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East African risk consultancy Hazton assigns award-wining Arctic Intelligence as their RegTech partner of choice

Arctic Intelligence | Arctic Intelligence x Hazton Risk Consultancy Announcement

Hazton Risk Consultancy is a financial crime consultancy firm based in Uganda. Their services span across policy and risk framework reviews, evaluating lines of defence, conducting risk assessments, and board/exec management governance assessment and training. Hazton wanted to improve their offering to customers by digitising critical aspects of the risk management process. The arduous risk…

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Transforming risk assessment techniques

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

Historically risk assessments have been subjective, inefficient, slow, and infrequent. Moreover, they are the cornerstone to any robust risk and compliance framework. Most GRC platforms do not provide the “know-how” or the content or the data-driven approach, resulting in organizations defaulting back to spreadsheets – until now. Bridging this gap is Arctic Intelligence, a company…

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Money laundering reform recommendations for ‘gatekeeper professions’

Arctic Intelligence | Money laundering reform recommendations

On 30 March 2022, the Federal Senate Legal and Constitutional Affairs References Committee (Committee) released its report regarding the adequacy and efficacy of Australia’s anti-money laundering and counter terrorism financing (AML/CTF) regime. The Committee’s report focused on the implementation of an AML/CTF regime applicable to designated non-financial businesses and professions (DNFBPs) (often described as ‘Tranche…

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It’s all just a little bit of history repeating itself: How Business Risk Assessments Could Help to Reduce the De-Risking of the Crypto Currency Sector

Arctic Intelligence | De-risking and FinTechs

Introduction In 2021, a Select Committee was set up in Australia to receive evidence on the country’s role as a technology and financial centre. Several different topics were canvassed, for which a variety of stakeholders made written submissions. One of these topics was the evolution of the cryptocurrency sector and the service providers who support…

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Weighing up the risk

Arctic Intelligence | Neo Advisory choose Arctic Intelligence to help clients with AML/CTF risk assessments

Organisations are switching to automated assessments of financial crime risks as regulators flag more rigorous scrutiny, says Darren Cade GAICD, CEO of Arctic Intelligence. Risk assessments have in the past been conducted via spreadsheets and based on subjective assessments of what staff perceive to be the likelihood and impact of a potential risk. “Regulators like…

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EU Update – July 2021

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

Business Wide Risk Assessments are a hot subject We recently wrote about the Dear CEO letter sent by the FCA to Retail banks naming the Business Wide Risk Assessment (BWRA) as an area of concern and one that they need to see significant improvements in. Financial Services aren’t the only firms failing under scrutiny for…

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News in Brief – July 2021

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Americas The Internal Revenue Service (IRS) is cracking down on crypto-asset tax evasion with virtual currencies and non-fungible tokens. Although designed to be invisible, this scrutiny also aims to identify users who use crypto to launder funds Commission-free stock mobile trading platform Robinhood fined $70m by Financial Industry Regulatory Authority (FINRA) for “systemic supervisory failures…

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News in Brief – June 2021

Arctic Intelligence | ACAMS Australasia 2022 Recap

AMERICAS Stephen Calk, founder and former CEO of The Federal Savings Bank, is being prosecuted in New York for bribery. He is accused of approving multi-million dollar loans to fund Trump’s 2016 campaign in exchange for a White House appointment. Find out about more about our anti-bribery and corruption solution here. Former CANNTRUST executives charged…

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