General

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…

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…

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…

‘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…

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…

In a world first, Australian compliance ingenuity and technology enables businesses to rapidly and affordable audit and assess their risk exposure to financial crimes and then deliver actionable recommendations to undertake measures to eradicate these risks, minimising potential losses. Every single day, major financial crimes, such as bribery, fraud, money laundering and tax evasion are committed…

One of the main aims of New Zealand’s AML/CFT regime is the identification and management of money laundering (ML) and terrorist financing (TF) risks. The first recommendation within the Financial Action Task Force (FATF) standards is a requirement to understand ML/TF risks at a national and regulated entity level. This indicates the importance that the…

Though it has been stated that regtech is the new fintech, it is different in one fundamental aspect: it is not there to compete but to facilitate GRC frameworks in organisations and to make them more efficient. According to Richard Gluyas at The Australian, Treasurer Scott Morrison said that “The automation of compliance with regtech…

Click here to view the original full webinar slides.