Posts by Arctic Intelligence
Arctic Intelligence Forges Strategic Alliance with Jade ThirdEye
Arctic Intelligence, a leading provider of innovative solutions for enterprise-wide financial crime risk assessment, proudly announces its referral partnership with Jade ThirdEye. This collaboration enables customers to benefit from Arctic Intelligence’s AML Accelerate Platform and Risk Assessment Platform solutions, which complement Jade ThirdEye’s software, creating a comprehensive solution for financial crime risk management. Arctic Intelligence…
Read MoreCompliance as a Strategic Investment
Introduction Is your financial institution overlooking its greatest asset? In today’s competitive market, many companies undervalue the role of compliance. Financial services companies – whether banks, traditional MSBs, or innovative FinTechs – often become blinded by competition, enamoured with rapid growth, market size, and the allure of capturing market share and growing revenue. The financial…
Read MoreArctic Intelligence Named Finalist for Excellence in RegTech at the Finnies 2024
Arctic Intelligence, a pioneer in innovative financial crime prevention solutions, is thrilled to announce its selection as a finalist for the prestigious Finnies 2024 Awards in the category of Excellence in RegTech. This recognition reflects Arctic Intelligence’s commitment to excellence and leadership in revolutionising regulatory technology for the financial services industry. The Finnies, presented by…
Read MoreArctic Intelligence Recognised on FinTech Global’s FinCrimeTech50 List
Arctic Intelligence, a leading provider of innovative financial crime prevention solutions, has been honoured with a coveted spot on FinTech Global‘s prestigious FinCrimeTech50 list. This recognition underscores Arctic Intelligence’s commitment to excellence and innovation in the fight against financial crime. The FinCrimeTech50 list, curated by FinTech Global, showcases the top 50 companies worldwide that are…
Read MoreArctic Intelligence named as a finalist in the ICA compliance awards 2024
We’re honoured to be nominated again as a finalist for a prestigious industry award: we are a finalist in the ICA Compliance Awards. In the ever-evolving environment of regulatory compliance, we work hard to stand out for our dedication to innovation and excellence. We regularly enjoy recognition as a renowned Regtech firm specialising in financial…
Read MoreThe Risks of Form over Substance
Imagine a financial institution with a voluminous compliance manual, meticulously detailed procedures, and frequent checkbox audits. But when a money laundering scheme slips through, it exposes a critical flaw: the program prioritized form over substance. AML/CFT and Sanctions compliance programs are not just about checking boxes. While regulations are crucial, focusing solely on appearances creates…
Read MoreThe Importance of Feedback Loops in Enhancing AML/CFT and Sanctions Compliance Programs
The effectiveness of an Anti-Money Laundering / Combating the Financing of Terrorism (AML/CFT) and Sanctions compliance program is not solely dependent on the initial design but also on its adaptability and responsiveness to evolving risks and maturation of one’s understanding of relevant risks. Jay Postma, CAMS, CFCS, President of MSB Compliance Inc. notes that, “Critical…
Read MoreListening – A Critical Skill for Compliance, Corporate Governance, Risk Assessment and Risk Mitigation
Over the past 17 years MSB Compliance Inc. has performed numerous independent BSA/AML and OFAC reviews of various types and sizes of MSBs, payment processors and banks. Jay Postma, CAMS, CFCS, President notes: “We’ve seen many organizations with strong compliance culture and effective compliance programs. And we’ve seen entities whose management ignored reported compliance issues, …
Read MoreThe Asian Banker: Can Singapore’s banks keep up with money laundering tactics?
Arctic Intelligence CEO Anthony Quinn shares his insights what’s been going on in the world of AML/CTF in Singapore following a number of high-profile money laundering incidents with financial services firms last year. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreArctic Intelligence launches 14-day free trial of AML Accelerate
Recently, Arctic Intelligence launched a 14-day obligation free trial of the multi-award winning money laundering and terrorism financing risk assessment and AML/CTF program/policy development platform, AML Accelerate. For the first time, Arctic Intelligence is enabling regulated businesses to experience for themselves how to easily identify money laundering and terrorism financing risks, assess the design and…
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