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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...
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 partners with Deloitte to adopt a smarter approach to financial crime compliance
Arctic Intelligence, a regtech leader in regulatory compliance and risk management has signed a three year partnership with Deloitte to help organisations globally manage their financial crime risk and exposure....
ASIC boosts support for regtech
ASIC is ramping its support for regulatory technology businesses or 'regtechs' in response to an overwhelming number of organisations expressing frustration over complex compliance burdens. The corporate watchdog recently announced...
Are Financial Crimes Costing Your Business Serious Money?
In a world first, Australian compliance ingenuity and technology enables businesses to rapidly and affordable audit and assess their risk exposure to financial crimes and then deliver actionable recommendations to...
The first step of AML/CFT compliance – understanding your ML/TF Risks
One of the main aims of New Zealand’s AML/CFT regime is the identification and management of money laundering (ML) and terrorist financing (TF) risks. The first recommendation within the Financial...
