Anti-Money Laundering & Counter Terrorism Finance Requirements: A Licensed Club Case Study
Since its introduction in 2006, the requirements of incorporating Anti-Money Laundering and Counter Terrorism Finance (AML/CTF) procedures into businesses and industries have expanded year on year. Initially focused on banks and financing institutions, the requirements for effective AML/CTF frameworks and procedures have now expanded into licensed venues (casinos, clubs and pubs), solicitors, accountants and remittance […]
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Big Or Little… Your Data Tells Auditors A Valuable Story
In an era where every click on a mouse or key stroke on a keyboard is recorded and retained, there is a never-ending amount of data that can be obtained, analysed, and interrogated. Gone are the days when only “big data” had the value of being analysed, with platforms like ChatGPT providing the power and […]
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A “Perfect Storm” For Employee Theft And Fraud
During the various COVID lockdowns, businesses pivoted their operations to enable working from home arrangements for employees, while ensuring the key tasks of business continued. These changes included altering processes and traditional checks and balances used as reviews and approvals for key business transactions, ranging from processing customer credit notes, processing & paying payroll and […]
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