New AML compliance service to cut time spent onboarding clients

first_imgThree companies have joined forces to launch a new AML and Know Your Client compliance platform that promises to drastically reduce the often lengthy process of onboarding clients.It also comes as HMRC cracks down on the property industry and the wider economy in a bid to curb money laundering.The software will be initially only available to estate agents and has been created jointly by client onboarding specialist eLegal, leading ethical digital identity platform Yoti, and global KYC and AML data provider Arachnys.As agents will be aware from several high-profile cases involving Purplebricks and Countrywide, HMRC has been focusing on fining agents for non-compliance with AML rules and regulations within their branches.Non-complianceInce, the company behind eLegal and the lead organisation in the alliance, says agents too often find the AML/KYC onboarding process fragmented, time-consuming and leaves them exposed to potential costly non-compliance fines.It also claims that many resort to Google searches to check out buyers, sellers and tenants and that its system minimises human error.The Ince service combines a range of functions including checking sanction lists, identity, Ultimate Beneficial Ownership, complex case referral and a full audit trail of all processes.Mark Tantam, Managing Partner, UK and Global Head of Consulting at Ince, says: “Our collaboration with eLegal, Yoti and Arachnys addresses the existing need in the market for a fully integrated solution that involves both advisory and action-based services.“This prevents critical gaps in the digital KYC process, saving time and money whilst protecting reputations.”eLegal Mark Tantam Ince HMRC AML YOTI March 17, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » New AML compliance service to cut time spent onboarding clients previous nextProducts & ServicesNew AML compliance service to cut time spent onboarding clientsInce says its new service is being launched in the property industry first and will minimise human error and the risk of fines.Nigel Lewis17th March 20210805 Viewslast_img read more

Baker expresses upset at BFP depot closure

first_imgAn independent baker has accused BFP Wholesale of a lack of transparency in informing customers of its depot closure, meaning she was forced to source products elsewhere. While Nick Harris, managing director of BFP, last week confirmed to British Baker that the Tamworth depot would close at the end of this month, it appears that its smaller customers have not been informed.Palo Barker, director of Barker Bakes in Sutton Coldfield, first heard rumours of the closure last month and has “been trying to find out what is happening” since then. The bakery uses BFP mostly for icing sugar and icing paste, which Barker collects herself to the tune of around £4,000 a year.“Everybody who, like us, is classed as cash sales will no longer be served by BFP,” Barker told British Baker. “So it’s fine if you’re one of the big boys, but everybody else will be left in the lurch. We are not important enough – they only care about the big companies.”Barker is now faced with “desperately” trying to find another source for the ingredients she used to use BFP for. “It is hard to find another supplier and I haven’t got time to be chasing up and down the country. I could switch to Tate & Lyle, which I could get from Costco, but I don’t really want to do that as we have always supported British sugar and stick to the local economy.”On asking workers at the depot, whom she is on good working terms with, she was told all BFP customers would soon receive a letter explaining what was going on, which has not yet arrived.In response, BFP’s Harris said: “All customers will receive or have received notification of new delivery days.”last_img read more

Premier Foods criticised by leading shareholder

first_imgPremier Foods has come under fire from a leading shareholder after McCormick walked away from negotiations to buy the Mr Kipling producer.Paulson & Co, US hedge fund and Premier’s second biggest shareholder, said it was “Extremely disappointing that the board could not recommend an offer at a 106 percent premium to the pre-announcement price.”Yesterday, US spice brand McCormick said: “It would not be able to propose a price that would be recommended by the board of Premier Foods” after examining Premier’s books. It had previously made three offers for the company at 52p, 60p and 65p a share respectively.Paulson & Co, along with another major shareholder Standard Life, had previously lobbied Premier to engage in talks with McCormick or other bidders. Standard Life also criticised the timing of Premier’s cooperation agreement with Japanese instant noodle firm Nissin, saying it questioned the company’s “objectivity and commitment” regarding engagement with McCormick.Shareholders may yet have an impact yet on proceedings, with an industry banker not involved in the situation telling the Daily Mail: “I don’t think this is dead yet. If I were a gambler, I’d think the shareholders would have some pretty tough discussions with Premier Foods’ management.”Premier’s share price plummeted over 25% in the wake of the announcement and this morning had not recovered, down to 42.87p per share at 9.06 this morning from 57.13p the night before McCormick’s announcement.last_img read more

Gorillaz’ Damon Albarn Refused To Record With Prince Because He Couldn’t Smoke In The Studio

first_imgYesterday, Gorillaz made headlines, as the animated hip-hop group detailed their forthcoming album, The Now Now, and shared two new singles, a music video, and a listing of tour dates with fans. Given this announcement, frontman Damon Albarn has been on a media tour, with the famed musician stopping in with Gordon Smart of Radio X to chat about the new release.During Albarn’s talk with Smart, the conversation steered toward Albarn’s almost collaboration with Prince. As noted by Pitchfork, Albarn told listeners that at one point he was invited to Paisley Park “to go and play with Prince.” However, while most people would jump at the opportunity, the Gorillaz leader turned down the invitation, noting that he refused to go after he found out that Prince didn’t let people smoke in his studio.“I was having a drink and a fag—I don’t actually smoke anymore, knocked that one on the head—but if you can’t be who you… If I’ve invited someone to my studio, they’re my guest, and there aren’t any conditions like that,” Albarn explained. He continued, “Anyway, it’s like, I can have a cigarette outside if I needed it—I’d be fucking excited, right? Why the fuck would I not want to fucking go mad if I’m with Prince? I’d rather not do it and not get pissed off with the whole thing. It’s just one of those ‘could have been’… I’ve got a few of those.”Gorillaz 2018 Tour Dates06/01 – Nuremberg, DE @ Rock Im Park06/03 – Mendig, DE @ Rock Im Ring06/09 – Dublin, IE @ Malahide Castle06/15 – Barcelona, ES @ Sónar Festival06/21 – Chiba, JP @ Makuhari Messe07/05 – Werchter, BE @ Rock Werchter07/06 – Gdynia, PL @ Open’er Festival07/07 – Roskilde, DK @ Roskilde Festival07/11 – Bern, CH @ Gurtenfestival07/12 – Lucca, IT @ Lucca Summer Festival07/14 – Bilbao, ES @ Bilbao BBK Live07/19 – Nyon, CH @ Paléo Festival07/21 – Carhaix, FR @ Vieilles Charrues07/22 – Paris, FR @ Lollapalooza Paris07/25 – Kiev, UA @ U-Park Festival07/28 – Moscow, RU @ Park Live Festival08/09 – Budapest, HU @ Sziget Festival08/11 – Ovington, UK @ BoomTown Fair08/16 – St. Pölten, AT @ Frequency Festival08/17 – Biddinghuizen, NL @ Lowlands Festival10/08 – Toronto, ON @ Air Canada Centre *10/09 – Montreal, QC @ Bell Centre *10/11 – Philadelphia, PA @ Wells Fargo Center *10/13 – New York, NY @ Barclays Center *10/14 – Boston, MA @ TD Garden #10/16 – Chicago, IL @ United Center *10/20 – Los Angeles, CA @ Demon Dayz Festival* = w/ The Internet# = w/ Little DragonView All Tour Dates[H/T Pitchfork]last_img read more

From bodysuits to bikinis

first_imgBefore itsy-bitsy, yellow polka-dotted bikinis detonated on American beaches, women had few options for what they sported in the water. The standard bathing suit for a woman at the turn of the 20th century was around nine yards of wool or flannel that covered everything but her head.Marilyn Morgan, a manuscript cataloger in the Schlesinger Library at the Radcliffe Institute, is studying the history of bathing suits in America, uncovering lots of secrets — and skin — along the way.It’s a project that began more than a decade ago when Morgan was a doctoral student in history writing her dissertation. While researching, Morgan was scouring newspapers when she noticed something peculiar: front-page articles devoted to women swimmers.“This was in the mid-1920s,” she recalled. “So these women swimmers had Babe Ruth to contend against, and the boxer Jack Dempsey, and yet there were more front-page articles on women swimmers than on Babe Ruth.”Morgan had never heard of these sportswomen, aside from Gertrude Ederle, the first woman to swim the English Channel. “You don’t read about this when you read women’s history,” she said. “It’s just not there.“And yet swimming was advertised as the sport for women, which I found so interesting. Newspapers said women were just naturally better at it. They thought it was this pure form of activity because women weren’t sweating, they weren’t grunting, and you couldn’t see their bodies in the water.”Her book in progress, titled “Beauty at the Beach: Marathon Swimmers, the Media, and Gender Roles in American Culture, 1900-1940,” examines not only the evolution of bathing suits but also this pioneering troupe of female long-distance swimmers who became a media sensation at a time when other female athletes “were criticized for being too muscular,” said Morgan.Women would even compete against men, according to Morgan. “First they covered themselves in seven pounds of lard because the waters were so cold,” she said.Morgan’s book also will cover topics ranging from the development and marketing of women’s swimwear to the roles that female swimmers played in women’s suffrage. She’s also interested in the emergence of bathing suits in Hollywood and their appearance in the Miss America pageant (which caused it to be “shut down in 1927 for being too risqué,” Morgan noted), and on “Learn to Swim” campaigns, which swept the country promoting swimming as a “desirable activity for women.”“Even at Radcliffe College,” said Morgan, “every woman had to swim to be able to graduate.”Last fall, the Harvard University Library (HUL) awarded Morgan a three-month leave through the Extended Professional Development Opportunity Program to work on her independent project. Morgan plans on taking weeks off at a time, traveling to Washington, D.C., and New York City, among other places, to continue her research and to write.“I am extremely grateful for these wonderful resources that the HUL makes available,” said Morgan, who in 2007 received the Douglas W. Bryant Fellowship, also from the HUL.Morgan says her everyday job collecting and archiving letters, journals, bills, cards, and other artifacts of women’s history involves “imposing order on chaos.” Perhaps to find balance amid the cartons of donations that arrive at the Schlesinger each day, Morgan volunteered last year to teach free yoga classes to Radcliffe Institute staff and fellows inside the Radcliffe Gymnasium — and she’s in the process of being certified as a yoga instructor.“I feel really lucky that I get to do what I do for work,” said Morgan. “And I like that I can offer something small back to the Radcliffe Institute community.”last_img read more

China’s Xi calls for unity in fighting virus, climate change

first_imgChinese President Xi Jinping has called for cooperation in fighting the twin challenges of the pandemic and climate change in an address to the World Economic Forum. He said Monday that humankind only has “one Earth and one future” and must pull together to avoid conflict and resolve differences through respectful dialogue. Much of what the Chinese leader said was a reiteration of Beijing’s usual stance on such issues. Xi was speaking from Beijing to the virtual gathering that is taking place in lieu of the annual in-person meetings in Davos, Switzerland, due to the COVID-19 pandemic. The forum has said it plans to hold its annual meeting in person in May in Singapore.last_img

Former ND administrator dies at 81

first_imgSr. Jean Lenz, former assistant vice president for student acffairs, died Saturday at a retirement home in Joliet, Ill., after a long illness. She was 81. An alumna of Notre Dame, Lenz worked as an administrator, rector and adjunct professor for the University. University President Emeritus Fr. Theodore Hesburgh described Lenz as a “friend, counselor and almost-confessor.” “The time students spend with her exposes them to goodness, fun and deep beauty,” he said. “Her teaching brings them face to face with the Christ in whom she deeply believes.” A Chicago native and a Franciscan sister of the Congregation of the Third Order of St. Francis of Mary Immaculate, Lenz earned her master’s degree from Notre Dame in 1967. She was one of the first women rectors to serve on campus following the University’s transition to coeducation in 1972. Lenz served as rector of Farley Hall from 1973 to 1983, when she was appointed rector and chaplain of the London Program. In 1984, she was appointed vice president for student affairs and served intermittently as an adjunct professor of theology. In 1998, she received an honorary degree from the University of Portland for her service as a mentor to students. She published an anecdotal account of her life of service, “Loyal Daughters and Sons,” in 2002. In 2007, her name was added to the Wall of Honor in Notre Dame’s Main Building. Visitation will be held Wednesday from 2 to 7 p.m. at Our Lady of the Angels Retirement Home in Joliet, Ill., followed by a funeral Mass at 7 p.m. Burial will be Thursday at 9 a.m. in Resurrection Cemetary in Romeoville, Ill. University President Fr. John Jenkins will preside over a Mass of Remembrance for Lenz, which will be held Feb. 6 at 5:15 p.m. at the Basilica of the Sacred Heart.last_img read more

South Bend statue of Hesburgh, MLK honors civil rights movement

first_imgGretchen Hopkirk Fr. Theodore Hesburgh and Martin Luther King Jr. joined hands at a Chicago rally in 1964, singing “We Shall Overcome.”The photograph became a permanent part of the Smithsonian Institution’s National Portrait Gallery in 2007, and a copy of it was gifted to former President Barack Obama when he gave the Commencement speech in 2009.“President Obama knew of Fr. Hesburgh’s involvement in civil rights and actually said to him, ‘I wouldn’t be here today if it had not been for you,’” Tim Sexton, associate vice president for public affairs, said. “So when we look back at the symbol of that picture and that statue, we have to continue to remember both men as we continue to push forward to exemplify change.”Despite its emblematic nature, the photographer’s identity remains unknown.In 2016, Langland was tasked with creating the statue by the City of South Bend due to his reputation as a national artist.“I was aware of the work of a local artist, Tuck Langland, and he was the first person who came to mind when we were searching for a sculptor to complete this work,” Jitin Kain, deputy director at South Bend’s department of public works, said.Hesburgh is recognized as a civil rights champion, Kain said, especially since he was one of the main architects behind the creation of the Civil Rights Act of 1964.Kain, who was tasked with completing the fundraising, identifying a location and selecting an artist for the project, considers the statue more than a simple commemoration of the civil rights movement — he sees it as a representation of the community coming together as a whole.“The entire project represents community-wide collaboration and commitment to the idea of civil rights and social justice, which Fr. Hesburgh and Dr. Martin Luther King Jr. both stood for,” Kain said. “During the entire process, the community and donors came together in the spirit of collaboration and provided the funds necessary for the monument. In many ways, it represents the work and commitment of the two leaders who are depicted in the sculpture.”The sculpture’s installation represents an approximately $300,000 city-led project that was funded through both public and private donations.“We had strong commitments from the University of Notre Dame, including a couple of generous donors who helped make this possible,” Kain said. “Additionally, we received significant grants support from the Community Foundation. Local residents and businesses also came together to provide the rest of the support to make the monument possible.”After an approximately 18-month-long process of collecting funds and creating the piece, the sculpture was unveiled in a ceremony held in June 2017, exactly 53 years after the rally originally took place in Chicago.According to Kain, several hundred people attended the ceremony, including former South Bend mayor Pete Buttigieg, University President Fr. John Jenkins and several community leaders.Events included a march from the Civil Rights Heritage Center to downtown South Bend and a lineup of speakers. The ceremony finished with the sculpture’s unveiling and the group coming together to sing “We Shall Overcome.”Sexton described the event as “the mix of South Bend,” and said the event demonstrated an important sense of community unity.“As a community we still have opportunities for improvement, but I think this was a way of showing we can come together,” Sexton said. “These are two men who exemplified what we want to be, and that’s why it was so special to see the diversity at the actual dedication.”Tags: Father Hesburgh, Father John Jenkins, Martin Luther King Jr., Mayor Pete Buttigieg Two men joining hands stand firmly at Leighton Plaza.At times, people visiting the area pose next to them taking pictures. A historic snapshot, the statue featuring Martin Luther King Jr. and University President Emeritus Fr. Theodore Hesburgh permanently preserves an aspect of the civil rights movement in downtown South Bend.Created by local artist, Tuck Langland, the bronze statue depicts the iconic photograph of Hesburgh and King at the 1964 Soldier Field rally in Chicago, when both men came together to sing “We Shall Overcome.”last_img read more

Executive chefs reflect on Notre Dame campus dining in light of COVID-19

first_imgIzzi Barrera | The Observer Students pick up food in South Dining Hall to eat outside socially distanced or in their dorms in the midst of the COVID-19 pandemic.However, cooking has more meaning than just combining ingredients to create dishes to the two chefs. Cooking is about creating relationships and bringing joy to students on campus. Larson finds fulfillment in creating food for students and being a part of the Notre Dame experience.“We get to learn from the students,” Larson said. “That’s probably the most rewarding part, getting to see all these students for four years and watching what they do. At times it can feel thankless like any other job, but it also connects you to people that you don’t get connected to in a normal kitchen environment. There’s always someone to meet and there’s always something to learn.”The new protocols surrounding COVID-19 have completely transformed campus dining. In the past, students were able to serve themselves in a buffet style. Now, food must be boxed up and taken to go in a sustainable manner. In the beginning, Larson and Macerata received a lot of negative criticism.“In the beginning of this, it was kind of nightmarish for us to be honest,” Macerata said. “We did a complete turnaround overnight. That’s one thing we learned. Here’s what we know today, tomorrow might be different. We didn’t do well right off the bat, but we never gave up. Every day we came back and kept trying and we kept adapting every single day and even hour by hour.”Over the last few months, dining increased in efficiency and variety, while keeping COVID protocols in mind. For example, the dining halls began to provide more inclusive options, like adding a vegan line and fresh desserts. The dining hall reopened for in-person dining with plexiglass shields on Oct. 5.Larson and Macerata plan on adjusting as needed in the upcoming months.“I don’t think we’ve stopped changing at all,” Larson said. “We’re still figuring out how do this the best way we can and get back to our identity as chefs. I think that we’re still uncertain about the future.”At the end of the day, Macerata said it all comes back to serving students and bringing joy to the community.“I don’t have a favorite dish to make, but I do have a favorite reaction. If I make something, and I see the customer smile,” Macerata said. “They’re genuinely truly happy and it doesn’t matter what it is.”Tags: Campus DIning, executive chef, NDH, SDH Gregory Larson and Giuseppe Macerata, executive chefs for North Dining Hall and South Dining Hall respectively, are juggling much more than just ingredients this year.Maintaining safety for the campus community and kitchen staff, while also being responsible for providing fresh food, is no easy task. However, the campus dining staff is working hard to make food for thousands of undergraduates while adhering to COVID-19 protocols.For Macerata, cooking has always been a part of his identity. He grew up in family restaurants and has been a chef at Notre Dame for nearly 25 years.Larson started working at Notre Dame in 2004 and worked his way up to the executive chef position. He hadn’t always planned on cooking – it was a necessity at first and became a hobby later. After realizing cooking was his passion, he completed culinary school before moving to South Bend.The executive chef position at Notre Dame is centered around student life, Larson said. Dining on campus is an essential facet of residing on campus.“Our primary focus is residential dining and making the students feel welcome and feel at home,” Larson said. “It’s about giving variety and keeping it interesting and making sure that happens.”Larson and Macerata’s position also includes managing staff and maintaining safety, especially during the COVID-19 pandemic.“It’s not only food safety but physical safety and staff and things like that, and we are responsible for all of it,” Macerata said.However, their roles as chefs on a college campus are unique in many ways. They don’t work in a typical kitchen environment because they don’t serve typical customers.“We’re given parameters and then we push the boundaries of the parameters,” Macerata said. “We’re able to push the boundaries on food and the experience which is really cool. This industry is constantly evolving, so if we put our feet in the mud, we get stuck.”last_img read more

One More Patient Recovers From COVID-19, No New Cases Reported Monday

first_imgWNY News Now / MGN Stock Image.JAMESTOWN – One more person has recovered from COVID-19 in Chautauqua County.Health officials during their Monday afternoon update also reported no new cases today.So far, there remain a total of 37 confirmed cases with four active, 29 recovered and four deaths.As of 4:30 p.m. Cattaraugus County has not yet provided a COVID-19 update. Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)last_img