Posts by Arctic Intelligence
Cornerstone and Foundation: How Governance and Risk Assessment Fortify Your BSA/AML and OFAC Program
Your BSA/AML and OFAC compliance program needs a guiding structure and a robust foundation in order to stand tall, be strong and prove resilient against the evils of financial crime, money laundering and terrorist financing. That’s where governance and risk assessment come in. Think of them as the cornerstone and foundation of your compliance program,…
Read MoreDecember 2023 – New features & upcoming features
Event Management We have introduced “Events,” empowering our clients to create, track, and manage breaches, operational incidents, or near-misses. The platform enables real-time drillable dashboards and reports, allowing users to filter information by status, owner, event type, priority, due date, and more. In-Application Tutorial To enhance user experience, we have implemented a guided in-application tutorial…
Read MoreRisk Assessment: The Bedrock of Financial Services Compliance
In the current competitive and fast changing landscape of the financial services industry, effective risk assessment often gets relegated to the backburner and is overshadowed by desires to build fast and break things, capture as much market and mind share as possible, and grow income quickly to minimize capital burn and prove the business model. …
Read MoreLeading the way in business-wide financial crime risk assessments
Arctic Intelligence is a global company that has developed enterprise risk assessment software enabling regulated businesses to better assess, document and manage their financial crime risks. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreRisk Assessment Techniques for Financial Crime
RegTech Round Up brings thought leaders and technology professionals within the Canadian RegTech community together to discuss current regulatory challenges and emerging technology trends and solutions. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreProliferation Financing risks: What businesses need to know
Proliferation Financing (PF) forms part of the compliance landscape, like anti-money laundering and counter-terrorism financing (AML/CTF). However, it’s only recently that regulators have started to introduce tighter measures to help businesses identify PF risks. The UK is currently leading the way. And with an increased focus worldwide on enhancing risk regulatory measures, it’s likely that…
Read MoreBooks To The Boardroom
In Conversation with Anthony Quinn, Founder at Arctic Intelligence & Co-Founder at AML Accelerate. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read More7 tips for your next Independent Review of the AML/CTF Program
An independent review of the anti-money laundering (AML) and counter-terrorism financing (CTF) program helps assess an organisation’s compliance process to ensure whether it is meeting its legal and regulatory requirements. An independent review can also be a great way of identifying any potential weaknesses to help organisations update their compliance protocols and reduce risks, before…
Read MoreRisks with ML/TF Risk assessments
The Financial Integrity Hub hosts regular podcasts, featuring speakers with expertise in financial crime. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreReviewing the UK’s AML/CTF regulatory and supervisory regime
Global financial systems are under significant threat from money laundering and terrorist financing, with the United Nations estimating that the amount of money laundered worldwide annually is between 2% to 5% of global GDP, equating between USD$800 million and USD$2 trillion. However, given the illicit nature of money laundering it is virtually impossible to estimate…
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