Episode 11: Emerging Payments and Banking Firms

The UKFIU Podcast

Вміст надано UK Financial Intelligence Unit. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією UK Financial Intelligence Unit або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

2y ago 15:49

M4A•Головна епізоду

As the number of choices available to banking customers in the UK has grown to include non-traditional platforms, the pool of institutions that regularly report SARs has expanded and diversified. Terms such as ‘challenger bank’, ‘digital bank’, ‘FinTech’, ‘e-wallet’, ‘e-money’ and ‘cryptocurrency exchange’ are now commonplace within the SARs regime and the terminology used to discuss these reporters can be crucial to understanding the different services that they offer.

In this podcast, we chat with Mike Venn, the Group Head of Risk and Compliance with Modulr to try and get a better understanding of this area.

00:00 Introduction

01:23 Modulr introduction

03:21 Emerging, mobile-based firms

05:44 Clarification of services offered

07:11 Know Your Customer (KYC)

09:45 Identifying suspicious activity

12:05 Interaction with the UKFIU

14:03 Conclusion

Resources mentioned in this podcast

UKFIU pages on the NCA website:

https://nationalcrimeagency.gov.uk/what-we-do/crime-threats/money-laundering-and-illicit-finance/suspicious-activity-reports

https://nationalcrimeagency.gov.uk/what-we-do/crime-threats/money-laundering-and-illicit-finance/ukfiu

SARs In Action magazine issue 18:

https://nationalcrimeagency.gov.uk/who-we-are/publications/625-sars-in-action-december-2022/file

20 епізодів

#Business #UK Financial Intelligence Unit