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News in Brief – April 2021
AFRICA 66-year old 'Hotel Rwanda' hero, Paul Rusesabagina has been detained in his home country and is facing a slew of terrorism-related charges that include murder and financing terrorismThe Corporate...
EU 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...
Customer 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...
What 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”,...
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 consultancies in the world PRESS RELEASE: Arctic Intelligence was chosen by PwC UK to enhance...
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 software in its first US Report issued by The Wealth Mosaic. The release also features...
Customer 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...
News in Brief – March 2021
AFRICA The Association of Bureau De Change Operators of Nigeria (ABCON) says 26 members have been arrested by security operatives, over alleged unlawful foreign exchange (FX) transactions by the Department of...
EU 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...
What 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...
Arctic Intelligence, global RegTech firm wins again.
Arctic Intelligence has been recognised by the A-Team Group as the most innovative data privacy project by design PRESS RELEASE – Arctic Intelligence, continues to be recognised globally by industry...
News in brief – February 2021
AMERICAS Trump's impeachment sparks claims that anonymous hedge funds, anonymous trusts, and anonymous real estate purchases are examples of anonymous money finding its way to he American political sector. Australian...
EU Update – February 2021
As Fraud in the UK is seen as a “Threat to National Security”, Judges limit Serious Fraud Office’s powers to investigate foreign companies. 2019/20 saw 3.7 million reported incidents related...
What we are hearing – February 2021
Following an 18 month public inquiry by the NSW Independent Liquor & Gaming Authority (ILGA) into the suitability to hold a gaming license at the $2.2 billion newly constructed site...
Customer Insights – February 2021
In this month's newsletter, we take a look at two new features in the latest release of AML Accelerate, recap some key features from the recent Risk Assessment Platform v1.8...
EU Update – January 2021
HMRC issues record £24million fine to MSB for anti-money laundering failures. Whilst this may not be significant when compared with fines issued by the likes of the FCA and FinCEN,...
What we are hearing – January 2021
Happy New Year everyone... As we closed the chapter in 2020 and opened a new one for 2021, organisations are faced with trying to manage their businesses in possibly the...
News in brief – January 2021
AMERICAS US Federal Agencies, Federal Bureau of Investigation (FBI), Department of Health and Human Services Office of Inspector General (HHS-OIG) and Centers for Medicare and Medicaid Services (CMS) warns of...
