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Case Study – Paytron

Paytron is a regulated financial services provider and B2B platform offering workflows for accountants and finance functions with built-in Accounts Payable/Accounts Receivable, global payments, expense management and cards, invoicing and bills, Paytron replaces up to 7 individual applications in one easily integrated platform. Paytron was an early adopter of AML Accelerate and hasn’t looked back.…

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Proliferation 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…

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Books To The Boardroom

Arctic Intelligence | Ramp Up Your Modern Slavery Response

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.

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7 tips for your next Independent Review of the AML/CTF Program

tips for aml ctf program review

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…

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Reviewing the UK’s AML/CTF regulatory and supervisory regime

UK regulatory system review

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…

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The 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…

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The 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…

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Enhancing 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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Case study – TAL

TAL is one of Australia’s leading life insurers. With over 140 years’ industry experience, TAL is trusted by more than four million people across Australia.  The Challenge  Before implementing AML Accelerate, the risk assessment and anti-money laundering process was managed manually by subject matter experts using a spreadsheet. This was done in accordance with AUSTRAC…

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