Media
Legal 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…
Read MoreThe Market Herald – Financial crime reporting is about to take a quantum leap
Anthony Quinn is interviewed by Nick Bruechle about the major changes on the horizon in the financial crime industry. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreTransforming risk assessment techniques
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…
Read MoreSenate legal and constitutional affairs references committee – the adequacy and efficacy of Australia’s AML and CTF regimes
Arctic Intelligence contributed to the report prepared by the Senate Legal and Constitutional Affairs References Committee on the adequacy and efficacy of Australia’s AML and CTF regimes. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreThe gathering storm – AML/CTF regulation for lawyers back on the table
OPINION PIECE: Amidst the hurly-burly of pre-federal election chicanery and Budget 2022 hysteria, it would have been easy to blink and miss one of the more important Senate committee reports for lawyers in the last few years. Federal Parliament’s final sitting week in March 2022 produced many shocks and revelations, but the Senate Legal and…
Read MoreFederal senate legal and constitutional affairs references committee – Money laundering reform recommendations
Arctic Intelligence contributed to the Federal Senate Legal and Constitutional Affairs References Committee’s report regarding the adequacy and efficacy of Australia’s anti-money laundering and counter terrorism financing regime. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreMoney laundering reform recommendations for ‘gatekeeper professions’
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…
Read MoreSet them free
Ramp up your company’s response to modern slavery in 2022. For the first time, many directors are faced with the unfamiliar task of reviewing and approving their organisation’s modern slavery statement. The Global Slavery Index 2018 (GSI 2018) has estimated that on any given day in 2016, there were 15,000 people living in conditions of…
Read MoreCommonwealth senate – The adequacy and efficacy of Australia’s anti-money laundering and counter terrorism financing regime
Arctic Intelligence contributed to the committee’s report concerning the adequacy and efficacy of Australia’s AML and CTF regimes. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreWeighing up the risk
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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