Insights

Arctic Intelligence wins RegTech Start-Up of the Year

Arctic Intelligence has won the RegTech Start-Up of the Year award at the fourth annual FinTech Awards 2019. The award was given to Arctic Intelligence in recognition of its industry-leading risk assessment and compliance solutions, designed to assist regulated businesses in meeting their anti-money laundering compliance obligations. Arctic Intelligence COO, Darren Cade said, “We’re delighted…

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Newsletter – 01 August 2019

What we’re hearing… Over the last month or so, we have seen a number of high-profile activities from our local regulator AUSTRAC indicating that they are starting to get serious on non-compliance with the AML/CTF Act. Since the Annual Compliance Reporting deadline passed at the end of March, a data mining exercise is underway by…

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Concerns over use of spreadsheets to manage AML compliance

In a recent industry presentation to risk and compliance managers in Australia by regulatory software provider Arctic Intelligence, an audience poll revealed 54% of respondents listed reliance on spreadsheets for risk assessment which may no longer be fit-for-purpose for conducting anti-money laundering (AML) risk assessments as one of their top three concerns.  The poll also…

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Newsletter – 01 July 2019

What we’re hearing… Anyone who knows me well will know that I’m a passionate advocate for the benefits of using RegTech to help regulated businesses manage financial crime risk and compliance exposures and protect them from being exploited by organised criminal networks. I’m often asked by prospective clients to help them justify why they should adopt…

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Consultant Case Study: Aub Chapman Consulting Services

We invited AML/CTF consultant, Aub Chapman from Aub Chapman Consulting Services, to share his thoughts on why he uses AML Accelerate on client engagements. When I’m doing independent audits, I find that clients have deficiencies or misunderstandings in two fundamental areas. The first is, do they really understand the risks that their industry or their…

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Consultant Case Study: Initialism – AML Compliance Solutions

Neil Jeans, Principal at Initialism and co-founder of AML Accelerate, shares how he uses AML Accelerate to grow his AML/CTF consultancy. When we designed AML Accelerate, we designed it with the consulting market in mind. Delivering clients the product and service that they need – the AML program, the risk assessment, due diligence standard –…

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Consultant Case Study: Clement Advisory Group

We invited AML/CTF consultant, Garry Clement from Clement Advisory Group, to share his thoughts on why he uses AML Accelerate on client engagements. Having working in the financial crime and anti-money laundering (AML) arena for over four decades, firstly in law enforcement and most recently as a consultant, it has become abundantly clear that establishing…

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