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The biggest challenges giving the RegTech sector a headache right now

Arctic Intelligence | Customer Insights - Feb 2021

By RegTech Analyst From getting accurate data to responding to new regulatory challenges, there are plenty of opportunities and obstacles to overcome for RegTech innovators. The RegTech sector has come into its own. Ever since the great recession of 2008, governments around the world have been clamouring to tighten up the legislation controlling the financial…

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Businesses need to assess money laundering risk more frequently

Arctic Intelligence | EU Update - April 2021

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…

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Arctic Intelligence warns many Australian businesses may be vulnerable to financial crime

Arctic Intelligence | AML/CTF regulation for lawyers

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…

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‘Alarm bells ringing’- laundering claims rain on CBA’s parade

Alarm bells ringing laundering claims rain on CBAs 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…

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Start-ups form regtech industry association

Arctic Intelligence | Tranche Two AML/CTF increased transparency bill

A new industry group to represent the emerging regulatory technology, or regtech, industry has been formed in order to encourage collaboration between start-ups and regulated companies as the rise of artificial intelligence technology points to a new age of proactive compliance monitoring. A dozen Australian start-ups have come together to form the RegTech Association, which…

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