Posts by Arctic Intelligence
Leading 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…
Read MoreThe three most common challenges compliance professionals face conducting their enterprise-wide financial crime risk assessments
Are you interested in digitising or automating your financial crime risk assessment? We speak to a lot of risk and compliance professionals who are responsible for conducting their enterprise-wide financial crime risk assessments. The three most common challenges we hear are: We have unpacked each of these three common challenges and explain how our solutions…
Read MoreThe importance of conducting risk assessments to identify and evaluate potential money laundering and terrorism financing risks.
In an increasingly interconnected world, the fight against money laundering (ML) and terrorism financing (TF) has become a top priority for governments, regulatory bodies, and financial institutions. Conducting effective money laundering and terrorism risk assessments is a crucial step in identifying and evaluating potential risks associated with these illicit activities. By understanding the vulnerabilities and…
Read MoreEnhancing Risk Assessment Activities: A Strategic Approach for Competent Authorities
Effective risk management is not only good practice; it helps organisations to identify and mitigate risks that could negatively impact their business. But it also relies on supervision and oversight to be effective. The European Banking Authority (EBA) is an independent authority ensuring effective and consistent regulation and supervision across the European banking sector. One…
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