Posts by Arctic Intelligence
Parliament of Australia – submissions on AML/CTF regimes
Arctic Intelligence contributes to the submissions for the Parliament of Australia regarding AML and CTF regimes. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreParliamentary inquiry – AML/CTF
Arctic Intelligence contributed to the report prepared by the Senate Standing Committee on Legal and Constitutional Affairs in preparation for their published a discussion paper to guide submissions to the AML/CTF Parliamentary Inquiry. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreEU update – July 2021
Business Wide Risk Assessments are a hot subject We recently wrote about the Dear CEO letter sent by the FCA to Retail banks naming the Business Wide Risk Assessment (BWRA) as an area of concern and one that they need to see significant improvements in. Financial Services aren’t the only firms failing under scrutiny for…
Read MoreNews in brief – July 2021
Americas APAC Europe MENA UK Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreCustomer insights – July 2021
July was full of updates, with the Risk Assessment Platform updated to v1.10, recent regulatory updates from DIA incorporated into the AML Accelerate AML Policy template and CDD Standards template, and the addition of Proliferation Financing risks to AML Accelerate and Risk Assessment. This month we also hosted the AML Accelerate APAC User Forum 2021.…
Read MoreNews in brief – June 2021
AMERICAS ANZ ASIA EUROPE/UK MENA Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreEU update – June 2021
The FCA recently sent a strong worded Dear CEO letter in relation to Financial Crime The letter covers several areas where the FCA are continuing to see firms failing to comply with ML regulations for a number of reasons. There is a common theme throughout, naming a failure to identify risks across differing business units…
Read MoreCustomer insights – June 2021
This month we updated the AML Accelerate Australian AML Program/Policy template to incorporate recent reforms to the AML/CTF Act, meanwhile, the Risk Assessment platform introduces a new Fraud risk model. We are also seeing exciting use of the Risk Assessment platform to create risk models for everything from Climate Change to Information Security (ISO). AUSTRAC has…
Read MoreDear CEO… FCA address repeat compliance failings
The FCA recently sent a strong worded Dear CEO letter in relation to Financial Crime. The letter covers several areas where the FCA are continuing to see firms failing to comply with ML regulations for a number of reasons. There is a common theme throughout, naming a failure to identify risks across differing business units…
Read MoreWhat we are hearing – May 2021
It’s been another big month of financial crime news… In Europe, the largest mafia trial in 30 years is under way with 350 defendants including politicians and public officials. The Italian mafia’s estimated annual turnover is around £44bn (larger than Deutsche Bank and McDonalds combined!), making them one of the richest criminal organisations in the…
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