Hamlyn Williams

Some of our most well-known banks, household names, have been slapped with fines amounting to billions for failures in AML compliance. In 2012, HSBC, one of the largest banking and financial services organisations globally, agreed to pay $1.9 billion in fines to settle allegations of money laundering and violations of AML laws. The bank was accused of allowing Mexican drug cartels to launder money through its accounts and failing to implement adequate AML controls. Similarly, in 2017, Deutsche Bank, a German multinational investment bank, was fined $630 million by U.S. and UK regulators for failing to maintain an effective AML program and allowing $10 billion in suspicious transactions to flow through its Moscow branch. The bank was accused of facilitating money laundering for Russian clients. While both banks had substantial financial recompense to pay, they also suffered an erosion of trust, tarnishing their reputations. Such events can even cause the destabilisation of their entire market. #AMLCompliance #AML #FinancialRegulation #ComplianceRisk #FinancialCrime #RegulatoryFines #Compliance

Digital twins play a key role in validating designs, optimising layouts, and estimating inventory sizes during the initial investment and build of greenfield factories. These digital replicas not only validate layout designs but also evaluate spatial parameters for assets, such as clearances and ergonomics, ensuring optimal operational efficiency from the outset. As we see an increase in digital twins within the manufacturing sector, there is a surge in hiring in the following roles: #digitaltwins #automation #manufacturing #simulation #optimisation #staffing #hiring #recruitment

In 2023, crypto and fintech companies worldwide incurred $5.8 billion in regulatory fines. This meant that for the first time they were fined more for negligent controls than the entire traditional financial system, last year. These fines covered a number of infractions spanning from deficiencies in customer verification processes and anti-money laundering measures to lapses in enforcing sanctions and addressing other financial crime concerns. The immense financial and reputational risks businesses face in the absence of effective compliance strategies can be so significant that they can spell the end of an organisation from one simple indiscretion. With regulatory bodies tightening their grip and public scrutiny intensifying, the need for robust compliance teams and measures has never been more crucial. #CryptoRegulation #FintechCompliance #ComplianceStrategies #FinancialCompliance #Compliance #AML #Staffing #Recruitment

While there are many individual skills and attributes you should look for in your compliance team, there are several overarching factors that you must ensure are at the heart of your team. Do you know what they are? Here are the four key factors we think every compliance team should focus on: #compliance #complianceteam #staffing #recruitment

Welcome to the latest edition of the Hamlyn Williams newsletter, Hamlyn Highlights. This week we've been taking a closer look at AI in the life sciences sector. We've been exploring how AI enhances research capabilities, revolutionises development processes, and reshapes talent requirements within the industry. Are you aware of the emerging trends that are set to define the future of life sciences? Check them out here:

The compliance team plays a critical role in safeguarding an organisation's integrity, reputation, and regulatory compliance. By proactively addressing compliance risks and promoting a culture of ethical conduct, they contribute to their company’s long-term success and sustainability. Here are some key responsibilities typically undertaken by compliance teams: #compliance #aml #complianceteam #staffing #recruitment

Edge computing represents a pivotal advancement in industrial automation, offering real-time data processing and analytics capabilities that are revolutionising decision-making and process optimisation in manufacturing settings. The evolution of manufacturing since the industrial revolution has led companies to aim at building 'smart factories' that can work mostly on their own and be as efficient as possible. With the Internet of Things (IoT) at the forefront, connectivity has become the foundation for unlocking valuable data from industrial machines, paving the way for transformative growth and improvements in productivity and performance. Here are the top roles being hired to support this growing trend: #automation #manufacturing #edgecomputing #realtimeinsights #hiring #staffing #recruitment

In 2024, manufacturing is undergoing a profound transformation driven by automation. Despite challenges in 2023, the industry is rebounding with a focus on efficiency, innovation, and sustainability. From AI-driven automation to collaborative robotics, edge computing, and sustainable practices, these industry trends are reshaping manufacturing operations worldwide. From AI engineers to sustainability analysts, hiring in manufacturing in 2024 reflects the growing demand for talent at the intersection of technology and sustainability. Companies prioritising innovation, sustainability, and talent development will lead the charge in the global marketplace. #Manufacturing2024 #AutomationTransformation #SustainableManufacturing #TechSustainability #Staffing #Recruitment

In many industries, manufacturing included, sustainability is becoming a guiding principle shaping the way toward a greener, more efficient future. According to a recent report, the manufacturing industry in the UK was responsible for producing almost 80 million metric tons of greenhouse gas emissions in 2021, accounting for around 17% of the UK's total GHG emissions. This figure, while 40% less than in 1990, underscores the pressing need for sustainable practices. Globally, the manufacturing industry is responsible for 20% of all carbon emissions. As the global community increasingly works towards minimising our environmental impact and foster resource efficiency, manufacturers are using automation technologies to spearhead a transformative shift towards sustainable practices. In 2024, manufacturers are embracing green manufacturing practices with fervour, recognising the pivotal role they play in curbing environmental footprints and advancing sustainability agendas. From minimising waste generation to optimising energy consumption, green manufacturing prioritises eco-conscious processes across the production spectrum. Companies are integrating renewable energy sources, such as solar and wind power, into their operations to reduce reliance on fossil fuels and mitigate carbon emissions. #SustainableManufacturing #RenewableEnergy #EnvironmentalImpact #ManufacturingTechnology

The adoption of collaborative robots, often referred to as "cobots," within the manufacturing sector has seen substantial growth. As the demand for cobots continues to rise, the manufacturing industry is expected to see an increase in the hiring of professionals specialising in roles such as Cobotic System Integrators and Robotics Technicians is epected. Take a look at some of the jobs being hired as this trend continues to dominate the market: #cobots #collaborativerobots #automation #manufacturing #staffing #recruitment #hiringtrends