Posts by Arctic Intelligence
How do organised criminals exploit trust and company service providers to launder the proceeds of their crimes and what can you do to prevent this happening in your business?
Trust and Company Service Providers (TCSPs) play a crucial role in facilitating legitimate business activities by setting up companies, managing trusts, and providing financial administration services. However, their ability to establish and manage corporate structures, combined with privacy protections and international financial networks, makes them a prime target for organised criminals seeking to launder illicit…
Read MoreHow do organised criminals exploit accounting professionals to launder the proceeds of their crimes and what can you do to prevent this happening in your business?
Accounting professionals play a crucial role in financial management, compliance, and advisory services for businesses and individuals. However, their access to sensitive financial information and ability to legitimise transactions make them attractive targets for organised criminals seeking to launder illicit funds. Criminal organisations exploit accounting firms, auditors, and financial consultants to disguise the origins of…
Read MoreFighting Financial Crime After Covid
In a FinTech Global analysis, Arctic Intelligence highlights how post-Covid operating models have increased financial crime exposure, particularly through remote onboarding and fragmented controls. The article underscores the need for centralised risk assessment technology. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MorePost-Pandemic AML/CTF Risks: Legislative Responses to New Vulnerabilities
Introduction The COVID-19 pandemic has had profound and far-reaching effects on global financial systems, reshaping the landscape of financial crime and exposing new vulnerabilities. As governments and institutions grappled with unprecedented economic disruption, criminals adapted swiftly to exploit gaps in regulatory frameworks. From pandemic-related fraud to the misuse of emerging technologies, the post-pandemic world has…
Read MoreClosing Legal Gaps to Fight Terrorism Financing
In this FinTech Global contribution, Arctic Intelligence discusses how regulatory gaps and inconsistent risk practices continue to undermine efforts to combat terrorism financing. The piece stresses the importance of intelligence-led, structured risk assessments. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreCan AML Consolidation Solve Global Financial Crime?
In a FinTech Global discussion, Arctic Intelligence cautions that AML consolidation alone will not resolve global financial crime challenges without consistent risk methodologies. The article highlights the need for enterprise-wide risk alignment. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreHow AML Laws Target Global Human Trafficking
In FinTech Global reporting, Arctic Intelligence explains how AML frameworks play a critical role in identifying global human trafficking networks through financial risk indicators. The article reinforces proactive, intelligence-driven compliance. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreHuman Trafficking and Money Laundering: Legislative Initiatives to Break the Cycle
Introduction Human trafficking and money laundering are interconnected crimes that thrive on exploitation and the misuse of financial systems. Human trafficking generates billions of dollars in illicit profits annually, much of which is laundered to integrate the proceeds into the legitimate economy. Addressing this nexus is critical to dismantling trafficking networks and protecting vulnerable populations.…
Read MoreTerrorism Financing in Fragile States: Addressing Legislative Weaknesses
Introduction Terrorism financing (TF) poses a significant threat to global security, particularly in fragile and conflict-affected states. These states often struggle with weak governance, porous borders, and limited resources, making them vulnerable to exploitation by terrorist networks. Addressing legislative weaknesses is critical to combating TF in these environments. This article explores the challenges faced by…
Read MoreThe Rise of AML/CTF Consolidation Authorities: Will Centralization Work?
IntroductionAs financial crimes become increasingly complex and cross-border in nature, governments are exploring ways to enhance the efficiency and effectiveness of anti-money laundering (AML) and counter-terrorism financing (CTF) efforts. One emerging trend is the consolidation of AML/CTF functions into centralised authorities, tasked with oversight, enforcement, and coordination across jurisdictions. While centralisation offers opportunities to streamline…
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