Blog

Businesses need to assess money laundering risk more frequently

In a recent industry presentation to credit unions and mutual banks in Australia, by Arctic Intelligence, a provider of financial crime prevention audit, risk and compliance software, an audience poll found that many businesses vulnerable to money laundering and other financial crime may not be conducting a comprehensive risk assessment often enough. While half of…

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Arctic Intelligence warns many Australian businesses may be vulnerable to financial crime

Arctic Intelligence, a market-leader in financial crime prevention audit, risk and compliance software, warned today that many Australian businesses may be unaware that their internal risk assessment processes do not go far enough; leaving them vulnerable to money laundering, terrorist financing, sanctions and regulatory non-compliance. With organised crime is estimated to cost the Australian economy…

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Imelda Newton joins Arctic Intelligence as Business Development Manager

Arctic Intelligence is pleased to announce that Imelda Newton has joined Arctic Intelligence as Business Development Manager in Sydney. With more than 20 years’ experience in the financial services technology sector, Imelda will develop Arctic Intelligence’s global expansion, working closely with strategic partners and helping to drive customer success. Before moving to Arctic Intelligence, Imelda…

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Arctic Intelligence made #9 in Planet Compliance RegTech Top 100

Arctic Intelligence has been selected by Planet Compliance for the RegTech Top 100, the list of 100 of the world’s most influential RegTech companies. The RegTech Top 100 list, produced by Planet Compliance, analyses vendors activity across the web and social channels using a special algorithm and recognises the most influential companies in the sector.…

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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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