News
Arctic Intelligence wins RegTech Start-Up of the Year
Arctic Intelligence has won the RegTech Start-Up of the Year award at the fourth annual FinTech Awards 2019. The award was given to Arctic Intelligence in recognition of its industry-leading risk assessment and compliance solutions, designed to assist regulated businesses in meeting their anti-money laundering compliance obligations. Arctic Intelligence COO, Darren Cade said, “We’re delighted…
Read MoreConcerns over use of spreadsheets to manage AML compliance
In a recent industry presentation to risk and compliance managers in Australia by regulatory software provider Arctic Intelligence, an audience poll revealed 54% of respondents listed reliance on spreadsheets for risk assessment which may no longer be fit-for-purpose for conducting anti-money laundering (AML) risk assessments as one of their top three concerns. The poll also…
Read MoreFMA NZ cracks down on non-compliant AML/CFT programmes
The Financial Markets Authority (FMA) has issued formal warnings to 10 reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). The FMA carried out a risk-based assessment of independent audit reports for reporting entities it supervises in February this year, targeting 69 reporting entities. The FMA supervises…
Read MoreFMA warns NZ companies they need to do more to comply with AML/CFT regulations
The Financial Markets Authority of New Zealand issued a stark warning for regulated entities in its recently published Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) 2018 Monitoring Report. Given the Act has been in place for more than five years, the FMA stated that they had expected to see more mature processes and policies…
Read MoreBusinesses need to assess money laundering risk more frequently
In a recent industry presentation to credit unions and mutual banks in Australia, by Arctic Intelligence, a provider of financial crime prevention audit, risk and compliance software, an audience poll found that many businesses vulnerable to money laundering and other financial crime may not be conducting a comprehensive risk assessment often enough. While half of…
Read MoreArctic Intelligence warns many Australian businesses may be vulnerable to financial crime
Arctic Intelligence, a market-leader in financial crime prevention audit, risk and compliance software, warned today that many Australian businesses may be unaware that their internal risk assessment processes do not go far enough; leaving them vulnerable to money laundering, terrorist financing, sanctions and regulatory non-compliance. With organised crime is estimated to cost the Australian economy…
Read MoreImelda Newton joins Arctic Intelligence as Business Development Manager
Arctic Intelligence is pleased to announce that Imelda Newton has joined Arctic Intelligence as Business Development Manager in Sydney. With more than 20 years’ experience in the financial services technology sector, Imelda will develop Arctic Intelligence’s global expansion, working closely with strategic partners and helping to drive customer success. Before moving to Arctic Intelligence, Imelda…
Read MoreArctic Intelligence partners with Deloitte to adopt a smarter approach to financial crime compliance
Arctic Intelligence, a regtech leader in regulatory compliance and risk management has signed a three year partnership with Deloitte to help organisations globally manage their financial crime risk and exposure. This is an extension from a previous agreement first established in 2016. Deloitte will utilise Arctic’s risk and compliance cloud technologies to rapidly assess the…
Read MoreArctic Intelligence is rapidly scaling, market leading Audit Risk Compliance platforms
Vedant Sangit, Co-Founder of Regtechtimes discussed the role of Regtech in AML space in Australia with Anthony Quinn, Co-founder of the Regtech leader Arctic Intelligence. What exactly Regtech means to you ? “RegTech has a broad meaning and coverage across the audit, risk and compliance value chain but the outcome is consistent – to help…
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