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Post-Brexit AML/CTF landscape in the UK: Divergence or continuity with EU and Global Standards?
Introduction The United Kingdom’s departure from the European Union (EU) in January 2020 raised questions...
The Impact of the United Nations’ Counter-Terrorism Financing Framework on National Legislations
Introduction The United Nations (UN) has been a central player in shaping global efforts to...
Cross-Border Collaboration in Financial Crime Risk Management
Introduction Financial crime is a global issue that transcends borders, with money laundering, fraud, and...
Sanctions and Financial Crime Risk Management: Challenges and Emerging Strategies
Introduction Sanctions remain one of the most potent tools for combating financial crime and achieving...
Cultural Considerations in Financial Crime Risk Assessments
Introduction Financial crime risk assessments often focus on regulatory compliance, technological solutions, and operational frameworks....
The Future of Financial Crime Risk Management: Predictions and Strategic Directions
Introduction As financial crimes grow in complexity, the future of risk management demands innovation, adaptability,...
Cybersecurity and Financial Crime: Merging Risk Assessments
Introduction The convergence of cybersecurity and financial crime risk has become a critical focus for...
Emerging Risks in Tranche 2 Professions: Virtual Assets and Cryptocurrencies
Introduction The rise of virtual assets and cryptocurrencies has revolutionised the financial landscape, offering new...
How do organised criminals exploit virtual asset service providers to launder the proceeds of their crimes and what can you do to prevent this happening in your business?
Introduction The rise of Virtual Asset Service Providers (VASPs), including cryptocurrency exchanges, digital wallets, and...
Sanctions and Financial Crime Risk Assessments: Global Challenges
Introduction Sanctions are a key tool in combating financial crime, curbing the financing of terrorism,...
Case Studies: How organised criminals have exploited dealers in precious metals and stones to launder the proceeds of their crimes and how you can prevent this happening in your business
Introduction The precious metals and stones (PMS) sector is a highly attractive target for organised...
Anti-Money Laundering 101: What do Australian dealers in precious metals and stones need to know about the AML/CTF Amendment Act 2024 and how can they start to prepare to comply?
Introduction In November 2024, the Australian Parliament enacted the Anti-Money Laundering and Counter-Terrorism Financing Amendment...
Lessons from Financial Crime Scandals: Risk Assessment Failures and Mitigation
Introduction Financial crime scandals have repeatedly demonstrated the consequences of inadequate risk assessment frameworks. High-profile...
Case Studies : How do organised criminals exploit virtual asset service providers to launder the proceeds of their crimes and what can you do to prevent this happening in your business?
Introduction The rise of Virtual Asset Service Providers (VASPs) - including cryptocurrency exchanges, digital wallets,...
Trust and Company Service Providers (TCSPs): A Weak Link or First Line of Defence Against Financial Crime?
Trust and company service providers (TCSPs) operate at the heart of financial structures that can...
Third-Party Risk Management and Financial Crime: A Global Outlook
Introduction Third-party relationships are essential to modern business operations, enabling companies to expand their reach,...
How do organised criminals exploit dealers in precious metals and stones to launder the proceeds of their crimes and what can you do to prevent this happening in your business?
Introduction The precious metals and stones (PMS) sector is a highly lucrative industry that deals...
Trust and Company Service Providers: A critical weak link in financial crime prevention
Introduction Trust and Company Service Providers (TCSPs) play a pivotal role in the global financial...
Anti-Money Laundering 101: What do Australian virtual asset service providers need to know about the AML/CTF Amendment Act 2024 and how can they start to prepare to comply?
Introduction In November 2024, the Australian Parliament enacted the Anti-Money Laundering and Counter-Terrorism Financing Amendment...
Financial Crime Risk Assessment for TCSPs: Practical Steps
Introduction Trust and Company Service Providers (TCSPs) are vital intermediaries in the financial system, providing...
Case Studies: How organised criminals have exploited trust and company services businesses to launder the proceeds of their crimes and how you can prevent this happening in your business
Introduction Trust and Company Service Providers (TCSPs) play a vital role in corporate structuring, estate...
How do organised criminals exploit trust and company service providers to launder the proceeds of their crimes and what can you do to prevent this happening in your business?
Introduction Trust and Company Service Providers (TCSPs) play a crucial role in facilitating legitimate business...
Anti-Money Laundering 101: What do Australian Trust and Company Service Providers need to know about the AML/CTF Amendment Act 2024 and how can they start to prepare to comply?
Introduction In November 2024, the Australian Parliament enacted the Anti-Money Laundering and Counter-Terrorism Financing Amendment...
Tranche 2 in Practice: Key Challenges and Compliance Tips for Professionals
Introduction Tranche 2 professions—lawyers, accountants, real estate agents, and trust and company service providers (TCSPs)—play...
The Rise of Collaborative Financial Crime Risk Management
Introduction In the fight against financial crime, collaboration has emerged as a critical strategy. Financial...
Case Studies: How organised criminals have exploited accounting professionals to launder the proceeds of their crimes and how you can prevent this happening in your business
Introduction Accounting professionals play a crucial role in financial oversight, tax compliance and corporate governance....
How do organised criminals exploit accounting professionals to launder the proceeds of their crimes and what can you do to prevent this happening in your business?
Introduction Accounting professionals play a crucial role in financial management, compliance, and advisory services for...
Anti-Money Laundering 101: What do Australian Accounting Professionals need to know about the AML/CTF Amendment Act 2024 and how can they start to prepare to comply?
Introduction In November 2024, the Australian Parliament passed the Anti-Money Laundering and Counter-Terrorism Financing Amendment...
The Role of ESG in Financial Crime Risk Assessments
Introduction Environmental, social, and governance (ESG) considerations are reshaping the business landscape, influencing everything from...
Ethical Dilemmas for Gatekeepers: Balancing Confidentiality with Legal Obligations
Introduction Gatekeepers, such as lawyers, accountants, real estate agents and trust and company service providers...
Case Studies: How organised criminals have exploited legal professionals to launder the proceeds of their crimes and how you can prevent this happening in your business
Introduction Legal professionals play a vital role in financial and property transactions, corporate structuring, and...
How do organised criminals exploit legal professionals to launder the proceeds of their crimes and what can you do to prevent this happening in your business?
Introduction Legal professionals, including lawyers, notaries and conveyancers, play a critical role in facilitating financial...
Anti-Money Laundering 101: What do Australian Legal Professionals need to know about the AML/CTF Amendment Act 2024 and how can they start to prepare to comply?
Introduction In November 2024, the Australian Parliament enacted the Anti-Money Laundering and Counter-Terrorism Financing Amendment...
Financial Crime Risk Assessment in the Digital Era: A Global Perspective
Introduction The digital transformation of the global economy has introduced unprecedented opportunities and challenges. Financial...
What is the role of Real Estate Agents in preventing money laundering in high-value transactions?
Real estate agents operate at the intersection of high-value financial transactions and property ownership—a combination...
Regulatory Updates on Financial Crime Risk Assessments Worldwide
Introduction The regulatory environment for financial crime risk management is constantly evolving as governments and...
Case Studies: How organised criminals have exploited real estate agents and property developers to launder the proceeds of their crimes and how you can prevent this happening in your business
Introduction The real estate sector is a prime target for money laundering by organised criminals,...
How do organised criminals exploit real estate professionals to launder the proceeds of their crimes and what can you do to prevent this happening in your business?
Introduction The real estate sector is a prime target for organised criminals looking to launder...
Anti-Money Laundering 101: What do Australian Real Estate Professionals need to know about the AML/CTF Amendment Act 2024 and how can they start to prepare to comply?
Introduction In November 2024, the Australian Parliament enacted the Anti-Money Laundering and Counter-Terrorism Financing Amendment...
Penalties for Non-Compliance: Lessons from Enforcement Actions Against Gatekeepers
Introduction Gatekeepers such as lawyers, accountants, real estate agents and trust and company service providers...
Technology and Automation in AML Compliance for Gatekeepers
Introduction As financial crimes grow more sophisticated, gatekeepers such as lawyers, accountants, real estate agents...
Compliance Culture in Tranche 2 Professions: Building Awareness and Accountability
Introduction Tranche 2 professions, including lawyers, accountants, real estate agents and trust and company service...
Global Trends in Financial Crime Risk Management: Adapting to Evolving Threats
Introduction In a rapidly shifting global environment, financial crime has become increasingly sophisticated, transcending borders...
How Criminals Exploit Gatekeepers: Understanding Common Typologies
Introduction Gatekeepers such as lawyers, accountants, real estate agents, and trust and company service providers...
Risk-Based Approach to AML Compliance for Gatekeeper Professions
Introduction The Risk-Based Approach (RBA) to Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) compliance is...
Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations for Tranche 2 Professions: A Global Overview
Introduction Anti-money laundering (AML) and Counter-terrorism financing (CTF) regulations have undergone significant evolution over the...
The role of gatekeepers in combating money laundering and terrorism financing
Money laundering and terrorism financing represent significant threats to global financial stability and security. As...
The Future of Financial Crime Risk Assessment: Predictions for 2025 and beyond!
Introduction The financial crime landscape is evolving rapidly, driven by advancements in technology, changes in...
Empowering Your Board: How Detailed AML/CFT & Sanctions Reporting Mitigates Risk
Inadequate AML/CFT and Sanctions oversight exposes institutions to significant regulatory sanctions, reputational harm, and financial...
Independent Reviews: Avoiding Traps and Achieving Value
Independent reviews are a pillar of a strong, risk-based AML/CFT and Sanctions Compliance compliance program....
Increasing Focus on Risk Management at Major Financial Institutions in the US
In this article, we’re focusing on what's happening in the United States, particularly on various...
Arctic Intelligence Forges Strategic Alliance with Jade ThirdEye
Arctic Intelligence, a leading provider of innovative solutions for enterprise-wide financial crime risk assessment, proudly...
Compliance as a Strategic Investment
Introduction Is your financial institution overlooking its greatest asset? In today's competitive market, many companies...
Arctic Intelligence Named Finalist for Excellence in RegTech at the Finnies 2024
Arctic Intelligence, a pioneer in innovative financial crime prevention solutions, is thrilled to announce its...
Arctic Intelligence Recognised on FinTech Global’s FinCrimeTech50 List
Arctic Intelligence, a leading provider of innovative financial crime prevention solutions, has been honoured with...
Arctic Intelligence named as a finalist in the ICA compliance awards 2024
We're honoured to be nominated again as a finalist for a prestigious industry award: we...
Arctic Intelligence launches 14-day free trial of AML Accelerate
Recently, Arctic Intelligence launched a 14-day obligation free trial of the multi-award winning money laundering...
Cornerstone and Foundation: How Governance and Risk Assessment Fortify Your BSA/AML and OFAC Program
Your BSA/AML and OFAC compliance program needs a guiding structure and a robust foundation in...
December 2023 – New features & upcoming features
Event Management We have introduced "Events," empowering our clients to create, track, and manage breaches,...
Risk Assessment: The Bedrock of Financial Services Compliance
In the current competitive and fast changing landscape of the financial services industry, effective risk...
Proliferation Financing risks: What businesses need to know
Proliferation Financing (PF) forms part of the compliance landscape, like anti-money laundering and counter-terrorism financing...
7 tips for your next Independent Review of the AML/CTF Program
An independent review of the anti-money laundering (AML) and counter-terrorism financing (CTF) program helps assess...
Reviewing the UK’s AML/CTF regulatory and supervisory regime
Global financial systems are under significant threat from money laundering and terrorist financing, with the...
The three most common challenges compliance professionals face conducting their enterprise-wide financial crime risk assessments
Are you interested in digitising or automating your financial crime risk assessment? We speak to...
The importance of conducting risk assessments to identify and evaluate potential money laundering and terrorism financing risks.
In an increasingly interconnected world, the fight against money laundering (ML) and terrorism financing (TF)...
Enhancing Risk Assessment Activities: A Strategic Approach for Competent Authorities
Effective risk management is not only good practice; it helps organisations to identify and mitigate...
Assessing the impact of money laundering and terrorism financing on your business: a guide
Money laundering and terrorism financing (ML/TF) have far-reaching consequences, posing significant risks to economies, businesses,...
Arctic Intelligence teams up with Fintelekt to bring enhanced risk assessment capabilities to the Asia pacific region
Arctic Intelligence has partnered with Fintelekt Advisory Services in a move designed to build a...
6 reasons why you need a robust enterprise-wide AML/CTF risk assessment
6 reasons why you need a robust enterprise-wide AML/CTF risk assessment In the dynamic landscape...
FCA warns many payments firms risk harm to their customers and the financial system
FCA warns many payments firms risk harm to their customers & the financial system. On...
Financial crime risk and compliance trends in 2023
The rapid increase in the number of compliance failures related to financial crime risk management...
Lawyers, Accountants, Real estate agents in scope of new AML/CTF laws
An announcement about Australia’s Tranche 2 anti-money laundering laws is likely at the end of...
Meet the financial crime expert series: Ronald Daliya
Ronald Daliya Director, Financial Crime, Insync Risk Who are you and what do you do?...
Arctic Intelligence launches 2022 AML industry benchmarking report
AML Benchmarking Report 2022 Today, Arctic Intelligence announced the release of its highly anticipated 2022...
Meet the financial crime expert series: Luke Raven
Luke Raven Senior AML/CTF Compliance Manager, Cabital Who are you and what do you do?...
Neo Advisory and Arctic Intelligence to help digital currency and crypto asset service providers navigate AML/CTF
Neo Advisory links up with Arctic Intelligence to help Digital Currency Exchange Providers and Crypto...
ACAMS Australasia 2022 recap
OPINION: The Association of Certified Anti-Money Laundering Specialists (ACAMS) held its 2nd annual AML &...
East African risk consultancy Hazton assigns award-wining Arctic Intelligence as their RegTech partner of choice
Hazton Risk Consultancy is a financial crime consultancy firm based in Uganda. Their services span...
Risk assessment platform (RAP) enhancement
Arctic Intelligence's Risk Assessment Platform is a proprietary solution designed to be customisable and configurable....
Legal briefings: scope of Australia’s AML/CTF regime to be widened
BACKGROUND The terms of reference for the Inquiry, which took place on 9 and 10...
Transforming risk assessment techniques
Historically risk assessments have been subjective, inefficient, slow, and infrequent. Moreover, they are the cornerstone...
The gathering storm – AML/CTF regulation for lawyers back on the table
OPINION PIECE: Amidst the hurly-burly of pre-federal election chicanery and Budget 2022 hysteria, it would...
AML insights that help set the global benchmark in compliance
Arctic Intelligence have produced their 2022 insights survey to gather data from financial crime risk...
Money laundering reform recommendations for ‘gatekeeper professions’
On 30 March 2022, the Federal Senate Legal and Constitutional Affairs References Committee (Committee) released...
Set them free
Ramp up your company’s response to modern slavery in 2022. For the first time, many...
4 good reasons why crypto businesses should complete an AML/CFT business risk assessment
Introduction If you work for a cryptocurrency business (“business”), chances are you’re in the process...
Australian RegTech of the year winner, Arctic Intelligence forges global expansion with ICA partnership
ANNOUNCEMENT : Arctic Intelligence continues its growth trajectory by ending the last quarter of 2021...
Weighing up the risk
Organisations are switching to automated assessments of financial crime risks as regulators flag more rigorous...
Understanding the financial crime risk across your group of businesses
“One of These Things is Not Like the Others…?” Introduction In May 2021, the European...
Times they are a-changing – and so should your business risk assessment
Introduction – The Dear CEO Letter In May 2021, the UK’s Financial Conduct Authority (“FCA”)...
EU update – July 2021
Business Wide Risk Assessments are a hot subject We recently wrote about the Dear CEO...
News in brief – July 2021
Americas The Internal Revenue Service (IRS) is cracking down on crypto-asset tax evasion with virtual...
Customer insights – July 2021
July was full of updates, with the Risk Assessment Platform updated to v1.10, recent regulatory...
News in brief – June 2021
AMERICAS Stephen Calk, founder and former CEO of The Federal Savings Bank, is being prosecuted...
EU update – June 2021
The FCA recently sent a strong worded Dear CEO letter in relation to Financial Crime...
Customer insights – June 2021
This month we updated the AML Accelerate Australian AML Program/Policy template to incorporate recent reforms...
Dear CEO… FCA address repeat compliance failings
The FCA recently sent a strong worded Dear CEO letter in relation to Financial Crime....
What we are hearing – May 2021
It’s been another big month of financial crime news… In Europe, the largest mafia trial...
Customer insights – May 2021
Enterprise-wide risk assessment solution Risk Assessment v1.9 is now live with exciting new features and...
News in brief – May 2021
AFRICA Ghana expected to be removed from the EU money laundering watch list following a...
Arctic Intelligence provide financial crime professionals an AML benchmark report
Arctic Intelligence found that 1 in 4 risk & compliance professionals believe rolling out and...
News in brief – April 2021
AFRICA 66-year old 'Hotel Rwanda' hero, Paul Rusesabagina has been detained in his home country...
EU update – April 2021
ABN AMRO fined (again!) OPINION: The Dutch bank will pay a total of €480 million...
Customer insights – April 2021
Our next release of the Risk Assessment Platform is just around the corner. We've been...
What we are hearing – April 2021
In a recent article published by the economist, titled “The war against money laundering is...
Arctic Intelligence’s enterprise risk assessment software adopted by PwC
Arctic Intelligence recognised as a leading regulatory technology provider by one of the top 4...
The 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...
Customer insights – March 2021
In the Risk Assessment Platform, all out-of-the box risk models are refreshed and updated with...
News in brief – March 2021
AFRICA The Association of Bureau De Change Operators of Nigeria (ABCON) says 26 members have been...
EU update – March 2021
UK regulator has launched criminal proceedings against NatWest in a £365millon money laundering scandal. It...
What we are hearing – March 2021
The deadline for filing AUSTRAC’s annual compliance report for the 2020 calendar year will expire...
Arctic Intelligence, global RegTech firm wins again.
Arctic Intelligence has been recognised by the A-Team Group as the most innovative data privacy...
News in brief – February 2021
AMERICAS Trump's impeachment sparks claims that anonymous hedge funds, anonymous trusts, and anonymous real estate...
EU update – February 2021
As Fraud in the UK is seen as a “Threat to National Security”, Judges limit...
What we are hearing – February 2021
Following an 18 month public inquiry by the NSW Independent Liquor & Gaming Authority (ILGA)...
Customer insights – February 2021
In this month's newsletter, we take a look at two new features in the latest...
EU update – January 2021
HMRC issues record £24million fine to MSB for anti-money laundering failures. Whilst this may not...
What we are hearing – January 2021
Happy New Year everyone... As we closed the chapter in 2020 and opened a new...
News in brief – January 2021
AMERICAS US Federal Agencies, Federal Bureau of Investigation (FBI), Department of Health and Human Services...
Customer insights – January 2021
Goodbye, 2020! Hello, 2021! We kicked off the year with a major update to the...
Customer insights – December 2020
Have you created your 2020 AML/CTF Program? If you have not yet reviewed and updated...
EU update – December 2020
Vatican to revamp AML unit following the latest in a long line of scandals. The...
What we are hearing – December 2020
As we near the end of 2020, a year that most would be happy to...
News in brief – December 2020
APAC The Financial Planning Association (FPA) believe that complying with the Privacy Act should be...
Arctic Intelligence recognised in the top 100 RegTech companies in the world
Specialist research firm RegTech Analyst names Arctic Intelligence in top 100 RegTech leaders as they...
News in brief – November 2020
AUSTRALIA AML reform laws known as Tranche 1.5 has passed in the lower house in...
EU update – November 2020
EU To Establish Bloc-Wide AML Regulator By March 2021 After an agreement with finance ministers,...
What we are hearing – November 2020
In November, we have seen interest in the financial crime risk and compliance management space...
Customer insights – November 2020
This month we shine a spotlight on one of the most active members of our...
The importance of RegTech in financial crime risk management
How RegTech & financial crime risk management technologies can benefit your business and society As...
Arctic Intelligence appoints Darren Cade as CEO
PRESS RELEASE: Global RegTech firm Arctic Intelligence is accelerating into its next phase of growth...
Customer insights – October 2020
In this months newsletter we share some insights from the roundtable event with our Canadian...
EU update – October 2020
Companies House Reform The UK's company registrar, Companies House are set to reform procedures to...
News in brief – October 2020
This year we have witnessed some of the largest fines in history with many international...
October 2020 – founder note
October has been another busy month for Arctic Intelligence and for the financial crime compliance...
News in brief – September 2020
Many businesses have been subjected to scrutiny for overlooking their vulnerabilities related to financial crime...
Global RegTech firm Arctic Intelligence signs leading US-based consultancy as partner
Consultancy giant Computer Services, Inc. (CSI), elect global RegTech firm, Arctic Intelligence as a regulatory...
EU update – September 2020
Bank branch staff doing a heroic job Bank branch staff in the UK prevented fraud...
September 2020 Anti-Money laundering news highlights
State of the street OPINION: On 16 September 2020, AUSTRAC issued a media release informing...
September 2020 – note from CEO
Over the last month or so we have started to see some disparity emerging in...
Customer insights – September 2020
Here at Arctic Intelligence, we're all about delivering the features and services that are most...
News in brief – August 2020
The world in which we live has become a constant state of uncertainty so we...
Lost time is never found again
OPINION: A recent LinkedIn post from Jim Richards, the Founder of RegTech Consulting LLC explored...
EU update – August 2020
Online Real estate agent fined for breaching UK AML regulations Purplebricks were fined £266,793 by...
Banking sector financial crime news
All that glitters is not Gold(man) OPINION: On 28 July 2020, Najib Razak the ex-Malaysian...
August 2020 note from CEO
In the last month or so there was so much media coverage of financial crime...
27th July 2020 note from CEO
As we continue to watch the rapid acceleration of covid-19 both in Australia and overseas...
News in brief – July 2020
COVID-19 continues to take it's toll on the global economy as the virus is spreading...
Customer insights – July 2020
It’s been a busy month as we developed and released the latest version of AML...
Achieving AML/CTF compliance in the legal sector
OPINION: NEW ZEALAND DEPARTMENT OF INTERNAL AFFAIRS PUBLISH FINDINGS ON AML/CFT COMPLIANCE IN THE LEGAL...
Dutch banks join forces to combat money laundering and terrorist financing
The coalition, comprising ABN Amro, ING, Rabobank, Triodos Bank and de Volksbank, will establish an...
The fall of Wirecard
Wirecard AG who were “missing” €1.9 billion have now filed for insolvency last month, with...
EU names additions to list of high-risk third countries
The EU’s 5th Money Laundering Directive broadened the criteria for the European Commission (EC) in assessing high-risk...
Malta is at risk of being the first EU country to be grey-listed by Moneyval.
Following Malta's fail grade in September 2019 of it's anti-money laundering laws (AML/CTF) and their...
AUSTRAC proposes amendments to AML/CTF rules
On 14 July 2020, AUSTRAC, the Australian Government agency responsible for protecting the community from...
21st July 2020 note from CEO
As we continue to watch the rapid acceleration of COVID-19 both in Australia and overseas...
Is your AML/CTF compliance program up to scratch?
OPINION: On June 4th, Westpac released its 48-page response to AUSTRAC’s statement of claim following...
June 2020 note from CEO
Since we issued our last newsletter an incredible amount of activity has been happening in...
EU update – June 2020
UK regulator issued second largest fine for AML failings. The FCA has fined Commerzbank London...
Customer insights – June 2020
In industry news, AUSTRAC has announced the deadline for 2019 compliance reports is 30 June...
News in brief – June 2020
AUSTRAC annual compliance report is due 30th June AUSTRAC's has made an example of one...
COVID-19 demise of cash: turning a threat into a technological opportunity
Opportunities Many Financial Crime articles and webinars are inadvertently conveyed an ancient proverb; "With every...
Arctic Intelligence welcomes new client African Bank Limited
Arctic Intelligence is delighted to announce African Bank Limited’s (ABL) recent procurement of their AML...
Customer insights – May 2020
Historically, we’ve seen our customers conduct their risk assessments on an annual basis. In the...
News in brief – May 2020
The impacts of COVID-19 continue to arise globally and we see countries and regulatory bodies...
EU update – May 2020
Earlier this month the EU announced it had put forward a series of measures designed...
Global RegTech firm Arctic Intelligence welcomes South African based consultancy, FCRMC to their partner network
PRESS RELEASE: Arctic Intelligence continues to strengthen their partner ecosystem by welcoming a new addition...
April 2020 regulatory updates
We've listed some of the regulatory updates from around the globe below. Follow us on...
Meet our partners
We have a network of partners with financial crime risk management expertise across the globe...
April 2020 insights
AUSTRAC OUTREACH ON COVID-19: Since mid-March AUSTRAC has been reaching out to the ~15,000 businesses...
April 2020 news in brief
We have witnessed a paradigm shift in financial crime activity and the vulnerabilities across different...
April 2020 note from CEO
It’s been a while since our last newsletter, and it is hard to comprehend all...
The role of designated non-financial services businesses in laundering funds in Australia
OPINION: At the present time Australia’s anti-money laundering and counter-terrorism financing laws do not apply...
Westpac plan for a $900M fine after AML/CTF breach
OPINION: Today Westpac indicated that it expects to suffer write-offs of $1.4bn against its first-half...
UK FCA unveils 2020/2021 business plan
OPINION: Earlier this week the UK’s Financial Conduct Authority (FCA) issued its business plan for...
Anti-money laundering law breaches
OPINION: BREAKING BAD (NEWS) - While the world is in panic there has probably never...
What is the true cost of financial crime compliance?
OPINION: Earlier this week LexisNexis Risk Solutions released the results of its global True Cost of...
Risk management during COVID-19
OPINION: Last week, the President of FATF has issued a statement encouraging the governments of...
Greens pressuring the Australian government to tighten AML laws
The Australian Government has been accused of being hypocritical as Scott Morrison, Peter Dutton and...
Arctic Intelligence awarded Deloitte 2019 Technology Fast 50 Rising Star Award
Three months after being named RegTech Start-Up of the Year 2019, Arctic Intelligence has been...
Poor legal advice led to AML/CTF breaches at Afterpay
In June 2019, AUSTRAC ordered Afterpay to appoint an external auditor after the agency identified...
FATF suspends Australia’s AML law evaluation
The Financial Action Taskforce (FATF) has suspended the evaluation of financial crime laws mid-way through...
NAB may face heavy penalties after admitting money-laundering breaches
Hot on the heels of Westpac’s announcement three weeks ago that it has provisioned hundreds...
Property continues to be the AML weak link in Australia
Australia is still lagging behind global standards in the developed world when it comes to...
The Solicitor Regulation Authority: One in five UK law firms fails to comply with money laundering rules
Following the discovery of law firms not complying with anti-money laundering regulations, the Solicitor Regulation...
Arctic Intelligence expands global reach with a new UK based client
Arctic Intelligence has launched AML content tailored for UK and expanded its global presence with...
AUSTRAC releases mutual banking sector money laundering and terrorism financing risk assessment
Yesterday, AUSTRAC released the Mutual Banking Sector Risk Assessment report which concluded that the mutual...
AML/CTF and other legislation amendment bill 2019 introduced to federal parliament
The AML/CTF and Other Legislation Amendment Bill was introduced into Federal Parliament on the 17th...
Arctic Intelligence presents at the RegTech association’s RegTech edge showcase
Regulated entities often face a challenge when sourcing technology best suited to their business. The...
PayPal Australia ordered by AUSTRAC to have AML audit
AUSTRAC has ordered an external auditor be appointed by PayPal Australia to examine ongoing concerns...
Arctic Intelligence expands global reach with first North American client
Arctic Intelligence has expanded its global presence with the addition of its first North American...
Arctic Intelligence wins RegTech start-up of the Year
Arctic Intelligence has won the RegTech Start-Up of the Year award at the fourth annual...
Is Australia’s methamphetamine problem falling down the cracks (slight pun intended!)?
If you thought it was just Antarctica that has a major ice problem you’d be...
Concerns over use of spreadsheets to manage AML Compliance
In a recent industry presentation to risk and compliance managers in Australia by regulatory software...
Consultant case study: Aub Chapman consulting services
We invited AML/CTF consultant, Aub Chapman from Aub Chapman Consulting Services, to share his thoughts...
Is Excel really fit for purpose to run risk and compliance assessments?
Author: Anthony Quinn, CEO and Founder, Arctic Intelligence I am often asked by prospective banking...
Consultant case study: Initialism – AML Compliance solutions
Neil Jeans, Principal at Initialism and co-founder of AML Accelerate, shares how he uses AML...
Consultant case study: Clement advisory group
We invited AML/CTF consultant, Garry Clement from Clement Advisory Group, to share his thoughts on...
FMA NZ cracks down on non-compliant AML/CFT programmes
The Financial Markets Authority (FMA) has issued formal warnings to 10 reporting entities under Section...
FMA warns NZ companies they need to do more to comply with AML/CFT regulations
The Financial Markets Authority of New Zealand issued a stark warning for regulated entities in...
What NZ accountants need to know about implementing an anti-money laundering programme
If you are a public practice accountant operating in New Zealand, you are required to...
Imelda Newton joins Arctic Intelligence as business development manager
Arctic Intelligence is pleased to announce that Imelda Newton has joined Arctic Intelligence as Business...
Arctic Intelligence made #9 in planet compliance RegTech top 100
Arctic Intelligence has been selected by Planet Compliance for the RegTech Top 100, the list...
What does an anti-money laundering (AML) analyst do?
An anti-money laundering (AML) analyst or officer basically investigates, monitors and manages suspicious financial activity....
All you need to know about anti-bribery and corruption programs
What is bribery? Bribery is most commonly defined as “anything of value given, offered, promised,...
What is an anti-money laundering (AML) compliance program and what are you required to do?
To combat money laundering, terrorist financing and other financial crimes, it is critical for your...
What is anti-money laundering (AML) and who does it affect?
‘Anti-money laundering’ refers to all policies and regulations that are in place to prevent the...
Arctic Intelligence recognised in RegTech100 for 2019
Arctic Intelligence has been selected by RegTech Analyst for the RegTech100, the annual list of...
Arctic Intelligence partners with Deloitte to adopt a smarter approach to financial crime compliance
Arctic Intelligence, a regtech leader in regulatory compliance and risk management has signed a three...
Arctic Intelligence is rapidly scaling, market leading audit risk compliance platforms
Vedant Sangit, Co-Founder of Regtechtimes discussed the role of Regtech in AML space in Australia...
ASIC boosts support for regtech
ASIC is ramping its support for regulatory technology businesses or 'regtechs' in response to an...
Are financial crimes costing your business serious money?
In a world first, Australian compliance ingenuity and technology enables businesses to rapidly and affordable...
RegTech association ramps up with three appointments
The RegTech Association (RTA) has announced the appointment of a new CEO and two board...
AML Accelerate announces partnership with Asia Law Network
AML Accelerate is pleased to announce its partnership with the Asia Law Network, the only...
AML Accelerate announces partnership with Equifax
AML Accelerate is pleased to announce its partnership with Equifax, a global leader in information...
AML Accelerate announces partnership with the GRC Institute
AML Accelerate is pleased to announce its partnership with the GRC Institute to provide over...
AML Accelerate announces partnership with LexisNexis®
AML Accelerate is pleased to announce its partnership with LexisNexis to empower its customers to...
AML Accelerate announces strategic relationship with Deloitte
AML Accelerate is pleased to announce its strategic global partnership with Deloitte who have been...
Regtech still finding its feet, as banks and regulators do delicate dance
Australia's financial regulators gathered in the Market Street offices of the Australian Securities and Investments...
AML Accelerate launches a category defining AML/CFT compliance platform
Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) compliance requirements are being revised and...
The first step of AML/CFT compliance – understanding your ML/TF Risks
One of the main aims of New Zealand’s AML/CFT regime is the identification and management...
Australian banks reassessing risks amid unprecedented enforcement action: sources
In the wake of an unprecedented lawsuit against Commonwealth Bank of Australia for alleged compliance...
Narev sets aside $40m to combat dirty cash
Commonwealth Bank has committed to spending $40 million over the next 12 months in a...
Commonwealth Bank exploring upgrades to transaction monitoring software
Commonwealth Bank of Australia is considering using new software to improve the way it monitors...
Regtech gets a voice
The Regtech Association, launched late last week, is a first of its kind. It’s a...
Arctic Intelligence ranks 57th in the RegTech top 100 power list
Welcome to the RegTech Top 100 Power List: the most influential RegTech firms presented by...
RegTech Association launches with spotlight on growing eco-system
29th March 2017, Sydney, Australia. The RegTech Association will officially launch tomorrow with a high-profile...
Facing the Reg Tech wave in financial crime
Though it has been stated that regtech is the new fintech, it is different in...
Financial Crime Solutions provides online auditing tools to help businesses manage compliance and risk
Financial crimes like fraud, money laundering, bribery, and corruption only make it onto the average...
Key FATCA implementation challenges
In this podcast, Ross McGill from T-Consult speaks to Anthony Quinn from Arctic Intelligence to...
Stone & Chalk names resident startups
The Google-backed, Silicon Valley-based fintech start-up Ripple Labs, which is developing new payments transfer technology,...
Finally, Stone & Chalk has opened its Australian fintech hub
Australian fintech hub Stone & Chalk is finally underway, opening its new Sydney office and...
Founding residents of Stone & Chalk revealed
NSW Minister for Industry, Resources and Energy Anthony Roberts officially opened the not-for-profit fintech hub...
Stone and Chalk opens with hopes to accelerate fintech growth in Australia
Stone and Chalk, a new fintech hub that promises to help accelerate the development of...
FATCA: The final regulations have landed – let the games begin
In January 2013, the United States Treasury Department released the final regulations relating to the...
FATCA: Commencement date delay announced
On 24 October 2012, the Internal Revenue Service (IRS) released Announcement 2012-42 Timelines for Due...
FATCA: Spotlight on the model IGA
In February 2012, when the US Treasury Department issued the proposed Foreign Account Tax Compliance...
FATCA round-up
This article provides an update on the Foreign Account Tax Compliance Act (FATCA) as at...
FATCA: IRS announce extension to implementation dates
The Foreign Account Tax Compliance Act (FATCA) requires financial institutions to use enhanced due diligence...
FATCA: The saga continues (part II)
Over the past few months, there has been a flurry of FATCA activity – including...
FATCA: The saga continues (part I)
Since the proposed FATCA regulations were issued on 8 February 2012, there have been quite...
FATCA: Are we having fun yet?
Anyone who has been involved in designing, building, deploying or ultimately managing an anti-money laundering...