Insights

What does an anti-money laundering (AML) analyst do?

An anti-money laundering (AML) analyst or officer basically investigates, monitors and manages suspicious financial activity. They are key personnel within a business to ensure all AML requirements are strictly followed, and to prevent businesses, companies, entities, or institutions from being subject to regulatory compliance issues from governing bodies. What is AML? ‘Anti-money laundering’ refers to…

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All you need to know about anti-bribery and corruption programs

What is bribery? Bribery is most commonly defined as “anything of value given, offered, promised, accepted, requested or authorised with the intent that a person who is trusted or expected to act in good faith or with impartiality, performs that function improperly or in order to obtain or retain an advantage in the course of…

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What is an anti-money laundering (AML) compliance program and what are you required to do?

To combat money laundering, terrorist financing and other financial crimes, it is critical for your business, company, organisation or entity to develop an anti-money laundering compliance (AML) program. An AML program specifies how the reporting entity identifies, mitigates and manages the risk of its business being misused to facilitate money laundering or terrorism financing. It…

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What is anti-money laundering (AML) and who does it affect?

‘Anti-money laundering’ refers to all policies and regulations that are in place to prevent the abuse of legitimate financial systems to hide or disguise the proceeds of crime. It prevents criminals from recovering illegal gains of their crimes, as well as using the money for future criminal activity.   Why is it important? It is…

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Arctic Intelligence recognised in RegTech100 for 2019

Arctic Intelligence has been selected by RegTech Analyst for the RegTech100, the annual list of 100 of the world’s most innovative RegTech companies.  These are the companies every financial institution needs to know about as they consider and develop their mission critical RegTech and digital transformation strategies. Since it was founded in 2013, Arctic Intelligence…

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To beat financial crime, organisations can no longer afford to not share data

Financial criminals are winning, so organisations need to be more vigilant and work together to combat it, according to Anthony Quinn, founder and CEO at Artic Intelligence. One of the biggest challenges facing financial institutions is combatting financial crime, particularly money laundering. There has been a lot of focus put on anti-money laundering (AML) and…

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Arctic Intelligence partners with Deloitte to adopt a smarter approach to financial crime compliance

Arctic Intelligence, a regtech leader in regulatory compliance and risk management has signed a three year partnership with Deloitte to help organisations globally manage their financial crime risk and exposure. This is an extension from a previous agreement first established in 2016. Deloitte will utilise Arctic’s risk and compliance cloud technologies to rapidly assess the…

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Case study – NexPay

NexPay is one of the fastest-growing global education payments specialists with its head office in Australia. NexPay is trusted by top education agents and schools all over the world to simplify and speed up the international payment process for their students and remove reconciliation bottlenecks that frequently cause delays. The Challenge NexPay is a fast-growing…

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Case study – Xinja

The Challenge The Australian Government and Australian Prudential Regulation Authority (APRA) have been enacting new rules to reduce the barriers for new entrants into the banking market by addressing significant obstacles that currently exist, making it easier for “challenger banks” to provide greater consumer choice and therefore more competition for the incumbents. With this significant…

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