General
Consultant case study: Initialism – AML Compliance solutions
Neil Jeans, Principal at Initialism and co-founder of AML Accelerate, shares how he uses AML Accelerate to grow his AML/CTF consultancy. When we designed AML Accelerate, we designed it with the consulting market in mind. Delivering clients the product and service that they need – the AML program, the risk assessment, due diligence standard –…
Read MoreConsultant case study: Clement advisory group
We invited AML/CTF consultant, Garry Clement from Clement Advisory Group, to share his thoughts on why he uses AML Accelerate on client engagements. Having working in the financial crime and anti-money laundering (AML) arena for over four decades, firstly in law enforcement and most recently as a consultant, it has become abundantly clear that establishing…
Read MoreWhat NZ accountants need to know about implementing an anti-money laundering programme
If you are a public practice accountant operating in New Zealand, you are required to comply with the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) obligations outlined in Phase 2 of the AML/CFT Act 2009, which commenced in October 2018. Under the new requirements, you must carry out an AML risk assessment and…
Read MoreWhat does an anti-money laundering (AML) analyst do?
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…
Read MoreAll you need to know about anti-bribery and corruption programs
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…
Read MoreWhat is an anti-money laundering (AML) compliance program and what are you required to do?
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…
Read MoreWhat is anti-money laundering (AML) and who does it affect?
‘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…
Read MoreArctic Intelligence recognised in RegTech100 for 2019
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…
Read MoreAre financial crimes costing your business serious money?
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…
Read MoreRegTech association ramps up with three appointments
Today it was announced that the RegTech Association has appointed a new CEO in Deborah Young and two board directors Jasper Poos from CBA and Harold Lucero from Discidium.
Read More