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Financial crime risk and compliance trends in 2023
The rapid increase in the number of compliance failures related to financial crime risk management has highlighted the importance that regulated businesses place on managing these risks more effectively. Against this backdrop of increased regulatory scrutiny is a constantly evolving threat and risk landscape, with organised criminal networks using more innovative techniques to launder the…
Read MoreLawyers, Accountants, Real estate agents in scope of new AML/CTF laws
An announcement about Australia’s Tranche 2 anti-money laundering laws is likely at the end of this month. This will be in response to recommendations from the Senate AML/CTF enquiry and will outline the government’s position on Tranche 2 laws, a beneficial ownership register, and a consultation timetable with AML/CTF ‘gatekeeper’ professions. Australian anti-money laundering and…
Read MoreMeet the financial crime expert series: Ronald Daliya
Who are you and what do you do? I help our clients by providing advice on Financial Crime and in particular AML/ CTF. We deliver this advice by taking a transformation-based approach to everything we do. How did you get into this career in the first place? I used to work in IT, then project…
Read MoreArctic Intelligence launches 2022 AML industry benchmarking report
Today, Arctic Intelligence announced the release of its highly anticipated 2022 AML Industry Benchmarking report, which contains deep insights into hundreds of enterprise-wide money laundering and terrorism financing risk assessments alongside insights gathered from a public survey they conducted on financial crime risk assessments. Our second report, the 2022 AML Industry Benchmarking Report builds on…
Read MoreMeet the financial crime expert series: Luke Raven
Who are you and what do you do? I’m Luke Raven! Across a little over 13 years now I’ve worked at Big 4 banks and world class FinTechs, helping each tackle Financial Crime. Whether it’s Sanctions, Anti-Money Laundering, Fraud Prevention, Anti-Scams, Bribery & Corruption, Terrorist Financing – I enjoy all of it! I love helping…
Read MoreNeo Advisory and Arctic Intelligence to help digital currency and crypto asset service providers navigate AML/CTF
Neo Advisory links up with Arctic Intelligence to help Digital Currency Exchange Providers and Crypto Asset Secondary Service Providers navigate AML/CTF risk assessments As crypto assets continue to intrigue and make waves across the globe, organisations like Neo Advisory exist to help these businesses navigate the accounting, administrative and business requirements within related jurisdictions. They…
Read MoreACAMS Australasia 2022 recap
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.…
Read MoreEast African risk consultancy Hazton assigns award-wining Arctic Intelligence as their RegTech partner of choice
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…
Read MoreRisk assessment platform (RAP) enhancement
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 risk domains (AML, Bribery & Corruption, Fraud, Sanctions, Correspondent Banking, Modern Slavery, Human Trafficking &…
Read MoreLegal briefings: scope of Australia’s AML/CTF regime to be widened
BACKGROUND The terms of reference for the Inquiry, which took place on 9 and 10 November 2021, included, among other things: Senators Kim Carr (Labor), Raff Ciccone (Labor), Karen Grogan (Labor), Nick McKim (Greens), Deborah O’Neill (Labor) and Paul Scarr (Liberal) presided over the Inquiry. Since as early as May 1991, the Financial Action Task…
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