Are you confident your risk assessment and compliance program will protect your business and satisfy the regulator?
With government regulations and the sophistication of money laundering and other financial crime constantly changing, you may find your business exposed to criminal activity if you don't have adequate controls and processes in place.
Our audit, risk assessment and compliance software is regularly updated in response to changing regulations and industry best-practice. You can be confident that your business is protected, and your risk assessment and program is explainable and defendable to the regulator and your Board of Directors.
What are the benefits of using our solutions?
Which solution is right for your business?
If you need to conduct an anti-money laundering (AML) risk assessment and generate an AML program tailored to your business:
AML Accelerate is a cloud-based money laundering and terrorism financing risk assessment platform with a pre-configured, guided process designed to help you meet regulatory guidelines.
Designed by experts, the step-by-step comprehensive risk assessment process is tailored to your local legislation and industry. AML Accelerate includes libraries of risk factors and controls, breach and incident management, and is the central repository of evidence to support your risk assessment outcomes.
As regulations change, the product is updated and you receive alerts so you can be confident that your risk assessment and compliance program is up-to-date and defendable to regulators.
If your company has an existing risk assessment methodology that would benefit from the rigour of a central, consistent, and controlled environment:
The Risk Assessment is a cloud-based solution designed to help businesses identify, assess, mitigate and manage risks for money laundering, bribery and corruption, fraud, cyber and other risk domains.
The Risk Assessment solution allows you to leverage its in-built risk and control models, or import your existing risk methodology and content, to create scalable and repeatable risk assessments.
The platform is configurable, enabling you to conduct risk assessments, regardless of the risk domain. The end result is defendable risk assessment output that can be easily explained to regulators and your executive team.
If you need to perform compliance gap assessments and executive reporting on the effectiveness of your compliance program:
Health Check is a cloud-based solution designed to help regulated businesses and their advisers, assess the design and operational effectiveness of financial crime compliance programs, such as anti-money laundering, counter-terrorism financing, and anti-bribery and corruption.
The solution can be used ahead of formal independent reviews to assess potential compliance gaps in control design or effectiveness, and document an action plan. It offers a standardised and efficient way of managing compliance gap assessments and provides a full audit trail of the end-to-end process from data discovery, through to conducting the assessment, writing reports and analysing outputs.
Risk Management is a priority at Bendix and we understand the first step towards managing risk is having an efficient Risk Assessment program that identifies and assesses inherent risks posed by the environment in which the company operates and the products it deals in. We were on the search for a program that could support us in identifying risks under various categories, points towards risk control mechanisms, and documents the process for regulators. ‘AML Accelerate’ fitted the bill and we are glad we chose it for the purpose. In our opinion, the idea of software assisted Risk Assessment and Documentation is a revolutionary concept brought to fruition by Arctic Intelligence.
Chief Compliance Officer, Bendix Foreign Exchange and Payment Solutions
Very impressed with the technology and how easy it was to navigate. I did not have any prior training with the platform, however it only took a couple of pages to understand how it works.
Craigs Investment Partners
If you think compliance is expensive, try non-compliance. Paying for the right tools, systems and resources always pays off!
Legal & Compliance Officer, Unity Bank
Following a full compliance review, we selected the Arctic Intelligence AML Accelerate platform to assist us with our AML compliance. We needed an efficient and user-friendly way to keep on top of our in-house procedures, risk assessments and the ever-evolving regulatory responsibilities.
Chief Executive Officer, Castle Harbour Securities
Do you need the help of a consultant?
Our platforms are designed to be used by regulated businesses but many benefit from engaging the services of an experienced consultant to help them. Arctic Intelligence works with a diverse network of consultants, ranging from major firms, through to smaller independent consulting firms.