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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 October 2019. “The bill is the next phase of the government's reforms to bolster our...
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 RegTech Association designed the RegTech Edge program to help address this challenge. RegTech Edge provided...
PayPal Australia ordered by AUSTRAC to have AML audit
AUSTRAC has ordered an external auditor be appointed by PayPal Australia to examine ongoing concerns regarding PayPal Australia’s compliance with the AML/CTF Act. In the next 120 days, the appointed...
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 client, Bendix Foreign Exchange and Payment Solutions. With operations in Canada and USA, Bendix Foreign...
GRC Institute Podcast with Anthony Quinn: Explainability & Defendability
Arctic Intelligence CEO and founder, Anthony Quinn, speaks with Kwame Slusher, Editor at GRC Institute about 'explainability' and 'defendability' in the context of AML/CTF risk and compliance frameworks. https://www.professional.org.au/single-post/2019/07/31/Explainability-Defendability
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 FinTech Awards 2019. The award was given to Arctic Intelligence in recognition of its industry-leading...
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 wrong, Australia is facing an ice problem of epidemic proportions. After reading recent articles over...
Concerns over use of spreadsheets to manage AML compliance
In a recent industry presentation to risk and compliance managers in Australia by regulatory software provider Arctic Intelligence, an audience poll revealed 54% of respondents listed reliance on spreadsheets for...
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 and consulting clients to help them justify why they should adopt RegTech and not continue...
Fintelekt Podcast with Anthony Quinn
Arctic Intelligence CEO and founder, Anthony Quinn, speaks with Shirish Pathak, Managing Director of Fintelekt, about the need for conducting comprehensive AML risk assessments by financial institutions. https://soundcloud.com/user-936602606/fintelekt-podcast-anthony-quinn
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 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). The FMA...
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 its recently published Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) 2018 Monitoring Report. Given...
Businesses need to assess money laundering risk more frequently
In a recent industry presentation to credit unions and mutual banks in Australia, by Arctic Intelligence, a provider of financial crime prevention audit, risk and compliance software, an audience poll...
Arctic Intelligence warns many Australian businesses may be vulnerable to financial crime
Arctic Intelligence, a market-leader in financial crime prevention audit, risk and compliance software, warned today that many Australian businesses may be unaware that their internal risk assessment processes do not...
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 comply with the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) obligations outlined in...
Imelda Newton joins Arctic Intelligence as Business Development Manager
Arctic Intelligence is pleased to announce that Imelda Newton has joined Arctic Intelligence as Business Development Manager in Sydney. With more than 20 years’ experience in the financial services technology...
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 of 100 of the world’s most influential RegTech companies. The RegTech Top 100 list, produced...
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. They are key personnel within a business to ensure all AML requirements are strictly followed,...
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, accepted, requested or authorised with the intent that a person who is trusted or expected...
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 business, company, organisation or entity to develop an anti-money laundering compliance (AML) program. An AML...
