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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...
Customer Insights – January 2021
Goodbye, 2020! Hello, 2021! We kicked off the year with a major update to the Risk Assessment Platform; our largest to-date. And work is underway on new features and enhancements...
Customer Insights – December 2020
Have you created your 2020 AML/CTF Program? If you have not yet reviewed and updated your AML/CTF Programs and ML/TF Risk Assessments for 2020, there is still time. With AML...
EU Update – December 2020
Vatican to revamp AML unit following the latest in a long line of scandals. The renamed Supervisory and Financial Information Authority (ASIF) functions include “supervision aimed at the prevention and...
What we are hearing – December 2020
As we near the end of 2020, a year that most would be happy to forget, this newsletter is focussed around some reflections on the year that was (not) and...
News in brief – December 2020
APAC The Financial Planning Association (FPA) believe that complying with the Privacy Act should be made a responsibility of all financial services companies, not just reporting entities who are subjected...
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 announce the world’s most innovative technology solution providers transforming compliance, risk management and cybersecurity. Arctic...
