Using the AML/CFT Health Check during our recent AML/CTF independent review helped streamline the entire process, from document requests through to report creation and finalisation. Their solution is intuitive and easy to use and the team at Arctic Intelligence were great when it came to providing support and responding to any questions we had along the way.
OFX is a highly regulated business with more than fifty regulators globally. A consistent trend over the last five years has been the ever increasing cost of compliance as new regulations come into effect and regulator expectations increase. Arctic Intelligence has developed an innovative platform in the AML/CFT Health Check, that helps OFX maintain operational oversight of its compliance in a cost effective manner which helped reduce the cost of a 2016 independent review by more than 60%.
Using the Anti-Bribery & Corruption Risk Assessment is straight-forward to use and comes pre-loaded with hundreds of different risk factors, many of which we had not thought about previously and enhanced the thoroughness of our ABC risk assessment.