Regulatory & Compliance Areas

Tokenisation is the process of issuing or representing an asset, right or claim as a digital token, usually on distributed ledger technology. The token may represent the asset itself, a legal interest in it, or a contractual claim against an issuer or custodian.

Anti-Money Laundering (AML) refers to the legal, regulatory and operational measures that businesses implement to prevent their products and services from being used for money laundering, terrorist financing and other forms of illicit finance.

Sanctions are legal restrictions imposed by governments and international bodies to influence the behaviour of countries, organisations, individuals and other designated parties. They can restrict access to financial services, freeze assets, prohibit transactions, limit trade or investment, and prevent specified persons from receiving funds, economic resources or other benefits.

Know Your Customer (KYC) is the process of identifying and verifying an individual before establishing a business relationship or allowing access to certain products and services.

Know Your Business (KYB) is the process of identifying, verifying and assessing a legal entity before entering into a business relationship.

A Business-Wide Risk Assessment (BWRA), sometimes referred to as an Enterprise-Wide Risk Assessment (EWRA), is the foundation of an effective AML/CFT framework. It enables a business to identify, understand and assess the financial crime risks arising from its customers, products, services, jurisdictions, delivery channels and operating model.

Transaction monitoring is the process of identifying activity that may indicate money laundering, terrorist financing, sanctions evasion, fraud or other financial crime. In crypto, this extends beyond monitoring customer behaviour to analysing blockchain activity, wallet interactions and the movement of digital assets across networks.

The Crypto Travel Rule requires specified information about the originator and beneficiary to accompany transfers of crypto-assets between regulated service providers.

Decentralised finance, or DeFi, refers to financial products and services delivered through blockchain-based protocols and smart contracts rather than solely through traditional intermediaries.

Digital identity is the electronic representation of information used to establish and verify who a person or organisation is.

The EU Anti-Money Laundering Regulation brings professional football clubs and football agents within the scope of the EU AML framework from 10 July 2029.

FATF now describes cyber-enabled fraud as one of the most widespread and damaging profit-motivated forms of crime.

AI governance is the framework through which an organisation decides how artificial intelligence may be developed, acquired, deployed, monitored and retired.

Artificial intelligence is increasingly being embedded across financial services to improve decision-making, automate operations and enhance customer experience. Financial institutions are using AI across compliance, fraud prevention, customer onboarding, trading, payments, lending, cybersecurity, operations and customer support.