AI in financial services: a turning point for regulators and firms
Commenting on the recent UK Parliament – Treasury Committee publication of the Artificial Intelligence in Financial Services report, Joe Norburn, CEO at TCC Group (TCC, Momenta and Recordsure), highlighted the growing regulatory and operational challenge posed by AI. “The Treasury Select Committee’s latest report on AI in financial services delivers a stark warning to regulators and firms. AI is already shaping decisions across credit, insurance and customer services, yet […]
Watch on-demand: Sessions with our compliance experts
The best of our online sessions with experts All our online sessions in one place – all you need to know about the latest changes in the regulatory landscape, top tips and best practice for financial services firms. https://vimeo.com/1126121961 Redress roadmap- what the FCA’s new redress scheme means for you Explore what the FCA’s […]
AB Accounting: AML heat to rise
Accountancy firms should prepare for tougher anti money laundering and counter terrorism financing (AML/CTF) supervision as the FCA is set to take supervision from 23 professional body supervisors, bringing stricter enforcement, greater scrutiny and heavier compliance demands. The regulator’s data-led, risk-based approach will increase the depth and frequency of checks, with a strong focus on […]
Anti-money laundering (AML) under FCA: are accountancy firms ready for the new compliance era?
The anti-money laundering (AML) landscape is about to change dramatically for accountancy firms. With the FCA poised to take over AML and counter-terrorist financing (CTF) supervision from 23 professional body supervisors for the legal and accounting sectors, firms will face a new era of regulatory rigour under the single regulator. Joe Norburn, CEO of TCC Group (TCC, Momenta and Recordsure), shared his views on this “transformational” shift with […]
Top ten regulatory priorities for financial services firms in 2026
As financial services firms consider what lies ahead for them in 2026, the FCA’s priorities for 2025–2030 continue to emphasise the delicate balance between supporting growth and ensuring firms “do the right thing.” The FCA’s five-year strategy, set out in March 2025, is anchored in four areas: being a smarter, more efficient regulator; supporting growth […]
Financial crime at speed: Protecting customers in a real time, digital world
Financial crime is no longer a static threat – it’s evolving at the same pace as digital banking, instant payments and AI. We take a look at the biggest pressures facing financial institutions today and what it takes to build smarter, more resilient defences. With digital banking expanding, new payment technologies becoming mainstream and regulatory […]
The Secrets of AI Agents
Insider’s View TCC Group‘s Chief Technology Officer, Kit Ruparel, has been a long-standing advocate of selecting appropriate AI for the job in hand: Predictive AI for uncovering and interpreting content, and Generative AI for creating new content. As AI Agent technologies ride the crest of the hype wave, Kit fears that the ease of […]
Elevate your career in Financial Crime: Momenta partners with Griffith University
The demand for skilled professionals in the Financial Crime sector is growing rapidly. With the upcoming AML Tranche 2 legislation set to reshape industries across Australia, the need for advanced knowledge and practical expertise has never been greater. To help meet this demand, Momenta is proud to announce a new partnership with Griffith University’s Academy […]
Understanding Your Compliance Priorities in 2024: How Momenta People Solutions Can Strengthen Your Financial Crime and Compliance Teams
In the ever-evolving landscape of financial regulations, staying ahead of the curve is not just a goal; it’s a necessity. The recent announcement from AUSTRAC outlining regulatory priorities for the year ahead underscores the heightened focus on bolstering the financial system’s resilience against money laundering, terrorism financing, and other serious crimes. As organization’s brace for […]
Navigating AML Tranche 2 Reforms
The Australian Government is reforming Australia’s anti money laundering and counter-terrorism financing (AML/CTF) regime. These regulations propose to extend the existing AML/CTF legislation to certain high-risk services, known as tranche 2 services. The reforms aim to simplify and modernize the regime, reduce complexity, and harden Australian businesses against exploitation by serious organized criminals. Expert insights […]