Media
What do FinTech and RegTech stakeholders think about the new Australian senate committee investigating the industry?
By RegTech Analyst Last week the Australian senate announced it would launch a new select committee to ensure the FinTech and RegTech sectors keep growing and remain compliant. Now, industry leaders have revealed what they think about it. The committee will also take a closer look at how the industry is developing globally. It will also…
Read MoreTech transition proves a tough act for banks
– By Supratim Adhikari Westpac chief executive Brian Hartzer’s carefully laid out plans to leverage new technology to cut costs and transform the bank’s processes now lie in tatters, as the bank’s management digs in to contain the fallout from the allegations levelled against it by Austrac. Less than two weeks ago, Hartzer was touting…
Read MoreFATF caves as Australia keeps propping up property market with black money
by Nathan Lynch — 20 November 2019 Welcome to the dark side of the Great Australian Dream, an investigation by Nathan Lynch. Australia is facetiously referred to as the Lucky Country for its ability to ship off endless boatloads of minerals, surfing the waves of economic good fortune with a “she’ll be right” swagger. But there’s another more important driver…
Read MoreTier one people – Anthony Quinn of Arctic Intelligence
Anthony Quinn talks to Dexter Cousins about his journey so far. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
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 MoreTo beat financial crime, organisations can no longer afford to not share data
Financial criminals are winning, so organisations need to be more vigilant and work together to combat it, according to Anthony Quinn, founder and CEO at Artic Intelligence. One of the biggest challenges facing financial institutions is combatting financial crime, particularly money laundering. There has been a lot of focus put on anti-money laundering (AML) and…
Read MoreDynamic business – let’s talk: Innovation
Anthony Quinn talks about the importance of innovation and differentiating yourself from the competition. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read More‘Alarm bells ringing’- laundering claims rain on CBA’s parade
Commonwealth Bank staff at the Market City branch in Sydney’s Chinatown were getting suspicious, watching the same customer making cash deposits of just under $10,000. It was July 2015 and the customer was following a pattern they had seen elsewhere: ploughing cash into an intelligent deposit machine (IDM) just below the threshold where such deposits…
Read MoreAustralian financial review – CBA money laundering scandal: how it happened
Anthony Quinn talks about the money laundering scandal that surrounds one of Australia’s major banks. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
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