From the team · Page 3
Risk & Compliance
Since 18 November 2025, new UK directors and PSCs must verify their identity with Companies House, and existing ones within a 12-month transition to mid-November 2026. It adds register signals for KYB teams, but does not show that the person applying to you is that director.
Risk & Compliance
From 1 May 2026, under a CBN circular dated 12 March 2026, only adults can enrol for a BVN, the linked phone number can change only once, banks must hold BVNs tied to suspicious transactions on a 24-hour watchlist, and database access is limited to licensed institutions.
Risk & Compliance
The CBN's baseline standards, issued on 10 March 2026, set mandatory minimum requirements for automated systems that detect, analyse and report suspicious activity in real time. The CBN has said compliance is assessed at the level of the institution, so buying a tool is a start, not an answer.
Risk & Compliance
goAML is software built by the UN Office on Drugs and Crime for financial intelligence units. Reporting entities register on their FIU's goAML portal and submit reports by web form or as XML files that follow the goAML schema, using the FIU's own codes.
Risk & Compliance
A useful SAR or STR narrative answers who, what, when, where, why and how in one chronological account, explains why the activity is unusual for this customer, and gives facts an analyst can follow without opening your systems.
Risk & Compliance
Keep two queues with two jobs. Triage alerts quickly and label every one; open an investigation only when the evidence needs an owner, group it by customer, prioritise by risk and deadline, and close it with a recorded outcome and rationale.
Risk & Compliance
Replay recent scored events through the proposed configuration, then read each decision that would change as well as the count. A backtest shows what a change would have done to the past; your written expectation is what tells you whether that is the right result.
Risk & Compliance
A monitoring rule earns its place when it maps to a risk you actually carry, fires on data you actually send, and produces alerts an analyst can close with a reason. Tune rules against labelled outcomes, never against alert counts alone.
