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AML Compliance

5MLD: What you need to know

by Rory Traynor

UK AML laws are spread across numerous acts, directives, and regulations, making it difficult for directors to know exactly what they need ...

Fraud

Biggest benefit frauds cases against the UK government

by Rory Traynor

Benefit fraud costs the UK billions every year, with the Department of Work & Pensions estimating that over £9 billion was lost to ...

Fraud

Fraud In The Construction Industry

by Rory Traynor

Amongst the many challenges facing the construction industry, fraud is one of the most widespread; with almost all companies being at risk ...

Fraud

How to prevent fraud?

by Rory Traynor

There are many ways that companies can protect themselves from becoming the victim of fraud. The best fraud prevention processes contain a ...

Fraud

What is fraud prevention?

by Rory Traynor

As we have seen in our previous articles in this series on fraud in the UK, criminals are using a vast array of schemes and techniques to ...

Fraud

Types of external business fraud

by Rory Traynor

There are hundreds of different of fraud that external criminals use to steal from businesses. Some of the most common are phishing, ...

Fraud

Types of internal business fraud

by Red Flag Alert

Internal fraud is committed by an employee of a business itself and can be extremely difficult to prevent. Common examples include invoice ...

Fraud

An introduction to fraud in the UK

by Rory Traynor

Fraud levels in the UK have soared in recent years to become a major challenge for most businesses. Whilst the pandemic has certainly acted ...

Fraud

6 Of The Most Significant Frauds In History

by Rory Traynor

Global fraud levels are nothing short of shocking, with fraud and financial crime set to become one of the most dominant topics amongst ...

Risk

Five Ways Red Flag Alert Helps Start Ups And Scale Ups Grow

by Rory Traynor

Managing startups and scaleups isn’t for the faint of heart. From having to cover numerous roles and departments to the constant need to ...

Accountancy

Top 5 Reasons Accountants Fail ICAEW AML Compliance Assessments

by Rory Traynor

What are the top reasons for accountants failing AML compliance investigations? There are many reasons for accountants failing AML ...

Legal

Top 5 Reasons Lawyers Should Digitally Transform

by Rory Traynor

Digital transformation allows lawyers to become more efficient, provide better customer experience, and ultimately increase their billable ...

UK Business News

Financial Distress in Football: What’s the State of the Beautiful Game?

by Rory Traynor

With the Euros well and truly underway we are taking a look at the financial state of football in England. Much like the Three Lions ...

AML Compliance

What is eKYC?

by Rory Traynor

eKYC is the process of confirming an individual’s identity via digital and automated means.

Product Launch

Red Flag Alert Introduces Exciting New Late Filed Accounts Feature

by Rory Traynor

As part of our mission to provide our customers with the most accurate insights and most useful tools, we constantly strive to develop and ...

AML Compliance

A Guide To AML Regulations in 2024

by Rory Traynor

Money laundering continues to be a major issue both nationally and globally. As authorities continue to attempt to counter it, more and ...

Credit Risk

What is Overtrading?

by Rory Traynor

Overtrading is when a company takes on too much work and does not have the resources or facilities necessary to complete it.

AML Compliance

What is a Liveness Check?

by Rory Traynor

A liveness check is a method used in identity verification that confirms that there is a genuine living person is actively undergoing a ...

AML Compliance

What is Identity Verification and How Does it Work?

by Rory Traynor

Identity verification is the process of confirming that an individual is who they say they are and even if their ID document is authentic. ...

AML Compliance

What is Age Verification?

by Rory Traynor

Age verification is the process used by businesses to confirm an individual's age, usually used in relation to age-restricted goods or ...

Accountancy

Top 5 Reasons Why Accountants Should Use Customisable Monitoring

by Red Flag Alert

Accountants have the difficult task of not only looking after their own financial wellbeing but also their clients’. This means that they ...

AML Compliance

How your AML onboarding process can improve your customer experience

by Rory Traynor

" By using technology and focusing on making your process convenient and accurate your AML onboarding processes can actually provide a ...

Credit Risk

Why should I accept a Company Voluntary Agreement?

by Rory Traynor

In many cases a CVA can represent a creditors best option for recovering the maximum possible of the debt owing.

AML Compliance

Common mistakes in AML processes

by Rory Traynor

Those companies that are found to be non-compliant with UK anti-money laundering regulations face stiff fines, reputational damage, and, if ...

Accountancy

Top Benefits Of Digital Transformation For Accountants

by Rory Traynor

Accounting is undergoing a rapid change as technology offers new tools, solutions, and ways of working. This represents one of the largest ...

AML Compliance

Top 5 Challenges Facing Accountants in 2024

by Rory Traynor

Even at the best of times, accountants face a myriad of challenges but continuing economic difficulties, advancing technology, changing ...

Insolvency

Red Flag Alert - Begbies Traynor Q1 Report reveals increase in distress

by Rory Traynor

Red Flag Alert and Begbies Traynor have released our joint report on the state of financial distress in the UK economy in Q1 2024. Despite ...

Credit Risk

Elevating Accountants' Risk Practices with Red Flag Alert Monitoring

by Niamh Hunter

Accountants face a complex web of challenges and obstacles that require effective management to mitigate risk and promote growth.

partnerships

Red Flag Alert And Paragon Announce Exciting New Partnership

by Rory Traynor

Red Flag Alert is delighted to announce that we have partnered with Paragon to be their official KYC & AML check provider. This ...

Accountancy

Using Competitor Analysis for Accountants' Practice Development

by Niamh Hunter

For accountancy firms to get ahead, it is vital that they have visibility over where the greatest opportunities, threats and areas of ...

Insolvency

More Woe for the Construction Sector as another Large Company Fails

by Rory Traynor

In the wake of the Geoffrey Osborne Limited administration, another high turnover construction company has entered into insolvency. Making ...

AML Compliance

What is Combating the Financing of Terrorism (CFT)?

by Niamh Hunter

As geopolitical turbulence heightens, the battle against terrorism extends beyond traditional military strategies.

Risk

London leads the way for growth but risks abound

by Rory Traynor

Whilst growth in the wider UK continues to struggle in the wake of the COVID years and ensuing macroeconomic challenges, London has enjoyed ...

Insolvency

Large companies continue to fail as the UK sees two large failures just days apart

by Rory Traynor

We are only one month into the new financial year and have already seen our fair share of large insolvencies; and that trend shows no signs ...

Insolvency

The Gallagher Premiership 7 months on: Financial distress and Rugby

by Rory Traynor

In September 2023 we published an article about the ongoing financial woes of the Gallagher Premiership and English professional rugby ...

Press

Come and see us at Accountex London 2024

by Rory Traynor

Red Flag Alert is delighted to announce that we will be exhibiting at Accountex London 2024. This follows our highly successful attendance ...

Credit Risk

Is Your Business Credit Safe? Pre-Insolvency Indicators to Look Out For

by Niamh Hunter

Having a healthy business credit score is the key to accessing vital funds for growth and optimisation. But, if a business’ supplier, ...

Insolvency

Geoffrey Osborne Construction file intention to appoint administrators

by Rory Traynor

There was further turbulence in the construction industry last week as Geoffrey Osborne Ltd filed a notice of intention to appoint an ...

Credit Risk

Role of Technology in Credit Risk Mitigation

by Niamh Hunter

In the UK, the economic environment demands effective credit risk management, as businesses must bolster their defences to effectively ...

AML Compliance

European Union Establishes Anti-Money Laundering Authority in Frankfurt

by Niamh Hunter

In a significant move to combat financial crimes such as money laundering and terrorism financing, the European Union (EU) has announced ...

AML Compliance

Biggest Money Laundering Cases of All Time

by Niamh Hunter

It is estimated that the amount of ill-gotten gains laundered each year compromises 2-5% of the global GDP, which amounts to trillions of ...

AML Compliance

AML Update: Change To Domestic PEPs

by Rory Traynor

Earlier this year the UK government introduced one of the most significant shake ups to our nation’s AML regulations seen in recent years. ...

AML Compliance

Streamlining AML Compliance by Automating Client Onboarding

by Niamh Hunter

Onboarding new clients is not merely about expanding customer bases but also about adhering to stringent Anti-Money Laundering (AML) ...

Risk

Is a Rise in Impersonation Fraud This March a Threat to Businesses?

by Niamh Hunter

Impersonation fraud, also known as identity theft or impersonation scams, involves a perpetrator pretending to be someone else, typically a ...

AML Compliance

AML Risk Red Flags To Look Out For

by Rory Traynor

What are red flags for AML risk? Due to the varied nature of money laundering schemes and techniques employed by criminals there are many ...

AML Compliance

Global IDV and Monitoring with Red Flag Alert

by Niamh Hunter

What are global IDV checks? Global IDV checks are checks to confirm the identity of individuals who reside outside of the UK or are UK ...

AML Compliance

What’s More Important - PEPs or Sanctions?

by Niamh Hunter

For compliance officers within regulated industries, two critical elements often stand at the forefront: Politically Exposed Persons (PEPs) ...

AML Compliance

What Does AML Mean for the Financial Sector?

by Niamh Hunter

Money laundering has long been an issue for economies across the globe, and tackling it is an increasing priority for governments.

AML Compliance

The Different Components of AML

by Niamh Hunter

Anti-Money Laundering (AML) procedures stand as essential safeguards against illicit activities. At the heart of AML lie several crucial ...

AML Compliance

How Red Flag Alert has Transformed AML Technology

by Niamh Hunter

Safeguarding against financial crimes like money laundering is quick, easy, and straightforward with Red Flag Alert.

AML Compliance

Reducing Referrals for Compliance Managers

by Niamh Hunter

Compliance managers play a vital role in mitigating risks by establishing robust policies, conducting audits, and providing training to ...

AML Compliance

The Rise in Global Sanctions - Explained

by Niamh Hunter

As global tensions rise, more and more businesses are turning their attention to their overseas counterparts. The increase in geopolitical ...

AML Compliance

Identified PEPs - What’s Next in Your Audit Trail?

by Niamh Hunter

A Politically Exposed Person (PEP) designation holds significant weight in compliance circles, yet businesses can fall foul to ...

AML Compliance

What is the Financial Action Task Force (FATF)

by Rory Traynor

The Financial Action Task Force (also known by the French name Groupe d’action financière) is a global intergovernmental organisation ...

Insolvency

How Red Flag Alert Detected The Stephens And Stephens Developers Collapse Ten Months Early

by Rory Traynor

On 14th March 2024 the £12.3 million turnover Stephens and Stephens Limited Developers Ltd became the latest high turnover construction ...

Risk

Your Guide to Completing a Companies House Search

by Erin Fogarty

Companies House is the official registrar for company information in the UK and offers a wealth of data, including insights into a ...

AML Compliance

Do You Know the Difference Between KYC and AML?

by Niamh Hunter

Whatever your background and experience in business operations, you’re likely to be aware of the sheer number of acronyms and definitions ...

AML Compliance

Ultimate Beneficial Owner (UBO) vs Persons of Significant Control (PSC)

by Niamh Hunter

Distinguishing between Ultimate Beneficial Owners (UBOs) and Persons of Significant Control (PSCs) is crucial for financial security and ...

AML Compliance

Document Verification - Why is it important?

by Niamh Hunter

As the digital transformation of businesses becomes more common, the need for robust AML measures has evolved into a complex web of ...

AML Compliance

The Importance of AML Onboarding

by Niamh Hunter

AML onboarding is a vital part of modern business but is one that directors and frontline staff alike often look at as an inconvenience.

B2B Data

The Future of Work: How Big Data is Shaping Tomorrow's Industries

by Niamh Hunter

The advent of big data and predictive analytics has sparked a new era of innovation, reshaping industries across the globe.

AML Compliance

Why is AML Supporting Compliance?

by Niamh Hunter

For any regulated business, AML checks are a part of any onboarding process. They’re a necessary step and are vital to maintaining ...

AML Compliance

AML Fine Roundup - 8 of the Biggest Penalties in 2023

by Niamh Hunter

This blog post explores the nuances of AML fines, their consequences, and some of the largest fines ever issued.

B2B Data

How Red Flag Alert Analysis Tools Help You Get More Out Of Your Business

by Rory Traynor

At Red Flag Alert we are passionate about data and how we can empower our customers to do better and safer business. This has led us to be ...

Credit Risk

So You Think You Are Monitoring Correctly

by Niamh Hunter

Ensuring effective monitoring processes is a pivotal aspect of protecting your business and achieving success. It’s something many ...

AML Compliance

Understanding Group Structure & Ultimate Beneficial Ownership (UBO)

by Niamh Hunter

Going beyond the basic understanding of UBOs and group structures begins to shed light on an otherwise confusing and convoluted aspect of ...

Risk

Waiting Weeks for Winding-Up Petitions? Red Flag Alert is the solution

by Niamh Hunter

Winding-up petitions serve as signal of significant financial turmoil and are usually quickly followed by compulsory liquidation.

AML Compliance

The Importance of KYC in Financial Services

by Erin Fogarty

KYC is a process for businesses in the financial sector that verifies customer identity, assesses risks, and monitors transactions to ...

B2B Data

Data Cleansing: The Business Case for a Data Cleanse with Red Flag Alert

by Erin Fogarty

Data quality is crucial for business success, and here at Red Flag Alert, we provide tailored data-cleansing solutions to help businesses ...

AML Compliance

Four Best Practices for Adverse Media Screening with Red Flag Alert

by Erin Fogarty

Financial institutions and corporations face reputational risks when they fail to detect adverse media of Politically Exposed Persons ...

partnerships

Red Flag Alert And Movo Partnership Team Up To Bring Cutting Edge Data To Their Members

by Rory Traynor

We are delighted to announce we have partnered with Movo Partnership to bring cutting edge data, tools and insights to their members and ...

B2B Data

From Data to Pounds - The Ultimate Guide to Monetising Business Data

by Niamh Hunter

Guesswork in business decisions can only lead to wasted resources, diminished success, or even profit loss.

AML Compliance

What is Document Verification and How is it Used for AML Compliance?

by Erin Fogarty

Confirming the identity of a business partner is an importance part of compliance and protecting your business. This involves checking your ...

AML Compliance

What is a Person of Significant Control (PSC) in a Company?

by Erin Fogarty

Understanding what and who a Person of Significant Control (PSC) is within a company is important for any business.

Growth

Unlocking Growth Potential: Red Flag Alert's Revolutionary Growth Score

by Niamh Hunter

Confidence behind key strategic decisions is crucial for any organisation, whether it's global or a local micro-business.

Credit Risk

So you Think you Understand Business Credit Scores?

by Red Flag Alert

Credit scores are a useful tool to enable businesses to assess the creditworthiness of their counterparts. It’s an essential part of most ...

B2B Data

Find Your Top 50 Clients In 50 Seconds With Red Flag Alert

by Rory Traynor

Being able to acquire new clients quickly and efficiently is vital to achieve growth in your business. Unfortunately, this is typically one ...

Data

Data's Visual Power: Revamping Analysis

by Niamh Hunter

The role of data is to empower decision making, but even the most accurate data set is useless if its insights are not easily and quickly ...

Credit Risk

540 Insolvencies Recorded Leaving 2,000 Businesses Affected by Bad Debt

by Niamh Hunter

Red Flag Alert recorded 540 insolvencies in the fourth week of 2024. The ripple effect has left over 2,000 businesses affected by bad debt, ...

Risk

The Hierarchy of Insolvency - Where Are You on the Priority List?

by Niamh Hunter

Business operates on credit and it serves an invaluable economic function. However, it also means that many businesses entire revenue ...

B2B Data

Data Empowerment: How SMEs Can Leverage Big Data for Big Results

by Niamh Hunter

Data Empowerment: How SMEs Can Leverage Big Data for Big Results Big data isn't exclusive to corporate giants. It’s a common misconception ...

B2B Data

Prospecting - The Silver Bullet for Insolvency Risk Mitigation

by Niamh Hunter

Insolvency and bad debt come hand in hand - often leaving a trail of devastation in its wake. Businesses without defence strategies in ...

Credit Risk

Insolvency - Globalisation’s Silent Killer

by Niamh Hunter

The globalisation of business has opened unlimited doors for companies to begin operating on an international scale, unleashing their full ...

Risk

Financial Health Checklists - Are They Good Enough?

by Niamh Hunter

There are few industries that don’t require robust and thorough onboarding processes for new clients and customers. From the legally ...

AML Compliance

Are PEPs and Sanctions Checks Mandatory in the UK?

by Erin Fogarty

Businesses need to take necessary measures to combat illegal financial activities and comply with regulations. This involves conducting ...

Credit Risk

Company Monitoring vs Bad Debt Protection

by Niamh Hunter

Regardless of industry, goals, or size, every business must have crucial financial strategies that drive business success.

Analysis

Cost of Living Christmas - Retail Update

by Niamh Hunter

Christmas is often the time of year when we see retailers thriving. With heavy footfall, motivated shoppers, and plenty of marketing ...

Credit Risk

Red Flag Alert Provides Over a Year of Insolvency Forewarning

by Niamh Hunter

Red Flag Alert’s industry-leading data provides up to 16 months’ notice, with an average of 110 days, before an insolvency takes place.

Life at RFA

#Databoss of Red Flag Alert: Marc Williams

by Erin Fogarty

Risk

Announcing Our Groundbreaking New International Monitoring Feature

by Erin Fogarty

We are thrilled to share some exciting news with you which represents a huge step towards our goal to become the leading data intelligence ...

Risk

We Looked At <£20 million Turnover Companies In Critical Risk: Here’s What We Learnt

by Rory Traynor

There were 30,199 insolvencies in 2023 and this year is expected to see a higher number, potentially significantly higher. With companies ...

Credit Risk

What is Know Your Supplier (KYS) ?

by Niamh Hunter

As technology has advanced, businesses have enjoyed the benefits of being interconnected across global markets. However, pitfalls are ...

B2B Data

How Red Flag Alert Helps You Build Relationships With Accountants

by Rory Traynor

Accountants provide an essential service to UK businesses, with few businesses maintaining their own internal accountants. Not only do they ...

Credit Risk

Mitigate Risk with Red Flag Alert's Countdown to a Debtor’s Insolvency

by Niamh Hunter

Identifying and predicting insolvencies is a challenging task for businesses, but Red Flag Alert has the much-needed solution, with ...

Credit Risk

Debtors at Risk of Insolvency? 5 Steps to Protect Your Business

by Niamh Hunter

Company monitoring is an essential process for businesses. By keeping track of their suppliers, customers, and contractors, organisations ...

Product Launch

Announcement: Our Partnership With IDVerse To Enhance Our AML/IDV Solution

by Erin Fogarty

We're thrilled to announce a major breakthrough in our journey towards becoming the leading provider of business data and compliance risk ...

Risk

Red Flag Alert Gives Over 8 Months Warning Of Mobi Market Limited

by Rory Traynor

The value-added mobile phone reseller Mobi Market Limited filed a notice of intention to appoint an administrator on 22nd January 2024.

B2B Data

Data-Driven Sales Strategies: Turning Red Flag Alert Insights into Revenue

by Niamh Hunter

Strategy and key business decisions should be based on facts and evidence. As such, success is often synonymous with the ability to ...

B2B Data

How To Identify High-Quality Leads With Red Flag Alert's Comprehensive Data

by Niamh Hunter

For businesses to grow and succeed, money needs to come through the door at a steady pace. But, this is much easier to say than it is to ...

Risk

How we Flagged CC STIM UK TOPCO LTD (Rekom UK) Four Months Early

by Rory Traynor

On 15th January 2024, Rekom UK filed a notice of intent to appoint an administrator with the UK courts. Signaling the effective business ...

Risk

How Digitally Transforming Credit Risk Procedures Protects Businesses From Insolvency

by Niamh Hunter

High-interest rates, geopolitical conflict, and a rise in the cost of living have taken their toll on the UK’s business landscape. In fact, ...

Insolvency Predictions: How did we do?

by Niamh Hunter

Of all the UK sectors in 2023, the construction industry experienced the majority of insolvencies and bad debt. However, regardless of ...

Risk

How Red Flag Alert gave early warning of the Recycling Lives Limited Administration

by Rory Traynor

Recycling Lives Limited was a highly successful recycling company based in the North West of England. They turned over more than £100 ...

Risk

Red Flag Alert Gives Early Warning of Brenig Construction Limited Failure

by Rory Traynor

Brening Construction were a successful construction, developer and civil engineering firm based in Wales that turned over eight figures and ...

Risk

Red Flag Alert Spots TXM Plant Limited Insolvency Early

by Rory Traynor

On 10th January 2023 TXM Plant Limited crashed into administration. It joins a growing list of construction industry leaders that have not ...

Credit Risk

Avoiding Insolvency And Managing The Risk Of Bad Debt FAQs

by Rory Traynor

Red Flag Alert recently had the pleasure of hosting the insolvency expert Julie Palmer of Begbies Traynor for our monthly webinar. Julie ...

UK Business News

Red Flag Alert Gives Advanced Warning Of Printing Giant Communisis’s Collapse

by Rory Traynor

On 28th December 2023, the print and customer communication giant Communisis collapsed into administration. The Leeds based company was an ...

Life at RFA

#Databoss of Red Flag Alert: Richard West

by Erin Fogarty

Risk

Why Monitoring is an Essential Step for the Construction Industry

by Niamh Hunter

Within the last year, the construction industry has accounted for 17% of all UK insolvencies, more than any other sector. This, followed by ...

Credit Risk

Understand Your Business Credit Score

by Niamh Hunter

How Do Business Credit Scores Work? Business credit scores are a measurement of an organisation’s creditworthiness. Similarly to a personal ...

How Can Retail Solve Its Supply Chain Management Problem?

by Rory Traynor

Retail is one of the industries at the forefront of the economic downturn plaguing the UK and much of the rest of the world. It has been ...

AML Compliance

Is it a Legal Requirement to Conduct KYC Checks on UK Clients?

by Erin Fogarty

KYC (Know Your Customer) represents a set of procedures designed to verify the identities of clients to ensure transparent and secure ...

AML Compliance

Is This a Wake-Up Call for Legal? Ashfords LLP Receive £100K AML Fine

by Niamh Hunter

National and well-established legal firm, Ashfords LLP, has been fined over £100,000 by the Solicitors Regulation Authority after they ...

Analysis

Cost Of Living Christmas: Reason For Christmas Cheer

by Rory Traynor

Welcome to the final article in our Cost Of Living Christmas 2023. Over the last few weeks we have looked at what 2023 has been like for ...

Analysis

Cost Of Living Christmas: Who Will Be Having A Merry Christmas?

by Rory Traynor

Welcome to our third article in the Cost Of Living Christmas 2023 series. In this article we will be looking at which industries will be ...

Analysis

Cost Of Living Christmas: Is It Make Or Break For The Retail and Hospitality Sectors

by Rory Traynor

Welcome back to our Cost Of Living Christmas 2023, today we will look at the retail and hospitality sectors. These are the two sectors most ...

Analysis

Cost Of Living Christmas: Consumers Feeling The Pinch

by Rory Traynor

Welcome to the first article in our series on the Cost Of Living Christmas 2023. Over the next few weeks we will be looking at what is ...

Press

Spotify lays off staff as the cost of living continues to bite

by Sinead Haycox

Spotify, arguably the most popular music streaming app in the world, isn’t immune to the global economic pressures and demands of ...

Analysis

Why Inflation Has A Direct Impact On Fraud In The UK

by Erin Fogarty

As prices rise, the purchasing power of the pound diminishes, and this has a direct impact on many economic activities. There is a critical ...

Credit Risk

What are Zombie Companies?

by Rory Traynor

If you've been keeping an eye on the economic news over the last few years, you will have seen the term zombie company being mentioned more ...

Compliance

Red Flag Alert launches cutting edge new UBO feature

by Red Flag Alert

Red Flag Alert are pleased to announce to launch of our latest Ultimate Beneficial Ownership (UBO) feature to support the anti-money ...

Automation

How Red Flag Alert Automate Helps Business

by Rory Traynor

Compliance, anti fraud and risk checks are becoming an ever more important and unavoidable part of doing business. Whether it is to meet ...

Risk

How To Search the Insolvency Register

by Rory Traynor

A business is not just an intangible entity and is, ultimately, made up of the people that it employs; especially those making the ...

Automation

All About Graph QL with our Director of Development

by Erin Fogarty

Over the last few years, more businesses than ever before have adopted data-driven decision-making and digital experiences, and part of ...

Life at RFA

#Databoss of Red Flag Alert: Ashley Dunn

by Erin Fogarty

Ashley is one of our Business Development Managers. He’s been at Red Flag Alert for just over a year (13 months) and sat down with us to ...

Risk

What is the Insolvency Register?

by Red Flag Alert

The insolvency register is a public list of people who have used a debt relief solution in England and Wales. But can you use it to protect ...

AML Compliance

Is AI The Latest tool to Tackle Money Laundering?

by Erin Fogarty

The world of artificial intelligence (AI) is experiencing an unprecedented boom, with its transformative influence extending across various ...

AML Compliance

Customer FAQs from our AML webinar

by Rory Traynor

Recently our Chairman, John Lord, and CRO, Marc Williams, hosted a webinar on ‘The importance of customer due diligence and the positive ...

AML Compliance

What Is Bank Account Verification?

by Rory Traynor

Bank account verification is an important part of compliance in many industries but is also becoming increasingly common in those which are ...

Growth

How and Why Red Flag Alert Measures Growth

by Erin Fogarty

After years of macroeconomic shocks in the UK, finding growth can be a difficult task. Particularly in the current landscape, with ...

Risk

Data Security in RegTech: Safeguarding Sensitive Information

by Erin Fogarty

In the UK’s rapidly evolving financial landscape, businesses are faced with an ever-expanding web of regulations and reporting obligations. ...

Automation

How Digital Transformation Helps Businesses

by Rory Traynor

Digital transformation is currently a hot topic in the business world and is seen by many directors as not just the future of business, but ...

Credit Risk

Red Flags to look out for in a company credit report

by Red Flag Alert

Why You Need to Perform Company Credit Checks Running company credit checks can help you verify whether a client, supplier, or prospect is ...

Risk

Top 5 Benefits of Portfolio Manager

by Rory Traynor

Now, more than ever, it is vital for businesses to seize opportunities and avoid failures. But with threats to businesses at an all-time ...

Compliance

How automating decisions can revolutionise your business practices

by Red Flag Alert

Manual processes can be a significant drain on time and resources. They require high levels of time and effort from staff and are ...

Life at RFA

#Databoss of Red Flag Alert: Andrew Mason

by Erin Fogarty

What is your role at Red Flag Alert? I manage the SDR team.

Credit Risk

The Impact of Credtech on Small Businesses

by Erin Fogarty

CredTech, which combines the power of credit and technology, is reshaping the way businesses access and manage their finances. It ...

UK Business News

Richard West, Red Flag Alert’s MD, named in 42 under 42 list

by Sinead Haycox

Credit Risk

High Turnover Firms Amongst 3000 Manufacturing Businesses In Severe Distress

by Rory Traynor

Over 3,000 manufacturing businesses are showing signs of severe financial distress, including many high-turnover companies. In addition to ...

CRM & Data

How Red Flag Alert’s API Can Maximise Sales and Marketing

by Red Flag Alert

Data is key to sales; good data is detailed, accurate, and up to date. Sales teams armed with this kind of data can become more efficient ...

Risk

How To Execute Digital Transformation

by Rory Traynor

Digital transformation is top of the agenda for many company directors, with over 50% of European companies holding it as one of their ...

AML Compliance

Regtech Trends 2024: What Lies Ahead for Compliance Technology?

by Erin Fogarty

Life at RFA

Red Flag Alert wins place on Tech Climbers list

by Sinead Haycox

We are thrilled to announce that Red Flag Alert has been named among the top innovators in Manchester’s bustling tech scene and has been ...

AML Compliance

Regtech Adoption: Transforming Compliance in The UK Financial Sector

by Erin Fogarty

In the intricate world of finance, compliance stands as a cornerstone, ensuring stability, security, and trust within the UK financial ...

Growth

How Can My Company Grow With Red Flag Alert?

by Rory Traynor

Growing their company is the ultimate goal for all company directors, but it can be a difficult thing to achieve. This is especially true ...

Analysis

The Dangers Of Business Silos And How Red Flag Alert Can Help

by Rory Traynor

Silos are one of the most common problems that businesses face. They've become so familiar that many see them as an inevitable feature of ...

AML Compliance

What Is the Difference Between Smurfing And Structuring

by Rory Traynor

Money laundering is big business and is carried out on a huge scale both in the UK economy and globally. Schemes are generally complex and ...

Product Launch

Red Flag Alert launches new business credit score

by Sinead Haycox

Red Flag Alert are proud to announce the release of our proprietary numerical credit scoring system, to accompany our easy-to-understand ...

Credit Risk

Credtech and Data Security : Ensuring Trust in a Digital Era

by Erin Fogarty

When we use the term “Credtech”, typically it refers to credit technology. Generally, that includes technologies to help businesses assess ...

Credit Risk

Does A Rise in High Turnover Businesses in Distress Signal Increased Construction Insolvencies?

by Rory Traynor

UK insolvency rates continue to rise, with August 2023 seeing 2,308 companies going bust, which is a 19% rise year on year from August 2022 ...

Analysis

Understanding the strike off process for a limited company

by Red Flag Alert

When it comes to closing a limited company, there are a number of ways this can be achieved, chiefly by either liquidating the company or ...

Analysis

English Councils face Huge Funding Gap

by Rory Traynor

Recently Birmingham City Council made headlines by declaring themselves ‘effectively bankrupt’. Whilst many expressed surprise that this ...

AML Compliance

Ex-Employees Face Fraud Charges over Collapse of Patisserie Valerie

by Erin Fogarty

At the height of its success on the high street, Patisserie Valerie was a much-loved UK institution with a great heritage. The chain ...

Credit Risk

Five Ways Red Flag Alert Monitoring Will Help Your Business

by Rory Traynor

Company credit checking before entering into a relationship with them should be an essential part of your standard processes. However, even ...

Risk

Enhanced Due Diligence (EDD) in The Age of Rising Fraud

by Erin Fogarty

In 2022, over £1.2 billion was stolen through fraud in the UK. With much of this coming from online sources, due diligence has never been ...

Growth

Gazelle Companies: Why They Might Be Your Perfect Customer

by Rory Traynor

Almost everyone has heard of the mythical unicorn company; those that almost overnight emerge from obscurity to dominate the business pages ...

Growth

Which city is the 'King in the North'?

by Sinead Haycox

We used our data on business growth in the UK to assess which region is set to grow the most With talks of recession, stagflation, and low ...

AML Compliance

Changes to the UK Gambling Act 2005 that you need to know

by Erin Fogarty

In recent years multiple gambling operators have been dealt huge fines for AML non-compliance and failures in protecting customers. As a ...

AML Compliance

KYC: Why is knowing your customer important?

by Erin Fogarty

Money laundering continues to be a major problem for the UK Government and the overall economy. To tackle this, in 2022 over two-thirds of ...

Life at RFA

#Databoss of Red Flag Alert: Alex Hoole

by Red Flag Alert

Alex started just over a year ago, in July 2022. He’s one of our Data Scientists and part of our talented Data team here at Red Flag Alert.

Credit Risk

Why would a company get First Gazette Notice?

by Erin Fogarty

The First Gazette notice is the beginning of the end for a business. It causes irreversible reputational harm to directors and means ...

Risk

500 High Turnover Construction Companies Showing Signs of Financial Distress

by Rory Traynor

The construction industry is one of the most sensitive to economic turmoil and when the economy falters it inevitably feels it first and ...

AML Compliance

How do Shell Corporations work?

by Erin Fogarty

Most business owners have heard of shell companies but many will not know exactly what the term means or what the implication of a shell ...

Analysis

Financial Troubles in Gallagher Premier League ‘Clearly Unsustainable’

by Rory Traynor

The Rugby World Cup is underway and after a lengthy spell of underperforming the England team is starting to see some success on the field. ...

Risk

Crisis in Retail with 6,000 Insolvent Over the Past Five Years

by Sinead Haycox

It’s a tough time to be in retail. Ongoing financial pressures such as the cost-of-living crisis mean that shoppers are tightening their ...

UK Business News

Can an Organisation Grow During a Recession?

by Erin Fogarty

There is growth all around us, even as the country stands on the precipice of an economic downturn. Whilst some companies, particularly ...

Compliance

Phoenix Companies and Phoenixing: Are they legal?

by Rory Traynor

Phoenix companies are a surprisingly common outcome of corporate insolvencies in the UK. Yet they are poorly understood and looked upon ...

Life at RFA

#Databoss of Red Flag Alert: Alberte Touani

by Red Flag Alert

Our #Databoss series is all about our employees that make Red Flag Alert a great place to work. Throughout this series, we’ll be showcasing ...

Press

We are exhibiting at Accountex Manchester

by Red Flag Alert

What are you doing on the 19th September? Come and meet us at Accountex!

Analysis

The early warning signs that predicted the issues at Buckingham Group

by Sinead Haycox

August dealt another huge blow for the construction industry, with sector leaders Buckingham Group suffering major cashflow issues. The ...

Risk

Wilko: What Went Wrong And What Will Happen?

by Rory Traynor

On 10th August 2023, the beloved high street discount store Wilko entered into administration after years of failing fortunes and financial ...

B2B Data

Five Ways Red Flag Alert Marketing Data Can Improve Your Sales Process

by Rory Traynor

Generating sales and new business can be one of the most challenging aspects of doing business, especially in a stuttering economy. As ...

UK Business News

UK Insolvencies Hit Highest Level Since 2009

by Erin Fogarty

Since the Global Financial Crisis of 2007 and 2008, the UK economy has suffered from stagnation. Austerity and the fall of real wages ...

Life at RFA

#Databoss of Red Flag Alert: Hannah Bergin

by Red Flag Alert

Introducing our new #Databoss series, all about our employees at Red Flag Alert. Throughout this series, we want to showcase our incredible ...

Risk

Who is the UBO of a company?

by Red Flag Alert

The Ultimate Beneficial Owner (UBO) is defined as the person who owns or manages an interest in a legal entity, such as a business or ...

Compliance

What is transaction monitoring?

by Red Flag Alert

Transaction monitoring is a key part of anti-money laundering procedures to allow financial institutions to mitigate risk and remain ...

Risk

What does a Credit Risk Manager do?

by Erin Fogarty

Credit Managers are employed across multiple industries but are especially important for financial institutions. They have a variety of ...

Compliance

Importance of Ultimate Beneficial Owner Data To Real Estate Agents

by Rory Traynor

Real estate is one of the industries most exposed to money laundering and as such falls into the UK’s regulated sector. This means that ...

Risk

How to get information about a company director?

by Red Flag Alert

A company director is one of the most vital parts of any business. The board of directors are the ones to steer an organisation with ...

Compliance

Politically Exposed Persons (PEPs) & Anti-Money Laundering Compliance

by Rory Traynor

As the global fight against money laundering intensifies AML regulations are becoming increasingly more stringent. Nowhere is this more ...

Risk

What’s the difference between a health rating and a credit limit?

by Red Flag Alert

Before entering into any sort of financial or professional arrangement with another business, it is crucial to undertake a necessary amount ...

UK Business News

A Guide To The New FCA Consumer Duty Regulations

by Rory Traynor

The Financial Conduct Authority (FCA) is introducing major changes to its Consumer Duty regulations that aim to ‘make the consumer duty an ...

UK Business News

A Sign of Things to Come? Major Banks Reduce Lending to SMEs

by Rory Traynor

The UK is home to 5.5 million SMEs, which form an important part of our economy. After a difficult few years and the current slew of ...

Compliance

What is a Biometric Login?

by Red Flag Alert

In the digital age, ensuring the security of our personal information is of utmost importance. It’s well known that simplistic passwords ...

Compliance

How to prepare for the UK’s Economic Crime Levy 2023

by Erin Fogarty

The recently launched Economic Crime Levy (ECL) is a new regulation from HM Treasury, aiming to raise £100 million per year to tackle ...

Growth

Measuring Growth in Yorkshire

by Rory Traynor

It is no secret that the UK economy is going through a tough time. Growth had been largely stagnant since the World Financial Crisis and, ...

Life at RFA

#Databoss of Red Flag Alert: Natalie Kennedy

by Red Flag Alert

Introducing our new #Databoss series, all about our employees at Red Flag Alert. Throughout this series, we want to showcase our incredible ...

Risk

What's on the agenda for Credit Risk Managers in 2023?

by Erin Fogarty

2023 has been a tough year for credit risk managers, and it’s certainly kept them busy. With inflationary pressures at a 40 year high, ...

Compliance

Why Solicitors Need Anti-Money Laundering Checks

by Erin Fogarty

Anti-money laundering is a broad term for laws, processes, and regulations that protect the financial system from criminal activity and ...

How Red Flag Alert Predicted the Ongoing Issues at Wejo

by Sinead Haycox

With the news that another gem of Manchester tech is struggling financially, it has been revealed that the future of connected vehicle data ...

Press

Red Flag Alert secures £4.5million investment from Foresight and Uncapped

by Red Flag Alert

Red Flag Alert are the UK's leading provider of business data intelligence and analytics to predict growth, global compliance risk and ...

Compliance

What is Regtech?

by Rory Traynor

Regtech is becoming an increasingly common part of day-to-day operations in sectors across the UK business environment. For many companies, ...

Risk

Our Credit Limits Have Changed

by Red Flag Alert

Alongside our recent scorecard product update, we’re pleased to announce yet more positive changes for Red Flag Alert users. Read on to ...

Risk

What is CredTech ?

by Rory Traynor

Credtech is an increasingly vital tool for businesses around the globe.

Enhanced Due Diligence in Construction

by Red Flag Alert

The construction industry has been through a lot. As one of the sectors most impacted by the COVID-19 pandemic, when businesses were ...

Risk

What do lenders classify as credit risk red flags?

by Red Flag Alert

During the course of operating a business, you may find yourself at the mercy of lenders when looking to borrow funds, applying for credit ...

Analysis

Why company cash flow provides a window into financial health

by Red Flag Alert

When operating a business, the greatest challenge is often keeping your finger on the pulse and ensuring that cash flow is always ...

Analysis

How a cash injection can empower organic and artificial business growth

by Red Flag Alert

While business may be booming with a loyal customer base at the heart, the growth of your company may, in fact, be stagnant. The greatest ...

Risk

Why We Changed Our Scorecard

by Red Flag Alert

Exciting news here at Red Flag Alert - we're proud to announce the rollout of all new scorecards across our platform.