What happened
The article highlights increasing third-party financial crime risks, emphasizing the need for risk-based due diligence due to evolving sanctions, anti-money laundering, bribery, and fraud regulations in the EU and UK.
What compliance teams should check
- Review third-party due diligence processes
- Update compliance procedures for new UK and EU regulations
- Assess exposure to evolving sanctions and financial crime risks
- Train staff on the UK Failure to Prevent Fraud offense
FOR COMPLIANCE TEAMS
Catch stories like these on your own customers.
complead screens your customers against adverse media, sanctions and PEP lists, and re-checks them every day. When a name you hold turns up in the news, it lands in your case queue with the evidence attached.
Third-party risks around financial crime are accelerating and becoming more complex. Evolving sanctions rules, a renewed focus in the EU and UK on money laundering, bribery and corruption, and the UK’s Failure to Prevent Fraud criminal offense all put the onus on companies to understand exactly who their third parties are, who is behind them, and how they expose them to risk. The post Compliance must counter rising third-party financial crime risks with risk-based, integrated due diligence appeared first on Compliance Week .Compliance Week, 13 Oct 2026, 04:19 UTC, complianceweek.com