Media
The Asian Banker: Can Singapore’s banks keep up with money laundering tactics?
Arctic Intelligence CEO Anthony Quinn shares his insights what’s been going on in the world of AML/CTF in Singapore following a number of high-profile money laundering incidents with financial services firms last year. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreLeading the way in business-wide financial crime risk assessments
Arctic Intelligence is a global company that has developed enterprise risk assessment software enabling regulated businesses to better assess, document and manage their financial crime risks. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreThe indispensable role of enterprise-wide risk assessment solutions
As financial crime threats and risks continuously evolve, an Enterprise-Wide Risk Assessment (EWRA) has become essential for regulated businesses. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreAustralia needs to expand AML/CTF laws to lawyers, accountants, trust and company service providers and high-value goods dealers
On 20th April 2023, the Attorney General’s Department (AGD) issued its long-awaited consultation paper seeking comments on simplifying and modernising the AML/CTF Act; expanding the laws to new gatekeeper professions and other sectors, and other matters. Australia has a terrible track record of failure to prevent money laundering and tax evasion. In 2015, the FATF…
Read MoreIt’s time to close the money laundering loopholes in Australia’s real-estate sector
There is irrefutable evidence that organised criminal networks are widely using Australia’s real-estate sector to launder the proceeds of crimes. And in the Panama Papers leak of over 11.5 million documents found there were over 320,000 offshore entities established between 1977 and 2015, with over 1,700 officers (directors, shareholders and/or beneficiaries) and 1,400 addresses connected…
Read MoreAustralia’s proposed tranche 2 laws lack the regulation of the high-value goods dealers sector
The Department of Home Affairs (DFAT) published a paper back in 2016 that focussed on the significant risks of organised criminal networks laundering funds through high-value goods dealers, such as precious metal and jewellery, art and antiquities, motorised vehicle dealers and luxury goods dealers. In this paper, DFAT noted, “The regulation of HVDs under the…
Read MoreArctic Intelligence responds to proposed AML/CTF reforms
On 20 April 2023, the Attorney General’s Department (AGD) announced a public consultation of proposed reforms to Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime. The proposed reforms include extending the existing AML/CTF legislation to capture additional ‘tranche-two’ high risk entities including lawyers, accountants, trust and company service providers, real estate agents and dealers in…
Read MoreFinTech Global News: What could the impact of fraud in the metaverse be?
Arctic Intelligence CEO Anthony Quinn shares his vision on how fraud will affect the metaverse. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreFinTech Global News: Could the introduction of Gen AI into the cyber world spell danger?
Arctic Intelligence CEO Anthony Quinn talks about the potential impact of AI on CyberTech, and the threats and opportunities it will present. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreFinTech Global News: The next revolution: could Gen AI bring RegTech into a new age?
Arctic Intelligence CEO Anthony Quinn explains why AI is currently, and will continue to be revolutionary when it comes to how firms manage regulatory compliance obligations. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
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