Vanquis Partners with SQA Consulting in the Fight Against Financial Crime
PRESS RELEASE SQA CONSULTING May 20, 2021 Vanquis Bank has today announced a ground-breaking partnership with SQA Consulting to help combat financial crime. By introducing an Elimination Algorithm, UK credit card provider Vanquis, part of the Provident Financial Group, plans to reduce its manual processes and increase efficiency, whilst saving huge amounts of time previously […]
Date of Birth Reliance in Alert Remediation
The consensus when investigating financial crime alerts for individuals, is to close all alerts where the date of birth is more than 2 years apart. A more aggressive strategy is to close alerts where the dates of birth are different – even if only by 1 day. In this short article, we will address the […]
Financial Crime in 2021 – Brexit and the 6th Anti Money Laundering Directive
The 3rd of December 2020 saw the introduction of the 6th AML Directive into European law, with implementation of those regulations for all organisations within EU member states by the 3rd June 2021. While the United Kingdom has opted out of the Anti-Money Laundering Directive (AMLD) due to its departure from Europe, many UK financial […]
COVID-19 From a Financial Crime Perspective
Throughout the past few months, it has been impossible not to feel the impact of the current global pandemic, COVID-19. Even with the implementation of numerous government schemes and responses, the struggle has been felt globally, both individually and on a corporate basis. There was no way to predict the effects this pandemic would have […]
