Posts by xapienstg
Manual processes weakening AML compliance in law firms
The regulator’s push to increase its fining power in 2025 is understandably causing concern among firms, who are keen to ensure their AML compliance processes are airtight. However, firms need to look beyond the immediate threat and start addressing deeper, more systemic issues within their operations.
Read More4 reputational risk tools to consider in 2025
86% of executives surveyed last year pointed to loss of income and a reduced customer base as expected fallout from reputational risks. But forming the best approach to identify those risks comprehensively and cost-effectively can be difficult.
Read More6 best legal software platforms for 2025
Client onboarding, litigation, and M&A matters all benefit from the right technology. However, firms must carefully consider which platforms are worth the investment.
Read MoreLaw firms need better client intake software to improve clearance times
Compliance teams we talk to often feel overwhelmed and under-resourced when it comes to AML compliance. And it’s no surprise—many are still using manual, outdated processes.
Read MoreHow AI can streamline supply chain due diligence
Consumers, investors, and employees are more socially conscious than ever. They expect transparency and accountability from the companies they support, invest in, and work for.
Read More5 important steps to an adverse media check
Compliance teams often rely on AML screening to build a risk profile. While this is an important first step, it provides only a partial view.
Read MoreHow to improve client care in law firms with due diligence
Exceptional client care means delivering a high standard of service. Truly knowing the client doesn’t start when you begin client matter work, it starts at the onboarding stage.
Read MoreStrengthen major donor fundraising with this intelligence
There’s a changing tide in major donor fundraising — a new wave of high-net-worth individuals are replacing the traditional everyday donors.
Read MoreFriction in your client intake process? AI can help
Client intake is a multifaceted process that involves compliance teams working across various tools and systems. It typically takes 30 to 90 days to onboard a new client, largely due to the manual effort involved in Customer Due Diligence (CDD).
Read MoreLegal client intake: How AI is helping firms do better
In the first quarter of 2024 alone, the SRA made over ten decisions on AML breaches, resulting in fines of up to £170,000.
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