Posts by Arctic Intelligence
The Middle East’s approach to Terrorism Financing: A closer look at GCC compliance efforts
Introduction The Middle East faces unique challenges in combating terrorism financing (TF), given its geopolitical dynamics, proximity to conflict zones, and reliance on informal financial systems like hawala. For the Gulf Cooperation Council (GCC) nations—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE—addressing these risks is critical to safeguarding their financial systems and maintaining global…
Read MoreAfrica’s AML/CTF Challenges: Navigating regulatory gaps and informal economies
Introduction Africa’s diverse economies, rapid growth, and vast natural resources make it a region of immense potential. However, these same factors also create vulnerabilities to money laundering (ML) and terrorism financing (TF). Informal financial systems, underdeveloped regulatory frameworks, and corruption exacerbate the risks, making it challenging to combat financial crime effectively. This article explores Africa’s…
Read MorePost-Brexit AML/CTF landscape in the UK: Divergence or continuity with EU and Global Standards?
Introduction The United Kingdom’s departure from the European Union (EU) in January 2020 raised questions about the future of its anti-money laundering (AML) and counter-terrorism financing (CTF) framework. As an EU member, the UK had implemented the EU’s AML directives, including the Fifth (5AMLD) and Sixth Anti-Money Laundering Directives (6AMLD). Post-Brexit, the UK now has…
Read MoreThe Impact of the United Nations’ Counter-Terrorism Financing Framework on National Legislations
Introduction The United Nations (UN) has been a central player in shaping global efforts to combat terrorism financing (TF). Its resolutions and conventions serve as the foundation for national legislations worldwide, compelling governments to implement robust frameworks to counter terrorist activities. With its focus on fostering international collaboration, the UN provides a comprehensive legal and…
Read MoreAI Advancements and the Compliance Gap
In analysis shared with FinTech Global, Arctic Intelligence addresses the widening gap between rapid AI innovation and existing compliance frameworks. The article emphasises the need for explainable, governed AI supported by robust risk assessment methodologies. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreSay Goodbye to Spreadsheets: RegTech Transforms Compliance
In a FinTech Global article, Arctic Intelligence argues that spreadsheets can no longer support the scale or complexity of modern compliance obligations. The piece highlights how automated, auditable RegTech platforms improve governance and regulatory confidence. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreMachine-Readable Regulations and Compliance Change
In FinTech Global commentary, Arctic Intelligence explains how machine-readable regulations improve regulatory interpretation and execution. The article highlights stronger collaboration between regulators and institutions. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreDigitising Financial Crime Risk Assessments: Transitioning from Excel to RegTech Platforms
Executive Summary Financial institutions and other regulated businesses face increasing regulatory scrutiny and rising risks of financial crime, including money laundering, fraud, and sanctions violations. Traditional methods, such as excel-based risk assessments, are no longer sufficient to address the growing complexity and volume of financial data. This whitepaper explores the limitations of manual processes, the…
Read MoreThe Evolving Role of the Financial Action Task Force (FATF) in Global AML/CTF Governance
Introduction The Financial Action Task Force (FATF) has long served as the global standard-setter for anti-money laundering (AML) and counter-terrorism financing (CTF) efforts. Founded in 1989 by the G7, FATF has grown to include 39 members, including major economies, regional organisations, and observer groups. Its primary mission is to develop and promote policies that protect…
Read MoreCultural Factors in Financial Crime Compliance
In a FinTech Global insight piece, Arctic Intelligence stresses that weak compliance culture undermines even the most sophisticated control frameworks. The article highlights the importance of ownership and consistent risk assessment. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
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