Announcements
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…
Read MoreFMA NZ cracks down on non-compliant AML/CFT programmes
The Financial Markets Authority (FMA) has issued formal warnings to 10 reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). The FMA carried out a risk-based assessment of independent audit reports for reporting entities it supervises in February this year, targeting 69 reporting entities. The FMA supervises…
Read MoreFMA warns NZ companies they need to do more to comply with AML/CFT regulations
The Financial Markets Authority of New Zealand issued a stark warning for regulated entities in its recently published Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) 2018 Monitoring Report. Given the Act has been in place for more than five years, the FMA stated that they had expected to see more mature processes and policies…
Read MoreBusinesses 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…
Read MoreArctic 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.…
Read MoreArctic Intelligence partners with Deloitte to adopt a smarter approach to financial crime compliance
Arctic Intelligence, a regtech leader in regulatory compliance and risk management has signed a three year partnership with Deloitte to help organisations globally manage their financial crime risk and exposure. This is an extension from a previous agreement first established in 2016. Deloitte will utilise Arctic’s risk and compliance cloud technologies to rapidly assess the…
Read MoreAML Accelerate announces partnership with Asia Law Network
AML Accelerate is pleased to announce its partnership with the Asia Law Network, the only marketing platform partnered by the Law Society of Singapore with over 1,500 active lawyers using their platform. This partnership provides AML Accelerate with an extended reach into Asia and provides clients of the Asia Law Network with access to a…
Read MoreAML Accelerate announces partnership with Equifax
AML Accelerate is pleased to announce its partnership with Equifax, a global leader in information solutions with a footprint in twenty-four markets around the world. Anthony Quinn, co-founder of AML Accelerate said, “We are excited to announce our partnership with Equifax, who has a long-established market reputation for providing innovative anti-money laundering and fraud solutions…
Read MoreAML Accelerate announces partnership with the GRC Institute
AML Accelerate is pleased to announce its partnership with the GRC Institute to provide over 2,000 compliance professionals with access to AML Accelerate’s category defining AML/CFT compliance platform for conducting money laundering and terrorism financing risk assessments and creating compliant AML/CFT Programs. The partnership with AML Accelerate will allow the GRC Institute’s 2,000+ members across…
Read MoreAML Accelerate announces partnership with LexisNexis®
AML Accelerate is pleased to announce its partnership with LexisNexis to empower its customers to comply with AML/CFT compliance obligations using AML Accelerate’s category defining AML/CFT compliance platform. The AML Accelerate solution from Arctic Intelligence is now available from the LexisNexis portal here. As the AML/CFT compliance requirements go into effect on 1st…
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