What we are hearing – February 2021

Arctic Intelligence | What we are hearing - Founders Note

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…

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Customer Insights – February 2021

Arctic Intelligence | Customer Insights - Feb 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…

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What we are hearing – January 2021

Arctic Intelligence | Financial Crime News - January 2021

Happy New Year everyone… As we closed the chapter in 2020 and opened a new one for 2021, organisations are faced with trying to manage their businesses in possibly the highest risk and uncertain economic, political and financial environment of our generation – the time for resilience and strong governance, risk management and control has…

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Customer Insights – January 2021

Arctic Intelligence | Customer Insights

Goodbye, 2020! Hello, 2021!  We kicked off the year with a major update to the Risk Assessment Platform; our largest to-date. And work is underway on new features and enhancements for AML Accelerate. These updates reflect our continued focus on transforming risk assessment and compliance to be fast, easy, and comprehensive. Risk Assessment Platform v1.8…

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Customer Insights – December 2020

Arctic Intelligence | Customer Insights

Have you created your 2020 AML/CTF Program? If you have not yet reviewed and updated your AML/CTF Programs and ML/TF Risk Assessments for 2020, there is still time. With AML Accelerate it is very quick and easy to copy your last year’s AML Program to create your 2020 AML Program documents. Please see the easy-to-follow…

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What we are hearing – December 2020

Arctic Intelligence | Financial Crime News

As we near the end of 2020, a year that most would be happy to forget, this newsletter is focussed around some reflections on the year that was (not) and potential risk and compliance trends that we are predicting for the year(s) ahead… Looking back at 2020 Well January to March was pretty good, until…

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EU Update – November 2020

EU To Establish Bloc-Wide AML Regulator By March 2021 After an agreement with finance ministers, the European Union will move forward in creating a bloc-wide financial crime compliance authority.  It is hoped that the new authority will coordinate and enforce AML rules by March 2021.  They will directly oversee country regulators and financial institutions and…

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What we are hearing – November 2020

Arctic Intelligence |

In November, we have seen interest in the financial crime risk and compliance management space continue to grow with continuous media coverage on compliance issues popping up in all corners of the world.  In Australia, we saw the AML law reforms known as Tranche 1.5 pass through the lower house, and the Greens took the initiative to…

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Customer Insights – November 2020

Arctic Intelligence | EU Update - February 2021

This month we shine a spotlight on one of the most active members of our community, Suncorp’s Financial Crimes Team, to find out how adopting technology has helped to manage their AML/CTF regime. We also explain how you can influence which new features are added to AML Accelerate. Customer Spotlight Michelle Milts is the AML/CTF…

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The Importance of RegTech in Financial Crime Risk Management

Arctic Intelligence | Financial Crime Risk Management Solutions

How RegTech & financial crime risk management technologies can benefit your business and society As the impact of financial crime continues to grow, both on businesses and society in general, more and more organisations are recognising the importance of adopting RegTech within their risk mitigation strategies. The cost of implementing regulatory technologies, or RegTech, to…

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