General
Meet the Financial Crime Expert Series: Ronald Daliya
Who are you and what do you do? I help our clients by providing advice on Financial Crime and in particular AML/ CTF. We deliver this advice by taking a transformation-based approach to everything we do. How did you get into this career in the first place? I used to work in IT, then project…
Read MoreArctic Intelligence launches 2022 AML Industry Benchmarking Report
Today, Arctic Intelligence announced the release of its highly anticipated 2022 AML Industry Benchmarking report, which contains deep insights into hundreds of enterprise-wide money laundering and terrorism financing risk assessments alongside insights gathered from a public survey they conducted on financial crime risk assessments. Our second report, the 2022 AML Industry Benchmarking Report builds on…
Read MoreMeet the Financial Crime Expert Series: Luke Raven
Who are you and what do you do? I’m Luke Raven! Across a little over 13 years now I’ve worked at Big 4 banks and world class FinTechs, helping each tackle Financial Crime. Whether it’s Sanctions, Anti-Money Laundering, Fraud Prevention, Anti-Scams, Bribery & Corruption, Terrorist Financing – I enjoy all of it! I love helping…
Read MoreNeo Advisory links up with Arctic Intelligence to help Digital Currency Exchange Providers and Crypto Asset Secondary Service Providers navigate AML/CTF risk assessments
Neo Advisory links up with Arctic Intelligence to help Digital Currency Exchange Providers and Crypto Asset Secondary Service Providers navigate AML/CTF risk assessments As crypto assets continue to intrigue and make waves across the globe, organisations like Neo Advisory exist to help these businesses navigate the accounting, administrative and business requirements within related jurisdictions. They…
Read MoreACAMS Australasia 2022 Recap
OPINION: The Association of Certified Anti-Money Laundering Specialists (ACAMS) held its 2nd annual AML & Anti-Financial Crime Conference for Australasia in Sydney 21st and 22nd June 2022. Anthony Quinn, Founder of Arctic Intelligence attended the event and connected with many peers, regulators, industry leaders and risk and compliance professionals for the first time since the pandemic.…
Read MoreRisk Assessment Platform (RAP) Enhancement
Arctic Intelligence’s Risk Assessment Platform is a proprietary solution designed to be customisable and configurable. The enterprise-wide risk assessment solution enables businesses to identify risks and demonstrate compliance more efficiently and effectively. It hosts financial crime IP across 8 different risk domains (AML, Bribery & Corruption, Fraud, Sanctions, Correspondent Banking, Modern Slavery, Human Trafficking &…
Read MoreSet them free
Ramp up your company’s response to modern slavery in 2022. For the first time, many directors are faced with the unfamiliar task of reviewing and approving their organisation’s modern slavery statement. The Global Slavery Index 2018 (GSI 2018) has estimated that on any given day in 2016, there were 15,000 people living in conditions of…
Read More4 Good Reasons Why Crypto Businesses Should Complete an AML/CFT Business Risk Assessment
Introduction If you work for a cryptocurrency business (“business”), chances are you’re in the process of becoming or have recently been authorised by a financial services regulator. If you’re fortunate enough to have already been authorised, you may have been required as part of that process to submit an AML/CFT business risk assessment (“BWRA”). Depending…
Read MoreUnderstanding the Financial Crime Risk Across Your Group of Businesses
“One of These Things is Not Like the Others…?” Introduction In May 2021, the European Banking Authority (“EBA”) announced that it was consulting on draft guidelines (“Guidelines”) about compliance management and the role and responsibilities of AML/CFT Compliance Officers (“MLROs or AML Officers”). The Guidelines form part of a wider suite of regulatory materials intended…
Read MoreTimes They are A-Changing – and So Should Your Business Risk Assessment
Introduction – The Dear CEO Letter In May 2021, the UK’s Financial Conduct Authority (“FCA”) issued a “Dear CEO” letter to the retail banking sector. For those not familiar with these, a “Dear CEO” letter (“Letter”) is a tool used by the regulator to convey it expectations in relation to firms’ compliance with certain regulations.…
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