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Arctic Intelligence |

News in Brief – July 2021

Americas The Internal Revenue Service (IRS) is cracking down on crypto-asset tax evasion with virtual currencies and non-fungible tokens. Although designed to be invisible, this scrutiny also aims to identify...
Arctic Intelligence | Customer Insights July 2021

Customer Insights – July 2021

July was full of updates, with the Risk Assessment Platform updated to v1.10, recent regulatory updates from DIA incorporated into the AML Accelerate AML Policy template and CDD Standards template,...
Arctic Intelligence | ACAMS Australasia 2022 Recap

News in Brief – June 2021

AMERICAS Stephen Calk, founder and former CEO of The Federal Savings Bank, is being prosecuted in New York for bribery. He is accused of approving multi-million dollar loans to fund...
Arctic Intelligence | EU Update - April 2021

EU Update – June 2021

The FCA recently sent a strong worded Dear CEO letter in relation to Financial Crime The letter covers several areas where the FCA are continuing to see firms failing to...
Arctic Intelligence | Customer Insights June 2021

Customer Insights – June 2021

This month we updated the AML Accelerate Australian AML Program/Policy template to incorporate recent reforms to the AML/CTF Act, meanwhile, the Risk Assessment platform introduces a new Fraud risk model....
Arctic Intelligence | Arctic Intelligence x Hazton Risk Consultancy Announcement

Dear CEO… FCA address repeat compliance failings

The FCA recently sent a strong worded Dear CEO letter in relation to Financial Crime. The letter covers several areas where the FCA are continuing to see firms failing to...
Arctic Intelligence | What we're hearing - May 2021

What we are hearing – May 2021

It’s been another big month of financial crime news… In Europe, the largest mafia trial in 30 years is under way with 350 defendants including politicians and public officials.  The...
Arctic Intelligence | Customer Insights - May 2021

Customer Insights – May 2021

Enterprise-wide risk assessment solution Risk Assessment v1.9 is now live with exciting new features and quality of life improvements to the platform. Thanks to our wonderful community of users who...
Arctic Intelligence | News in Brief - May 2021

News in Brief – May 2021

AFRICA Ghana expected to be removed from the EU money laundering watch list following a meeting with the President of the European Council, His Excellency, Charles Michel and President Nana...
Arctic Intelligence | AML Benchmark Report 2021

Arctic Intelligence provide financial crime professionals an AML Benchmark Report

Arctic Intelligence found that 1 in 4 risk & compliance professionals believe rolling out and managing the enterprise risk assessment process across their teams is challenging – risky! PRESS RELEASE:...
Arctic Intelligence | Neo Advisory choose Arctic Intelligence to help clients with AML/CTF risk assessments

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...
Arctic Intelligence | EU Update - April 2021

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...
Arctic Intelligence | Arctic Intelligence Named Top 10 Innovators in Risk Management

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...
Arctic Intelligence | Money laundering reform recommendations

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 | Risk Assessment Platform (RAP) Enhancements June 2022

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...
Arctic Intelligence | Tranche Two AML/CTF increased transparency bill

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...
Arctic Intelligence | Customer Insights July 2021

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...
Arctic Intelligence | De-risking and FinTechs

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...
Arctic Intelligence | AML insights that help set global standards in compliance

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...
Arctic Intelligence | AML/CTF regulation for lawyers

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...