Blog
The first US Wealth Technology Landscape Report features Arctic Intelligence, global RegTech firm
Arctic Intelligence has been featured as a leading Wealth Technology vendor for its regulatory compliance software in its first US Report issued by The Wealth Mosaic. The release also features several vendors across different categories to highlight the importance of technology within the wealth and asset sector. The definitive guide to for wealth management firms…
Read MoreCustomer Insights – March 2021
In the Risk Assessment Platform, all out-of-the box risk models are refreshed and updated with recommendations from industry experts and the latest from regulators from around the world. In addition to refreshing existing risk models, new risk models have been added and are available for Money Laundering and Terrorist Financing, and Bribery and Corruption, enabling…
Read MoreNews in Brief – March 2021
AFRICA The Association of Bureau De Change Operators of Nigeria (ABCON) says 26 members have been arrested by security operatives, over alleged unlawful foreign exchange (FX) transactions by the Department of State Security Services (DSS) AMERICAS One of California’s most profitable card rooms in the Bay Area was fined $5.3m by California state for violating anti-money…
Read MoreEU Update – March 2021
UK regulator has launched criminal proceedings against NatWest in a £365millon money laundering scandal. It is alleged that £365million was paid into a NatWest customer account over a period of 5 years, and that “controls failed to adequately monitor and scrutinise this activity”. The real headline though is that £264 million of those funds were…
Read MoreWhat we are hearing – March 2021
The deadline for filing AUSTRAC’s annual compliance report for the 2020 calendar year will expire 31st March for the estimated 14,000 reporting entities that are subject to anti-money laundering and counter-terrorism financing (AML/CTF) obligations in Australia. The annual compliance report is a mandatory requirement and AUSTRAC may impose penalties on regulated entities that fail to…
Read MoreArctic Intelligence, global RegTech firm wins again.
Arctic Intelligence has been recognised by the A-Team Group as the most innovative data privacy project by design PRESS RELEASE – Arctic Intelligence, continues to be recognised globally by industry associations and trade publications as a force to be reckoned with. From RegTech of the Year to Exporter of the Year Awards and now its…
Read MoreNews in brief – February 2021
AMERICAS Trump’s impeachment sparks claims that anonymous hedge funds, anonymous trusts, and anonymous real estate purchases are examples of anonymous money finding its way to he American political sector. Australian born US national, 37 year old math whiz and BitMEX’s first employee Greg Dwyer is now at the centre of one of the biggest scandals…
Read MoreEU Update – February 2021
As Fraud in the UK is seen as a “Threat to National Security”, Judges limit Serious Fraud Office’s powers to investigate foreign companies. 2019/20 saw 3.7 million reported incidents related to fraud, with even more going unreported due to victim’s lack of trust in the system and policing around it. This is not helped by…
Read MoreWhat we are hearing – February 2021
Following an 18 month public inquiry by the NSW Independent Liquor & Gaming Authority (ILGA) into the suitability to hold a gaming license at the $2.2 billion newly constructed site at Barangaroo, an investigation has begun on Crown Resorts following ongoing allegations that the casino facilitated large scale money laundering activities. The inquiry led by…
Read MoreCustomer Insights – February 2021
In this month’s newsletter, we take a look at two new features in the latest release of AML Accelerate, recap some key features from the recent Risk Assessment Platform v1.8 release, and share the latest answers to questions from our community of users. AML Accelerate v0.53 is now available! With new features and improvements designed…
Read More