The Guernsey Financial Services Commission's £1.96 million enforcement action against Utmost Worldwide is one of the most significant recent AML cases involving the life insurance sector. But beyond the headline fine lies a series of practical lessons for any firm responsible for managing high-risk customers, legacy books or ongoing customer due diligence.
Join Stephen Platt, Founder and Executive Advisor, KYC360 and Tom Devlin, Managing Director, KYC360, for an in-depth examination of the regulatory findings, exploring where Utmost's AML framework failed and what compliance teams can learn from the case. The session will break down the weaknesses identified by the GFSC.
Whether you work in insurance, wealth management or another regulated financial institution, this webinar will provide practical insights into strengthening AML controls, improving ongoing monitoring and avoiding the governance failures that can lead to significant regulatory action.
Date: 23rd September 2026
Time: 3:00pm - 4:00pm (UK Time)
In this webinar, you will learn about:
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Why the GFSC concluded Utmost's AML failings were systemic rather than isolated.
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The risks of relying on trigger-event reviews instead of proactive ongoing monitoring.
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Common weaknesses in source of wealth, source of funds and customer due diligence processes.
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What the case reveals about managing legacy customer books and high-risk relationships.
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Practical lessons for strengthening governance, escalation procedures and AML controls.
Register to save your space on the webinar.
