Posts by Arctic Intelligence
What we are hearing – February 2021
Following an 18 month public inquiry by the NSW Independent Liquor & Gaming Authority (ILGA) into the suitability to hold a gaming license at the $2.2 billion newly constructed site at Barangaroo, an investigation has begun on Crown Resorts following ongoing allegations that the casino facilitated large scale money laundering activities. The inquiry led by…
Read MoreCustomer insights – February 2021
In this month’s newsletter, we take a look at two new features in the latest release of AML Accelerate, recap some key features from the recent Risk Assessment Platform v1.8 release, and share the latest answers to questions from our community of users. AML Accelerate v0.53 is now available! With new features and improvements designed…
Read MoreEU update – January 2021
HMRC issues record £24million fine to MSB for anti-money laundering failures. Whilst this may not be significant when compared with fines issued by the likes of the FCA and FinCEN, this fine demonstrates the power that Her Majesty’s Revenue and Customs (HMRC) has to issue penalties to firms falling under their supervision for failing to…
Read MoreWhat we are hearing – January 2021
Happy New Year everyone… As we closed the chapter in 2020 and opened a new one for 2021, organisations are faced with trying to manage their businesses in possibly the highest risk and uncertain economic, political and financial environment of our generation – the time for resilience and strong governance, risk management and control has…
Read MoreNews in brief – January 2021
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Read MoreCustomer insights – January 2021
Goodbye, 2020! Hello, 2021! We kicked off the year with a major update to the Risk Assessment Platform; our largest to-date. And work is underway on new features and enhancements for AML Accelerate. These updates reflect our continued focus on transforming risk assessment and compliance to be fast, easy, and comprehensive. Risk Assessment Platform v1.8…
Read MoreArctic Intelligence announced Australian Founded RegTech of the Year
Aussie scale-up Arctic Intelligence has won two out of six awards presented during the RegTech Associations annual awards ceremony (#ACCELERATERegTech2020), which celebrates best-in-class RegTech companies and individual founders. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreCustomer insights – December 2020
Have you created your 2020 AML/CTF Program? If you have not yet reviewed and updated your AML/CTF Programs and ML/TF Risk Assessments for 2020, there is still time. With AML Accelerate it is very quick and easy to copy your last year’s AML Program to create your 2020 AML Program documents. Please see the easy-to-follow…
Read MoreEU update – December 2020
Vatican to revamp AML unit following the latest in a long line of scandals. The renamed Supervisory and Financial Information Authority (ASIF) functions include “supervision aimed at the prevention and countering of money laundering and the financing of terrorism,” Though the Vatican has had a history with allegations and cases of corruption, the changes made…
Read MoreWhat we are hearing – December 2020
As we near the end of 2020, a year that most would be happy to forget, this newsletter is focussed around some reflections on the year that was (not) and potential risk and compliance trends that we are predicting for the year(s) ahead… Looking back at 2020 Well January to March was pretty good, until…
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