RelyComply cyber incident: what happened and what you can do
RelyComply’s official notice on the September 2026 cyber incident: what happened, what we have done, and what you can do.
Resources
News and Resources
The latest insights, opinions and events from the world of fincrime compliance.
The 13 types of financial fraud UK-regulated firms must detect and prevent
Financial fraud is any deliberate deception carried out to gain a financial advantage or cause financial loss to another person or organisation. It covers everything from a victim being manipulated into authorising a bank transfer to a criminal using stolen card details to make purchases online. The methods evolve constantly; the intent does not. The … Continued
Filter by category
RelyComply data breach: what happened and what affected users should know
Published 16 September 2026. Last updated 16 September 2026. We will update this page as the investigation progresses. RelyComply recently became aware of a data security incident affecting part of its environment where it processes data for its customers. RelyComply provides regulatory compliance technology and services to its customers, including financial institutions. We understand this … Continued
Inside the Mills Review
AI isn't just making fraud harder to catch — it's removing humans from the moment of decision entirely. Inside the FCA's Mills Review, and what it means for financial crime leaders who are running out of runway.
Payment service providers: what UK AML compliance actually requires
The UK’s Payment Services Regulations 2017 (PSRs 2017) define the legal and operational perimeter for firms providing payment services in the UK. They establish which payment service providers can operate as a Payment Institution (PI) or Electronic Money Institution (EMI), what authorisation they require, what conduct standards apply, and how customer funds must be safeguarded. … Continued
Politically exposed persons check: best practices for UK compliance teams
A politically exposed person’s check sits at one of the more demanding intersections in any AML programme. Most compliance teams can screen a standard customer in seconds, but PEPs are a different matter entirely. Political figures operate across hundreds of jurisdictions, hold different titles in different legal systems, and move in and out of roles … Continued
Perpetual KYC: The compliance edge fintechs need before launch
Explore how the FCA Regulatory Sandbox is accelerating AML/KYC innovation through Perpetual KYC, Explainable AI, and synthetic data testing for fintechs.
AML and KYC Explained for UK-Regulated Firms
Anti-money laundering (AML) and Know Your Customer (KYC) are often used interchangeably, but they are not the same thing. AML obligations are set by national law and supervisory authorities, with international standards shaped by bodies such as the Financial Action Task Force (FATF). Together, these requirements place a wide range of screening and monitoring obligations … Continued
Enhanced due diligence requirements: When EDD triggers, what the file must contain and how to scale it
Enhanced due diligence (EDD) is a more intensive form of Customer Due Diligence (CDD), applied under the UK’s risk-based approach to anti-money laundering when a customer, transaction, or business relationship presents a higher risk. For compliance teams asking “what is enhanced due diligence” in practical terms: it is the point at which standard identity verification … Continued
Why the UK’s vigilance for high risk third countries relies on enhanced due diligence
An evaluation of the UK’s post-Brexit assessments for high-risk third countries, and its expectations for quality, accurate enhanced due diligence.