EP736: The challenges of managing AML and KYC compliance in the UK

Phil Cotter, Chief Executive Officer, Smartsearch

Earlier this year, the UK’s HM Treasury published its consultation on improving the effectiveness of the Money Laundering, Terrorist Financing and Transfer of Funds Regulations. New rules will inevitably follow – the clock is ticking on that. While we may welcome improved clarity, it will also mean a higher regulatory burden. Staying compliant with constantly changing regulation is a pressing challenge. Smartsearch specialises in providing digital compliance solutions for regulated businesses in the UK. Robin Amlôt of IBS Intelligence speaks to the company’s CEO, Phil Cotter.