How advisory firms can tackle evolving financial crime challenge

The advisory world has experienced a ramping up of attacks from financial criminals in recent years. Well-documented cases have resulted in regulators and ombudsmen clamping tightening scrutiny. And consequently, advisers have had to build their own defences against financial crime. But in a world where criminals are using increasingly sophisticated means to defraud individuals embracing a digital transformation is not just a choice but a necessity to ensure compliance and defend clients. According to the National Crime Agency, the amount of money laundered in the UK could be between ...