Other industry sectors
Other industry sectors such as non-profit organisations and marijuana-related businesses have been known to be used by organised criminal networks to launder the proceeds of crime and to finance terrorism. As a result, they are “caught” by the same AML/CTF laws that financial services, gaming and gatekeeper professional sectors are subject to and these businesses must identify and assess their risks and vulnerabilities to money laundering and terrorism financing, then design, implement and maintain appropriate and proportionate control frameworks to mitigate and manage these risks.
Other industries that are not regulated under AML/CTF laws are susceptible to other financial crimes like fraud, bribery and corruption, sanctions violations and tax evasion and it is equally important for businesses operating in these sectors to conduct enterprise-wide risk assessments for these topics.
Major corporates in the following sectors are exposed to fraud, bribery and corruption and other financial crime risks:
Arctic Intelligence help clients in these sectors?
Arctic Intelligence is a multi-award winning, RegTech firm that specialises in audit, risk and compliance software related to financial crime compliance and risk management.
Arctic Intelligence has developed our Risk Assessment Platform purposefully tailored to risk domains including money laundering, terrorism financing and sanctions; fraud; bribery and corruption; human trafficking; wildlife trafficking and other topics.
Our clients either use Arctic Intelligence’s expert-built content modules or they import their own (or a hybrid of the two), which enables them to easily identify and assess their risks and vulnerabilities to financial crime and then design, implement and maintain appropriate and proportionate controls to mitigate and manage these risks.
For more information and to get started, book a demo now
FINANCIAL CRIME SOLUTIONS FOR
Other industry sectors
Arctic Intelligence is recognised as a thought leader and pioneer in enterprise-wide financial crime risk and compliance gap assessment platforms.
Why choose Arctic Intelligence?
Choose the financial crime risk assessment platform that is right for you
We are a recognised as a thought leader and pioneer in the enterprise-wide financial crime risk and compliance gap assessment technology solutions.
AML Accelerate is a cloud-based guided risk assessment solution for assessing money laundering and terrorism financing risks and developing AML/CTF Programs/Policies.
AML Accelerate is designed for smaller and medium-sized businesses and has been tailored to over 30 industry sectors.
Risk Assessment Platform
The Risk Assessment Platform is a cloud-based highly flexible and configurable enterprise-wide risk and control assessment solution designed for larger enterprises.
Apply standard risk and control libraries for various financial crime risks or configure it to suit any enterprise risk management framework and methodology using in-built workflows, audit trail and real-time enterprise analytics and insights.