Insights
News in brief – April 2021
AFRICA AMERICAS ANZ ASIA EUROPE MIDDLE EAST Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreEU update – April 2021
ABN AMRO fined (again!) OPINION: The Dutch bank will pay a total of €480 million for violating the Anti-Money Laundering and Counter Terrorism Financing Act (AML/CTF Act). These violations include failing to spot accounts involved in money laundering, failing to end relations with suspicious clients and failing to report these transactions to authorities. This is…
Read MoreCustomer insights – April 2021
Our next release of the Risk Assessment Platform is just around the corner. We’ve been hard at work adding enhancements and new features, and we are excited to give you a sneak peek at some of the key improvements. In this month’s newsletter, we also recap new risk models available in Risk Assessment and the…
Read MoreWhat we are hearing – April 2021
In a recent article published by the economist, titled “The war against money laundering is being lost” – The global system for financial crime is hugely expensive and largely ineffective”, is a good read but somewhat misses the point. The reality is, like with terrorism, organised criminal networks will always be looking for smart innovative…
Read MoreArctic Intelligence’s enterprise risk assessment software adopted by PwC
Arctic Intelligence recognised as a leading regulatory technology provider by one of the top 4 consultancies in the world PRESS RELEASE: Arctic Intelligence was chosen by PwC UK to enhance their Risk Assurance offering. The combination of PwC’s consultancy expertise and Arctic Intelligence’s award-winning technology aims to deliver a comprehensive enterprise view of PwC’s client’s…
Read MoreThe first US wealth technology landscape report features Arctic Intelligence, global RegTech firm
Arctic Intelligence has been featured as a leading Wealth Technology vendor for its regulatory compliance software in its first US Report issued by The Wealth Mosaic. The release also features several vendors across different categories to highlight the importance of technology within the wealth and asset sector. The definitive guide to for wealth management firms…
Read MoreCustomer insights – March 2021
In the Risk Assessment Platform, all out-of-the box risk models are refreshed and updated with recommendations from industry experts and the latest from regulators from around the world. In addition to refreshing existing risk models, new risk models have been added and are available for Money Laundering and Terrorist Financing, and Bribery and Corruption, enabling…
Read MoreNews in brief – March 2021
AFRICA AMERICAS ANZ ASIA EUROPE MIDDLE EAST Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreEU update – March 2021
UK regulator has launched criminal proceedings against NatWest in a £365millon money laundering scandal. It is alleged that £365million was paid into a NatWest customer account over a period of 5 years, and that “controls failed to adequately monitor and scrutinise this activity”. The real headline though is that £264 million of those funds were…
Read MoreWhat we are hearing – March 2021
The deadline for filing AUSTRAC’s annual compliance report for the 2020 calendar year will expire 31st March for the estimated 14,000 reporting entities that are subject to anti-money laundering and counter-terrorism financing (AML/CTF) obligations in Australia. The annual compliance report is a mandatory requirement and AUSTRAC may impose penalties on regulated entities that fail to…
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