Insights
Customer insights – January 2021
Goodbye, 2020! Hello, 2021! We kicked off the year with a major update to the Risk Assessment Platform; our largest to-date. And work is underway on new features and enhancements for AML Accelerate. These updates reflect our continued focus on transforming risk assessment and compliance to be fast, easy, and comprehensive. Risk Assessment Platform v1.8…
Read MoreArctic Intelligence announced Australian Founded RegTech of the Year
Aussie scale-up Arctic Intelligence has won two out of six awards presented during the RegTech Associations annual awards ceremony (#ACCELERATERegTech2020), which celebrates best-in-class RegTech companies and individual founders. Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
Read MoreHotels, Pubs and Clubs
Hotels, Pubs and Clubs globally attract hundreds of thousands of customers, gambling billions of dollars every year. The nature of gaming activity within these businesses means they are highly vulnerable to being used by criminals for money laundering and terrorism financing. Failure to comply with strict anti-money laundering and counter-terrorism financing obligations may result in…
Read MoreAccounting Firms
With clear evidence that accountants and accounting firms are unwittingly used as a “gate keeper” for criminal financial activity, many countries have implemented anti-money laundering (AML) and counter-terrorism financing regulations (CTF) to minimise the economic and societal impact. Compliance can be resource intensive Complying with AML/CFT laws can be challenging for some, especially for small…
Read MoreReal Estate
With clear evidence that the real estate sector is being used by organised criminal networks to park the proceeds of crime, many countries (but not Australia!) have implemented anti-money laundering and counter-terrorism financing regulations to minimise financial crime risks in this sector. Compliance can be resource intensive Complying with AML/CFT laws can be challenging for…
Read MoreLaw Firms
With clear evidence that legal firms are unwittingly used as a “gate keeper” for criminal financial activity, many countries have implemented anti-money laundering and counter-terrorism financing regulations to minimise the economic and societal impact. Compliance can be resource intensive Complying with AML/CTF laws can be challenging for some, especially for small to medium sized firms.…
Read MoreCustomer insights – December 2020
Have you created your 2020 AML/CTF Program? If you have not yet reviewed and updated your AML/CTF Programs and ML/TF Risk Assessments for 2020, there is still time. With AML Accelerate it is very quick and easy to copy your last year’s AML Program to create your 2020 AML Program documents. Please see the easy-to-follow…
Read MoreEU update – December 2020
Vatican to revamp AML unit following the latest in a long line of scandals. The renamed Supervisory and Financial Information Authority (ASIF) functions include “supervision aimed at the prevention and countering of money laundering and the financing of terrorism,” Though the Vatican has had a history with allegations and cases of corruption, the changes made…
Read MoreWhat we are hearing – December 2020
As we near the end of 2020, a year that most would be happy to forget, this newsletter is focussed around some reflections on the year that was (not) and potential risk and compliance trends that we are predicting for the year(s) ahead… Looking back at 2020 Well January to March was pretty good, until…
Read MoreNews in brief – December 2020
APAC EUROPE NORTH AMERICA Follow us on LinkedIn and Twitter for a daily dose of financial crime news across the globe.
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