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Fighting ‘Ronnie Biggs’, 2017 style

By Wayne Johnson | June 27th 2017
in the media | fighting ronnie biggs, 2017 style | huffington post | encompass blog

Speaking to the Huffington Post, encompass co-founder and CEO Wayne Johnson stated that levels of money laundering were currently at unprecedented levels.

It was therefore necessary for authorities to be stringent in the regulations that were passed. This is the case with the new 4th Money Laundering Directive which passed into law on June 26th 2017. Johnson was clear that at well as regulations from authorities, there was much that could be done by regulated firms to ensure that they were protected against money launderers. One of these is to use the service of a RegTech, or regulatory technology, companies.

Speaking on the innovative and collaborative mindset that has been shown throughout the UK in creating so many successful startups in RegTech in particular, Johnson says:

We have some of the best innovative minds clustered not just in London, but also in many of our leading university towns. Plus generous investment and impressive enterprise schemes ensure the very best startups get off the ground.”  

Read the full story in the Huffington Post:

<blockquote class="embedly-card" data-card-key="27f2467471b347deb34a7006cf4ca9eb" data-card-controls="0" data-card-type="article"><h4><a href="">Fighting 'Ronnie Biggs', 2017 Style</a></h4><p>The RegTech Revolution and Why it Matters It may be far from the theatrical thrill of the great train robbery or the sheer chutzpah of the Hatton Garden raid, but today's financial crime is a huge global problem, one that costs the UK £52 billion a year.</p></blockquote><!-- [et_pb_line_break_holder] --><script async src="//" charset="UTF-8"></script><!-- [et_pb_line_break_holder] -->

about encompass

Founded in 2011 by entrepreneurs Roger Carson and Wayne Johnson, and operating from the UK, encompass is the creator of unique, innovative Know Your Customer (KYC) software for banking, finance, legal and accountancy that enable better, faster commercial decisions. The company is driven by the belief that the best decisions are made when people understand the full picture.

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Author: Wayne Johnson

Wayne co-founded Encompass in Sydney and took the Encompass product to market there in 2012. Since then, as CEO he has led the international expansion of Encompass, including the launch in the UK in 2015 and Singapore in 2018, and recognition as one of the UK's most influential RegTech firms. Prior to Encompass, Wayne was co-founder and CEO of Software Associates, until the company's successful exit to a Hong Kong listed Company.

LinkedIn Profile | Wayne Johnson

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