Blog

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…

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PayPal 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…

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Arctic 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…

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Arctic 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…

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Concerns 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…

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Consultant 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…

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Consultant 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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