September 13, 2022
What are AML Trigger events your team needs to be aware of?
Trigger Events highlight instances where there may be a change in customers’ circumstances.
Read MoreAugust 31, 2022
What is money laundering and what are some red flags you should consider?
Money laundering is the process of concealing or disguising the existence, source, movement, destination, or use of illicitly-derived property or funds to make them appear legitimate.
Read MoreAugust 29, 2022
What is Customer Due Diligence and what controls should you focus on?
Customer due diligence (CDD) is a key element in helping your firm:
Read MoreAugust 29, 2022
Who would be considered a Politically Exposed Person (PEP)?
“A Politically Exposed Person (PEP) is a natural person who is or has been entrusted with prominent public functions and includes his/her immediate family or persons known to be close associates of such persons, but shall NOT include middle ranking or more junior officials.”
Read MoreAugust 25, 2022
MEMA joins the APCC!
We are pleased to announce that our application for MEMA Consultants Limited to become a member of the Association of Professional Compliance Consultants (APCC) has been successful.
Read MoreAugust 22, 2022
What is terrorist financing in simple terms
In the UK, Part 3 of the Terrorism Act 2000 criminalises terrorist financing and makes it an offence to:
Read MoreAugust 12, 2022
The UK Financial Crime Legislation framework
MEMA has produced this financial crime series for firms, to understand the steps they can take to reduce their financial crime risk. It does not include all the financial crime risks a firm may face but provides an understanding of FCA expectations in this complex field.
Read MoreAugust 10, 2022
Financial Crime- Understanding the FCA Handbook rules
MEMA has produced this financial crime series for firms, to understand the steps they can take to reduce their financial crime risk. It does not include all the financial crime risks a firm may face but provides an understanding of FCA expectations in this complex field.
Read MoreAugust 9, 2022
What are UK sanctions and how to conduct sanctions screening?
Sanctions are normally used by the international community for one or more of the following reasons:
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