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The rise of financial crimes, including money laundering, fraud, and terrorist financing, poses significant challenges to the stability and...
Car finance collections are an important aspect of the car finance industry in the UK. According to a report...
Tranche 2 is expected to have a significant impact on the real estate sector in Australia. This article takes...
Accounting firms are a principal targets of AML/CFT Tranche 2, and not all understand AML/CFT regulations. What do accounting...
AML Tranche 2 legislation means that the risk of criminal misappropriation escalates for lawyers and other lawful practitioners such...
All mortgage departments are very aware of the worst spike in interest rates in recent times. It is estimated...
It is likely that trust firms will need to comply with stricter anti-money laundering regulations in the future. With...
Impacts of AML Tranche 2 on the Real Estate Market Australia’s real estate market can be attractive to money...
Accounting firms are one of the main targets of AML/CFT Tranche 2 and not all firms understand the likely...
The possibility of criminal misappropriation escalates for lawyers and other legal practitioners such as notaries and corporate formation agents....
A key component of the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) Act in Australia is the implementation of...
The past 12 months of ever-evolving hiring trends has shaped the destiny of what contingent recruitment will deliver to...
The past 12 months of ever-evolving hiring trends have shaped the destiny of what contingent recruitment will deliver to...
New Zealand is home to more than 4 million people, and its economy is constantly growing. The country lacks...
2023 will see insurers leveraging on the momentum they have gained in 2022 to keep a continual innovation-focused culture...
Financial crime negatively influences the community’s economy and does not go unpunished. It denies the region financing for necessary...
The world economy is fragile at the dawn of 2023, and a major reordering seems necessary. Banks around the...
The great resignation has seen a mass migration of talent shift, due to changing landscapes that have been impacted...
Financial crime in the US is continuing to be a key concern for Financial Institutions in 2023 as global...
Higher and clearer standards of consumer protection for retail clients is the motto all retail firms should be repeating...
The 2018 FATF report and the UK Treasury Committee Report noted that the UK needed to “strengthen its supervision...
The government of New Zealand recently said that it would implement open banking over the next two years, making...
The Australian market is prone to criminal opportunities as the current AML/CTF regime is unaware of the market complexity....
The insurance industry is currently playing catch-up due to the operational environment’s fast change, changing expectations, and new, more...
The banking industry is seeing tremendous disruption brought on by digitalisation and innovative technologies, and the pace of change...
By the end of October 2022, enterprises’ Boards (or equivalent management bodies) should have approved their implementation plans, and...
The hope of digital adoption is that Australian banks will be able to monitor compliance and boost efficiency in...
The FCA is recommending the implementation of four outcomes that capture the essential components of the firm-consumer relationship, including...
Regulatory bodies are adopting a more proactive approach as the 6th AML, ASIC, and APRA plans focus on cybersecurity...
Following the Bureau of Meteorology’s (BOM) announcement of a continued La Nina weather trend, the Insurance Council of Australia...
Australia’s insurer losses due to catastrophic natural disasters Australia is prone to natural disasters due to its geographic location,...
Over the past year or so, the advantages of a contingent workforce have become abundantly clear. The global recruitment...
According to a survey by litigation funder Harbour, the legal services industry has been particularly hard hit by the...
What and why is there a talent and skills shortage? Staff shortages brought on by Covid are crippling the...
As the nature and expectations of employees across the globe continues to evolve in 2023, the need for a...
There has been a global increase in AML regulations as the fight against financial crime intensifies across global borders....
It comes as no big surprise that the FCA did not significantly alter the Consumer Duty’s core provisions after...
The Financial Conduct Authority (FCA) has announced that it intends to implement a new Consumer Duty that would significantly...
The world has considerably altered post-pandemic with new work norms being forged. Future success will demand new abilities and...
The European Union (EU) is implementing the Digital Operational Resilience Act (DORA), which was announced as part of the...
The future of the workforce is a trending topic for multiple industries, as new workforce norms are being defined....
Multinational corporations face greater difficulty than ever before in dealing with diversity, not simply to fulfill objectives, but also...
The BNPL industry is expected to reach US$ 3268.26 billion by 2030 [1], with a CAGR of 43.8 %...
The Financial Conduct Authority has released the results of a multi-firm investigation into financial crime controls at challenger banks....
Risk and compliance personnel, particularly those that specialise in financial crime compliance, are still in short supply in the...
The pandemic has created a need for businesses and corporations leaning towards legal technology, leaning into being able to...
Knowing your customer is a cornerstone of anti-money laundering and sanctions compliance procedures, but it is not always straightforward,...
On Monday, March 14th, members of the Lords will begin a detailed examination of the Economic Crime (Transparency and...
As the nature and expectations of employees across the globe continues to evolve in 2022 in the face of...
The FCA, the Bank of England, and foreign authorities have now completed the final steps to phase out LIBOR,...
One month into the new year, we check-in to see how initial progress is shaping up in the US...
By the end of 2022, the financial service market in the UK will have been through a process of...
Due to the nature of the pandemic’s effect on the job market, and the inevitable uncertainty that was created...
What are the latest movements from FinCEN? FinCEN is primarily interested in learning more about how to modernise risk-based...
It’s often very difficult to make forecasts in the fight against financial crime, with new tactics and methods of...
Firstly, to compete and thrive in an increasingly unpredictable post-pandemic environment, major institutions will need to embrace a future-fit...
Over 80% of trade and supply chain financing prices in the world are based on the London interbank offer...
The global art market is under growing scrutiny from governments in the UK, Europe, and the United States, who...
Last week the FCA submitted their final LIBOR publications before the all-encompassing deadline for cessation at the end of...
Year-on-year, the number of enforcement actions and penalties for non-compliance with anti-money laundering (AML) legislation continues to rise. And...
The Pandora Papers, which were leaked recently to much fervour from the wider media, revealed that several celebrities, politicians,...
The Economic Crime (Anti-Money Laundering) Levy has been developed in the hope of creating a long-term Sustainable Resourcing Model...
The FCA recently confirmed rules for legacy use of synthetic LIBOR rates which can be used for a limited...
Momenta Group, the UK-headquartered global contingent resource firm, that specialises in remediation programmes for financial services and legal sectors,...
Ransomware and financial criminals utilising cryptocurrencies for the purposes of conducting illegal transactions have become key issues of focus...
Following on from the recently issued ‘Dear CEO letters’, regulators have warned that financial crime control gaps need to...
The signs are becoming ever clearer that UK firms should be preparing to beef up their AML systems and...
With the aftershocks and wider impact of the pandemic on businesses still very much in the formative stages of...
It seems that everywhere you turn a BNPL (Buy Now Pay Later) service is being offered to you as...
In an international effort to fight terrorist financing, UK art dealers are now responsible for the appropriate checks on...
The FCA and PRA recently sent out their ‘Dear CEO’ letters in September, asking those in trade finance to...
The last month has seen some significant movement in US markets as momentum builds towards LIBOR’s impending demise. So...
AML efforts in the US have been a key governmental priority throughout the implementation of AMLA 2020 and the...
The signs are becoming ever clearer that UK firms should be preparing to beef up their AML systems and...
Many banks have a backlog of remediation and client files to refresh on top of a timetable of periodic...
It is estimated that more than half of UK firms have been impacted by some form of financial crime...
In the face of an exceptionally challenging year, Momenta are finalists in the Tiara Recruitment Awards by TALiNT Partners in...
Since the start of the COVID crisis in March 2020, UK Banks have distributed more than £75billion of lending...
Compliance departmental spend has seen an enormous surge over the last few months for UK firms who are struggling...
With less than 6 months to now go until LIBOR’s cessation, there is currently a cautious sense of optimism...
Becoming an independent contractor can bring with it opportunities that full time role simply cannot. If you are considering...
Industry Leader Sujata Dasgupta who is the Global Head – Financial Crimes Compliance Advisory at Tata Consultancy Services Ltd...
As US business continue to plan, prepare and look-beyond the imposition of the new AMLA act to a world...
Last week, Thursday 13th May, UK regulators (FCA & Bank of England) urged banks, by the 16th of June,...
On the 29th of April 2021, The Financial Services Bill received Royal Assent, meaning it is now written into...
As we celebrate and raise awareness of the key-themes during mental health week, we wanted to take time during...
The LIBOR Legislation Bill has recently been passed by New York State, raising hopes of a smoother transition for...
Momenta sat down with Industry Leader Marcus Morton, Managing Director Valuation Services, Duff & Phelps, who discussed the importance...
Compliance teams have, it is fair to say in recent times, had a seemingly never-ending array of differing pressures...
In our latest Momenta insight, we explore why the recently passed Anti-Money Laundering Act (the “Act”) of 2020 will...
With the April 1st, 2021 milestone having now been passed, Capital Markets can no longer use LIBOR in any...
In our latest Momenta insight, we focus on the latest notable news and developments to have taken place across...
Until now, the United States and its territories have had sole responsibility for the establishment and administration of legal...
Momenta bolsters The Big Issue’s RORA (Ride Out The Recession Alliance) through offering its staff to coach jobseekers back...
It is commonplace for many people working in the contract or temporary employment market to use a Limited Company...
The LIBOR transition will require a different approach when it comes to ensuring that you have the right people...
The COVID-19 pandemic has created a great deal of concern and uncertainty for industries across the globe, and the...
In recent years, the financial services industry has never seen a greater need for appropriate teams to be in...
The LIBOR transition has been deemed one of the biggest changes to established processes that businesses operating in the...
On 21 October 2020, The UK government announced the launch of the Financial Services Bill. The Bill was specifically...
Listen to the full webinar Our latest webinar with partners people matters, leading experts delved into what measures can...
Most banks have a backlog of remediation to refresh and periodic review to implement. Shifting regulations have meant that...
When considering a career in the legal world a paralegal role can give you first-hand experience of the legal...
Mortgages processing times have increased significantly in the last few months as homebuyers in the UK were able to...
As with many cases of financial crime, criminals use weaknesses to develop their tactics and it’s been no different...
Momenta sat down ( virtually) with Anurag Gupta to discuss it all. Anurag is the Chief Risk Officer at...
Hanif Viriji a LIBOR industry specialist and Director of Vivadum talks to us about LIBOR and explains the real...
Momenta sat down with Ritesh Jain, a leader in the financial services space. He has held positions with the...
On Friday the 9th of October 2020, ISDA announced the launch of its IBOR Fallback Protocol and IBOR Fallbacks...
All facets of society and business are forced to create new norms to adjust to the COVID-19 world we...
LIBOR regulatory updates Policymakers and regulators have been vocal about their expectations of organisations concerning transitioning to new index...
Find your place in the world: How to land your dream graduate role After studying for a certain amount...
The UK will officially complete its transition out of the European Union on the 31st December 2020, and many...
It is no surprise that more societies are adopting cashless methods of transactions, and organisations are embracing digital integration....
Face to face interactions sadly seems to be a thing of the past as financial services players embrace digital...
A biological disease will determine the fate of economic markets, many have never had to predict or deal with...
Momenta sat down with Nitin Shakdher, a professional institutional investor as the Founder & CEO at the Green Capital...
Momenta sat down with Tom Wipf, Vice Chairman of Institutional Securities at Morgan Stanley and Chair of the Alternative...
The importance of collection handlers during a pandemic During these unprecedented times, businesses, in particular those trying to collect...
As criminals have adapted to a faster, digital environment, risk compliance has become a key component for all in...
The financial hardships brought as a result of the pandemic has caused significant growth in individuals turning to Buy...
All players in the financial services sector are facing the biggest change since the implementation of the Euro, as...
The financial industry has never seen a greater need to cope with the abundance of pressure placed on them....
March 2020 saw the US unemployment rate rise to 13.2%, the highest rise seen in the last 50 years...
Compliance teams, the watchdogs of any institution ensuring regulation is adhered to and abided by, will now need to...
Like many countries, Australia has already started to witness the economic ramifications the COVID-19 pandemic has caused. As a...
Global companies are now letting go of the traditional office settings that use to house their businesses. The pandemic has caused global...
Globally, governments are doing their best to create unprecedented financial packages: the UK is no different. In March, the...
Firms are inundated with immense amounts of workloads placed upon them as a result of COVID-19. Fiscal and monetary...
All facets of society and business are forced to create new norms to adjust to the COVID-19 world we...
Adjusting to working from home can be tricky for many as remote working becomes the new norm. Whether you...
Who knew a pandemic would create the optimal opportunity for crime to take place? Well, it most certainly has,...
Society, businesses, and industries are forced to create new norms to adjust to the COVID-19 world we inhabit. So,...
It has consumed our thoughts fuelled our anxiety and we are faced with new work realities, COVID-19 has impacted...
This is as much a financial pandemic as it is a medical one. As global businesses lack clarity on...
COVID- 19 has disrupted every facet of society, work is one of the biggest affected. From managing teams in...
Global digital transformation has changed how we live and also the traditional workplace. Many people are now looking for...
As a society, we are becoming increasingly aware of the threat posed by climate change and its impacts on...
The evolution of artificial intelligence (AI) has become an innovation that is used around the world in a number...
Are you supporting diversity in the hiring process? Workplace diversity is the view that your workplace or business should...
The Australian workforce is 11.9 million and of that number, 38 per cent of employees are open and looking...
The 5th Money Laundering Directive- 5AMLD came to fruition on 9 July 2019 and was adapted into Member States...
The move away from permanent 9-5 roles has encouraged many industries, such as finance and law, to hire contract...
With the European tech scene thriving, start-up businesses with a value of over $1bn (also known as Unicorns) are...
Contracting refers to project-based jobs that are carried out by professionals for a fixed period of time. This type...
Building your network: how to network as a young professional Networking is all about making connections and progressing your...
Are you a born leader who has experience managing multiple teams? Do you encourage productivity and hit quality targets...
Much of the time when a new project is launched there is little information around the project in its...
Against a backdrop of heightened legislative demands, it’s increasingly important for financial institutions to know who their customers are....
It can be hard to keep up with digital transformation in the workplace – in today’s world, the pace...
When people consider how to heighten their employment opportunities, moving to a big city is often high on their...
Moving to a new town or city to enhance your employment situation can undoubtedly be a daunting prospect. In...
Do you have a passion for in-depth research that helps to uncover the whole picture and provides your employers...
A lot of people don’t realise how much of an impact effective internal networking can have on progressing within...
Artificial intelligence (AI) is very much a reality in the 21st century and its influence has become intrinsically linked with...
As many will be aware, the Payment Protection Insurance (PPI) deadline is looming, with the Financial Conduct Authority stipulating...
People buy, generally, on emotion! Never can this be truer than when it comes to choosing a car, new...
Background and history In 2017 HMRC implemented a number of IR35 reforms for ‘off-payroll workers’ in the Public Sector...
With banks, building societies, credit card and loan providers handing out compensation to the tune of £34.4 billion over...
Last year the Financial Conduct Authority (FCA) announced that Small Businesses (SMEs) would be given an additional element of...
It’s increasingly important for businesses to focus on mental health and wellbeing in the workplace as part of a...
Although it is to be hoped that the more sinister themes from Aldous Huxley’s dystopian classic remain mercifully absent...
After a quarter of a decade working for a large corporate insurance company, one day I thought there must...
The FCA recently issued a progress report on its work in relation to the PPI complaints deadline. Included within...
With the Banking Executive Accountability Regime (BEAR) effective since the begin of 2018, banking executives become more accountable for...
Welcome to Momenta Thought Leadership. Every month we will be looking at what matters most in our industry and...