Insights
6 Reasons Why You Need a Robust Business-Wide AML/CTF Risk Assessment
6 Reasons Why You Need a Robust Business-Wide AML/CTF Risk Assessment In the dynamic landscape of global business, organisations face escalating compliance regulations. As a result, business-wide money laundering risk assessments are more important than ever for regulated businesses, regardless of their size, industry sector or geographic location. Why your business must prioritise business-wide money…
Read MoreFCA warns many payments firms risk harm to their customers and the financial system
FCA warns many payments firms risk harm to their customers & the financial system. On the 16 March 2023, The UK’s Financial Conduct Authority (FCA) sent out its latest “Dear CEO” letter. While the conduct regulator softened up its audience first by complimenting it on the competition and innovation it had observed in the payments…
Read MoreFinancial Crime Risk and Compliance Trends in 2023
The rapid increase in the number of compliance failures related to financial crime risk management has highlighted the importance that regulated businesses place on managing these risks more effectively. Against this backdrop of increased regulatory scrutiny is a constantly evolving threat and risk landscape, with organised criminal networks using more innovative techniques to launder the…
Read MoreLawyers, accountants, real estate agents in scope of new AML/CTF laws
An announcement about Australia’s Tranche 2 anti-money laundering laws is likely at the end of this month. This will be in response to recommendations from the Senate AML/CTF enquiry and will outline the government’s position on Tranche 2 laws, a beneficial ownership register, and a consultation timetable with AML/CTF ‘gatekeeper’ professions. Australian anti-money laundering and…
Read MoreCase 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…
Read MoreCase Study – Cash Converters
Cash Converters is well known for its quality secondhand goods and cash options, helping to make things possible for the lives of everyday Australians since 1984. The company solves real-world problems through its affordable alternative retail and financial products including personal finance and pawnbroking. The Objectives Consider the DBG and its members in the same…
Read MoreCase Study – Jupiter Asset Management
Jupiter Asset Management is a specialist, high conviction, active asset manager who help their clients achieve their long-term investment objectives through a range of actively managed strategies across equities, fixed income, multi-asset, and alternatives. Jupiter Asset Management is listed on the FTSE250 Index and has £55.3bn of assets under management (as at 30-June-2022). The Objectives…
Read MoreMeet the Financial Crime Expert Series: Ronald Daliya
Who are you and what do you do? I help our clients by providing advice on Financial Crime and in particular AML/ CTF. We deliver this advice by taking a transformation-based approach to everything we do. How did you get into this career in the first place? I used to work in IT, then project…
Read MoreArctic Intelligence launches 2022 AML Industry Benchmarking Report
Today, Arctic Intelligence announced the release of its highly anticipated 2022 AML Industry Benchmarking report, which contains deep insights into hundreds of enterprise-wide money laundering and terrorism financing risk assessments alongside insights gathered from a public survey they conducted on financial crime risk assessments. Our second report, the 2022 AML Industry Benchmarking Report builds on…
Read MoreMeet the Financial Crime Expert Series: Luke Raven
Who are you and what do you do? I’m Luke Raven! Across a little over 13 years now I’ve worked at Big 4 banks and world class FinTechs, helping each tackle Financial Crime. Whether it’s Sanctions, Anti-Money Laundering, Fraud Prevention, Anti-Scams, Bribery & Corruption, Terrorist Financing – I enjoy all of it! I love helping…
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