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Arctic Intelligence presents at the RegTech Association’s RegTech Edge Showcase
Regulated entities often face a challenge when sourcing technology best suited to their business. The RegTech Association designed the RegTech Edge program to help address this challenge. RegTech Edge provided an ideal environment for businesses to see a showcase of RegTech solutions including risk management, data analytics, operational efficiency and financial crime. The first of…
Read MorePayPal Australia ordered by AUSTRAC to have AML audit
AUSTRAC has ordered an external auditor be appointed by PayPal Australia to examine ongoing concerns regarding PayPal Australia’s compliance with the AML/CTF Act. In the next 120 days, the appointed external auditor must report on PayPal Australia’s compliance with Anti-Money Laundering/Counter-Terorrism Financing (AML/CTF) Program obligations International Funds Transfer Instruction (IFTI) reporting obligations Record keeping obligations…
Read MoreArctic Intelligence expands global reach with first North American client
Arctic Intelligence has expanded its global presence with the addition of its first North American client, Bendix Foreign Exchange and Payment Solutions. With operations in Canada and USA, Bendix Foreign Exchange is a leading provider of integrated foreign exchange and global payments solutions that conducts business globally. Mathew Varghese, Chief Compliance Officer, commented“Risk Management is…
Read MoreGRC Institute Podcast with Anthony Quinn: Explainability & Defendability
Arctic Intelligence CEO and founder, Anthony Quinn, speaks with Kwame Slusher, Editor at GRC Institute about ‘explainability’ and ‘defendability’ in the context of AML/CTF risk and compliance frameworks. https://www.professional.org.au/single-post/2019/07/31/Explainability-Defendability
Read MoreArctic 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…
Read MoreIs Australia’s methamphetamine problem falling down the cracks (slight pun intended!)?
If you thought it was just Antarctica that has a major ice problem you’d be wrong, Australia is facing an ice problem of epidemic proportions. After reading recent articles over the last two months on a couple of substantial drug busts thwarted by the Australian Federal Police, it got me thinking about the sheer volume…
Read MoreConcerns 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…
Read MoreConsultant 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…
Read MoreIs Excel really fit for purpose to run risk and compliance assessments?
Author: Anthony Quinn, CEO and Founder, Arctic Intelligence I am often asked by prospective banking and consulting clients to help them justify why they should adopt RegTech and not continue using spreadsheets for managing risk and compliance engagements. So it got me thinking and here are my top 15 reasons why RegTech beats Excel hands…
Read MoreConsultant 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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