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ACAMS Australasia 2022 Recap

Arctic Intelligence | ACAMS Australasia 2022

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.…

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Risk Assessment Platform (RAP) Enhancement

Arctic Intelligence | Risk Assessment Platform (RAP) Enhancements June 2022

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 financial crime risk domains (AML, Bribery & Corruption, Fraud, Sanctions, Correspondent Banking, Modern Slavery, Human…

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4 Good Reasons Why Crypto Businesses Should Complete an AML/CFT Business Risk Assessment

Arctic Intelligence | AML/CTF regulation and Tranche 2 update

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…

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Understanding the Financial Crime Risk Across Your Group of Businesses

Arctic Intelligence | Understanding 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…

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Customer Insights – July 2021

Arctic Intelligence | Customer Insights July 2021

July was full of updates, with the Risk Assessment Platform updated to v1.10, recent regulatory updates from DIA incorporated into the AML Accelerate AML Policy template and CDD Standards template, and the addition of Proliferation Financing risks to AML Accelerate and Risk Assessment. This month we also hosted the AML Accelerate APAC User Forum 2021.…

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Customer Insights – June 2021

Arctic Intelligence | Customer Insights June 2021

This month we updated the AML Accelerate Australian AML Program/Policy template to incorporate recent reforms to the AML/CTF Act, meanwhile, the Risk Assessment platform introduces a new Fraud risk model. We are also seeing exciting use of the Risk Assessment platform to create risk models for everything from Climate Change to Information Security (ISO). AUSTRAC has…

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Customer Insights – May 2021

Arctic Intelligence | Customer Insights - May 2021

Risk Assessment v1.9 is now live with exciting new features and quality of life improvements to the platform. Thanks to our wonderful community of users who provide feedback, this input feeds directly into our roadmap, contributing to a product rich in features and functions to make risk assessments as easy as 1-2-3. Release v1.9 Feature…

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Customer Insights – April 2021

Arctic Intelligence | Arctic Intelligence named Top 10 Innovators in Risk Management

Our next release of the Risk Assessment Platform is just around the corner. We’ve been hard at work adding enhancements and new features, and we are excited to give you a sneak peek at some of the key improvements.  In this month’s newsletter, we also recap new risk models available in Risk Assessment and the…

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What we are hearing – April 2021

Arctic Intelligence | AML/CTF reform

In a recent article published by the economist, titled  “The war against money laundering is being lost” – The global system for financial crime is hugely expensive and largely ineffective”, is a good read but somewhat misses the point. The reality is, like with terrorism, organised criminal networks will always be looking for smart innovative…

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