Neo Advisory and Arctic Intelligence to help digital currency and crypto asset service providers navigate AML/CTF

July 5, 2022

Neo Advisory links up with Arctic Intelligence to help Digital Currency Exchange Providers and Crypto Asset Secondary Service Providers navigate AML/CTF risk assessments

As crypto assets continue to intrigue and make waves across the globe, organisations like Neo Advisory exist to help these businesses navigate the accounting, administrative and business requirements within related jurisdictions. They have experts with experience across tax and compliance to ensure key deliverables are met for high-net-worth individuals and regulated entities. Neo Advisory services the Australia, New Zealand and Canadian markets.

As regulatory pressures evolve in this space, more organisations are enabling technology to adhere to their compliance obligations. In Australia, AUSTRAC requires businesses to comply with AML/CTF laws, which is often complex to achieve particularly for small businesses with limited in-house capacity and capability. As a result, this has driven an increase in RegTech adoption in the market particularly within organisations with an innovative mindset which enables partnerships such as Neo Advisory and Arctic Intelligence to flourish.

Neo Advisory specialises in crypto assets advising and has abundant experience in consulting with crypto asset clients on both compliance and operation aspects of their business. Neo Advisory works with many startup companies as well as foreign entities that would like to launch their crypto services in Australia.

“As a boutique advisory firm, we are always willing to embrace the possibilities provided by technology and are keen to include Reg-Tech into our service offering. Arctic Intelligence provides a great solution that can transform our clients’ regulatory compliance. It helps our clients to deal with the sharp increase in compliance catalysed by recent substantial waves of regulatory reforms. With Arctic Intelligence, we are better placed to advise our clients in a fast evolving regulatory compliance environment.“
Denise Liu, Co-Founder of Neo Advisory

Arctic Intelligence supports Neo Advisory’s corporate compliance services by providing enterprise-wide money laundering and terrorism financing risk assessment technology that is purpose-built to accelerate their way financial crime risks are managed. Arctic Intelligence is an award-winning global RegTech firm providing financial crime audit, risk and compliance software to hundreds of clients in a range of industries including crypto and fintech. Neo Advisory’s financial crime compliance services have been able to amplify their capability since the adoption of Arctic Intelligence’s technology.

“Aligning with a partner that works with innovative industries such as crypto enables higher growth for adoption of RegTech. These industries embrace innovation and foster a global centre of excellence to accelerate this industry. We are delighted to welcome Neo Advisory to our global partner alliance.”
Anthony Quinn, Founder of Arctic Intelligence

With proven efficiencies when conducting risk assessments, the smart workflow provides effective data-driven output. As Neo Advisory’s audience predominantly sit within financial services and in particular the crypto market, it is critical to be able to demonstrate a sound understanding of money laundering and terrorism financing risk assessment, build appropriate and proportionate control frameworks and demonstrate compliance.

Neo Advisory recognises that the AML/CTF risk assessment is a critical component of compliance for all financial services organisations. Their full range of consultancy services equips businesses for every stage of the business life cycle of a financial services provider.

The partnership with Neo Advisory enables its clients to accomplish the complex tasks associated with AML/CTF governance using purpose-built tools regardless of the size and complexity of the business. Neo Advisory can also conduct the AML/CTF enterprise-wide risk assessment for its clients. This means that clients can leverage the technology as their business scales. Together, Neo Advisory and Arctic Intelligence are collaborating to help reduce the economic and societal burdens of financial crimes one risk assessment at a time.