Posts by Arctic Intelligence
Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations for Tranche 2 Professions: A Global Overview
Introduction Anti-money laundering (AML) and Counter-terrorism financing (CTF) regulations have undergone significant evolution over the last few decades, expanding their scope to encompass designated non-financial businesses and professions (DNFBPs) or collectively referred to as “Tranche 2” professions. These include lawyers, accountants, real estate agents and trust and company service providers (TCSPs). As gatekeepers to the…
Read MoreThe role of gatekeepers in combating money laundering and terrorism financing
Money laundering and terrorism financing represent significant threats to global financial stability and security. As criminals and terrorist organisations increasingly exploit sophisticated financial institution’s systems to obscure illicit financial flows, the role of gatekeepers has become paramount. Gatekeeper professionals, including legal professionals, accountants, real estate agents and trust and corporate service providers (TCSPs) often serve…
Read MoreAI, ESG and Financial Crime Trends for 2025
In a FinTech Global trends article, Arctic Intelligence highlights how AI, ESG and financial crime compliance are increasingly interconnected. The piece positions risk intelligence as the unifying framework for emerging regulatory priorities. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreThe Future of Financial Crime Risk Assessment: Predictions for 2025 and beyond!
Introduction The financial crime landscape is evolving rapidly, driven by advancements in technology, changes in regulatory frameworks, and the growing sophistication of criminal networks. As we move into 2025, organisations must anticipate emerging trends and adapt their risk assessment frameworks to remain resilient. This blog post explores predictions for the future of financial crime risk…
Read MoreWhy 2024 Was a Transformative Year for Arctic Intelligence
In this FinTech Global feature, Arctic Intelligence outlines why 2024 marked a defining year for both the company and the wider RegTech sector, driven by accelerating regulatory expectations and the growing inadequacy of spreadsheet-based risk assessments. The article highlights how organisations are increasingly adopting Arctic Intelligence’s technology to deliver scalable, auditable and defensible financial crime…
Read MoreEmpowering Your Board: How Detailed AML/CFT & Sanctions Reporting Mitigates Risk
Inadequate AML/CFT and Sanctions oversight exposes institutions to significant regulatory sanctions, reputational harm, and financial penalties.Risk-focused, actionable reporting is essential to helping Boards mitigate these threats and reinforce compliance To empower the Board to fulfill its oversight responsibilities, the AML/CFT and Sanctions Compliance Officer plays a critical role. By adopting a strategic approach to reporting,…
Read MoreIndependent Reviews: Avoiding Traps and Achieving Value
Independent reviews are a pillar of a strong, risk-based AML/CFT and Sanctions Compliance compliance program. They offer an impartial evaluation, pinpointing areas for improvement and ensuring a financial institution’s program effectively mitigates risks. However, if these reviews become checklist exercises focused on appearances rather than true effectiveness, they can create a dangerous illusion. This “form…
Read MoreIncreasing Focus on Risk Management at Major Financial Institutions in the US
In this article, we’re focusing on what’s happening in the United States, particularly on various regulators’ increasing emphasis on risk management capabilities at major financial institutions. According to an unofficial source close to the Office of the Comptroller of the Currency, an internal report leaked to Bloomberg alleges that 11 of the 22 large banks…
Read MoreArctic 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…
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