact us today to join the conversation, and sign up to the link below to receive our guide when it is released: https://lnkd.in/djEgY473

Is your company's recruitment process draining your resources? If you're putting candidates through countless interviews, extending the process, and offering lacklustre feedback, you might be hurting your brand.   Word of mouth travels fast—be it through candidates' networks, families, or colleagues.   Here’s how to streamline your approach:   ✅ Keep interviews efficient: Clearly set expectations and cut down on unnecessary delays.   ✅ Foster a welcoming experience: Engage candidates positively and avoid overly intense questioning.   ✅ Know your ideal candidate: Define your requirements early and avoid changing them last minute.   ✅ Prioritize prompt feedback: Provide constructive responses at each stage, without unwarranted delays.   Small tweaks can lead to big improvements in your hiring outcomes.

MONEY LAUNDERING IN ANCIENT ROME  🏛 Let's delve into a journey to ancient Rome, where influence, wealth, and the art of money laundering intertwined. Picture this: It's the Roman era, a time of immense power and lavish lifestyles. Amidst this backdrop, criminals sought clever ways to conceal the origins of their illicit funds. One striking example is the case of Decimus Brutus. He was a prominent Roman figure, known for his infamous deeds and wealth accumulated through illicit means. 🏘To mask his ill-gotten gains, Decimus Brutus dabbled in real estate. In a bid to legitimise his wealth, he acquired properties under the names of trusted individuals, often family members or close associates. These "straw buyers" acted as fronts, shielding his true identity as the real owner. By employing this tactic, Decimus Brutus could effectively distance himself from the tainted origins of his riches. The properties and businesses he controlled appeared legitimate, disguising the illicit activities that funded them 💰 #MoneyLaundering #AncientRome

Why commenting is your best friend on LinkedIn. Want to skyrocket your success on LinkedIn and leave your competition in the dust? It's time to break free from the lurking shadows and become an engaging member. Picture this: most LinkedIn users are mere lurkers, skulking in the background without ever taking the plunge to post or connect. But LinkedIn is your ultimate business networking playground, where you can seize fantastic opportunities and watch your brand flourish. Now Likes are okay, but if you want to shine, nothing beats engaging, thought-provoking comments that put you front and center. Let's talk strategy: when you comment on a client's post, you show them rock-solid support for their mission. Drop some knowledge on a profound thought piece, and you're suddenly front and center. Heck, even commenting on your rivals' posts will turn heads in their network. But it's not just business; it's also a great way to generate opportunities for yourself. Want a business to notice you? Comment on their posts and get on their radar. Finally, it’s not all about being a corporate robot - a thoughtful comment on someone's personal post reveals the human touch that sets you apart from the crowd. Building a habit of commenting will pave the way for you to build a rock-solid reputation and ultimately unlock doors. Now, the burning question is: are you already a master of comments? If so, share your secret tips. Pro tip – Make sure your comments add value and share opinions that complement the original post.

The Latest Changes to Off-Payroll Working Legislation Recent updates to off-payroll working regulations by HMRC came into effect from 6th April 2024. These amendments aim to enhance fairness and compliance in contractor engagements. What This Means for Businesses Hiring Contractors: Revised Responsibilities: If a contractor falls under IR35, the fee-payer (often the client or agency) must now handle income tax and NICs deductions via PAYE. Clear communication and accurate status determinations are key. Relief for Fee-Payers: Businesses can set off previously paid tax and NICs contributions by the contractor, aiming to rectify potential over-collection and promote fair taxation. Clarity and Compliance: Updated guidance offers greater clarity. Thorough status assessments help ensure compliance and mitigate risks. What This Means for Contractors: Taxation Adjustments: Contractors within IR35 may experience changes in tax responsibilities, affecting take-home pay. Expectations of Compliance: Proactive engagement with clients and agencies helps achieve accurate status determinations and fair treatment. Navigating Tax Implications: Contractors should stay informed about tax obligations and seek professional advice to maintain compliance. As regulations evolve, collaboration and understanding between contractors and businesses are essential. Seek expert guidance for assistance navigating these changes.

𝙇𝙀𝘼𝘿𝙀𝙍𝙎𝙃𝙄𝙋 𝙌𝙐𝘼𝙇𝙄𝙏𝙄𝙀𝙎 𝙄𝙉 𝙁𝙄𝙉𝘼𝙉𝘾𝙄𝘼𝙇 𝘾𝙍𝙄𝙈𝙀 📺 🔶 What does it take to be an effective leader in AML? 🔶 What are the key traits and skills exhibited by truly extraordinary leaders? 🔶 What does Leadership even mean? 𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝘁𝗵𝗲 𝘃𝗶𝗱𝗲𝗼 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲! https://lnkd.in/dgWkTUgG More insightful content from the team at @KYC Lookup 🔎🌎 #MoneyLaundering #FinancialCrime #AML

Financial Conduct Authority 2024/2025 Business Plan The Financial Conduct Authority (FCA) has unveiled its 2024/25 Business Plan, outlining key objectives and regulatory priorities for the financial sector in the coming year. In the upcoming period, the FCA will concentrate on combating and preventing financial crime, placing consumer needs at the forefront, and bolstering the UK's standing in global wholesale markets. This direction follows their February 2024 update (as discussed in our previous Regulatory Outlook), emphasizing the imperative for firms to address fraud and ensure their systems are equipped to counter increasingly sophisticated criminal activities. Additionally, the European Commission has adopted a delegated regulation to revise the list of high-risk third countries identified with strategic deficiencies in anti-money laundering and counter-terrorism financing regimes, posing significant threats to the EU financial system under the Fourth Money Laundering Directive (MLD4). The regulation involves the removal of Barbados, Gibraltar, Panama, Uganda, and the United Arab Emirates from the list, while adding Kenya and Namibia. This delegated act is now slated for review by the EU Parliament and Council and is set to take effect on the twentieth day following its publication in the Official Journal of the EU.

Asking great questions at interview When interviewing for a job role, you want to be able to demonstrate your skills, knowledge, experience and general competency for executing the role. But you also want to be able to demonstrate genuine enthusiasm and motivation. The best way to display this directly and indirectly, is simply by asking solid, smart, sensible, searching and sometimes probing questions. Here are just four topics suggested by our team. We feel these can be applied to interview scenarios at any level, and for both Contract & Permanent positions. Focus to some extent on results and deliverables… What are the expectations for success in the project/role? How is the team's performance evaluated and measured? What does real success look like in 3 or 6 or 12 months’ time? What are the milestones of achievement? What’s the first major challenge or problem I could help try to solve? Take an interest in the people you are meeting… What is interesting about their background? Why did they join the business? Why do they stay? What keeps them enthusiastic and motivated? And the team around them… How is the team organised and structured to ensure it meets project objectives? What kind of personality type would be a great addition to the current team blend? What, if any, skill gaps are present in the current team that would be great to fill? Don’t forget to ‘close’ – it’s ok to ask! Now that you’d had the chance to meet me, do you think I’m a good fit? Can you see me doing this role? Would you feel confident offering me the role? Could you see me doing a good job for your clients/customers? Asking direct closed questions, in the right and at the right time, is really not a bad thing. It's also ok to make it very clear that you are interested, and summarise for them exactly why. Let us know in the comments: what are your go-to interview questions?