KYC DECODED

Some of the most crucial actors in the world of regulatory compliance exist within the public sector. But, with so many private sector players gathering data and making risk-based decisions, how can the two groups bridge any divides to overcome increasingly sophisticated criminals?

In this episode of KYC Decoded, host Alex Pillow is joined by public sector colleagues Linda Hamilton, Deputy Director of Organised Crime in Fraud Investigations Service at the HM Revenue & Customs (HMRC), and Kevin Newe, Elicit Finances Threat Lead from HMRC. Their engaging conversation provides unique perspectives on questions like:

• Why is there a need to invest more in preventing economic crime and money laundering?
• How can we strike a balance between a public-private sector feedback loop and preserving confidentiality?
• What do good public-private partnerships look like and are there opportunities for improvement?
• When combatting financial crime, where should the public sector take the lead and where the private sector?
• How should data and technology vendors be involved with their private sector partners and the public sector?
• What makes a good SAR and what can be said about software that automates writing them?

To learn more about what was discussed in this episode, be sure to check out these additional resources:

• UK Financial Intelligence Unit
• Financial Action Task Force risk trends and methodologies
• FATF Annual Report 2020-2021
• National Economic Crime Centre

And, if you’d like to see how Moody’s Compliance and third-party risk management can help you with AML, please visit our website or get in touch; we’d love to hear from you.