There’s been a noticeable uptick in AML/CFT supervisory activity recently, particularly within the money remittance sector, which is overseen by the DIA. If your business operates in this space, it’s important to take note—regulatory expectations are rising, and enforcement activity is becoming more targeted.

Increased monitoring and remediation requests

Over the past few months, our team has seen a clear trend: more reporting entities are being contacted by the DIA for reviews and follow-up actions. These engagements have included formal reviews, requests for information, and remedial action plans for addressing compliance deficiencies.

In response, we’ve been supporting businesses through:

• Reviewing and updating compliance programmes.
• Preparing response documents for the DIA.
• Implementing remediation plans to meet supervisory expectations.

Why this matters

The shift signals a tightening of regulatory tolerance for non-compliance. Supervisors are becoming more proactive, and sectors identified as higher risk—like remittance—are under closer watch. This means your AML/CFT framework needs to not only be compliant on paper, but also operationally effective and demonstrably embedded in your business.

What you should do now

If you operate in the remittance sector (or are otherwise considered high risk), we recommend:

• Reviewing your AML/CFT programme, risk assessment, and controls.
• Ensuring all policies and procedures are current and fit-for-purpose.
• Checking that staff training is up to date and documented.
• Responding promptly to any regulatory correspondence.

Need help?

If you’ve received a letter from the DIA or are undergoing a review, don’t hesitate to reach out. We can support you with your response, advise on next steps, and help ensure your business remains compliant under increasing scrutiny.