Insights
What we are hearing – May 2021
It’s been another big month of financial crime news… In Europe, the largest mafia trial in 30 years is under way with 350 defendants including politicians and public officials. The Italian mafia’s estimated annual turnover is around £44bn (larger than Deutsche Bank and McDonalds combined!), making them one of the richest criminal organisations in the…
Read MoreCustomer Insights – May 2021
Risk Assessment v1.9 is now live with exciting new features and quality of life improvements to the platform. Thanks to our wonderful community of users who provide feedback, this input feeds directly into our roadmap, contributing to a product rich in features and functions to make risk assessments as easy as 1-2-3. Release v1.9 Feature…
Read MoreNews in Brief – May 2021
AFRICA Ghana expected to be removed from the EU money laundering watch list following a meeting with the President of the European Council, His Excellency, Charles Michel and President Nana Addo Dankwa Akufo-Addo Federal Government is profiling a number of high profile Nigerians who are allegedly have links to terrorism financing AMERICAS FinCEN have introduced…
Read MoreArctic Intelligence provide financial crime professionals an AML Benchmark Report
Arctic Intelligence found that 1 in 4 risk & compliance professionals believe rolling out and managing the enterprise risk assessment process across their teams is challenging – risky! PRESS RELEASE: Global RegTech firm Arctic Intelligence have released their first Annual AML Industry Benchmark Report to help organisations understand the current state of financial crime risk…
Read MoreNews in Brief – April 2021
AFRICA 66-year old ‘Hotel Rwanda’ hero, Paul Rusesabagina has been detained in his home country and is facing a slew of terrorism-related charges that include murder and financing terrorism The Corporate Affairs Commission (CAC) and the Nigerian Financial Intelligence Unit (NFIU) have announced a collaboration to boost Nigeria’s fight against financial corruption and funding terrorism…
Read MoreEU Update – April 2021
ABN AMRO fined (again!) OPINION: The Dutch bank will pay a total of €480 million for violating the Anti-Money Laundering and Counter Terrorism Financing Act (AML/CTF Act). These violations include failing to spot accounts involved in money laundering, failing to end relations with suspicious clients and failing to report these transactions to authorities. This is…
Read MoreCustomer Insights – April 2021
Our next release of the Risk Assessment Platform is just around the corner. We’ve been hard at work adding enhancements and new features, and we are excited to give you a sneak peek at some of the key improvements. In this month’s newsletter, we also recap new risk models available in Risk Assessment and the…
Read MoreWhat we are hearing – April 2021
In a recent article published by the economist, titled “The war against money laundering is being lost” – The global system for financial crime is hugely expensive and largely ineffective”, is a good read but somewhat misses the point. The reality is, like with terrorism, organised criminal networks will always be looking for smart innovative…
Read MoreArctic Intelligence’s enterprise risk assessment software adopted by PwC
Arctic Intelligence recognised as a leading regulatory technology provider by one of the top 4 consultancies in the world PRESS RELEASE: Arctic Intelligence was chosen by PwC UK to enhance their Risk Assurance offering. The combination of PwC’s consultancy expertise and Arctic Intelligence’s award-winning technology aims to deliver a comprehensive enterprise view of PwC’s client’s…
Read MoreThe first US Wealth Technology Landscape Report features Arctic Intelligence, global RegTech firm
Arctic Intelligence has been featured as a leading Wealth Technology vendor for its regulatory compliance software in its first US Report issued by The Wealth Mosaic. The release also features several vendors across different categories to highlight the importance of technology within the wealth and asset sector. The definitive guide to for wealth management firms…
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