Posts Tagged ‘enterprise risk assessment’
ACAMS Australasia 2022 recap
OPINION: The Association of Certified Anti-Money Laundering Specialists (ACAMS) held its 2nd annual AML & Anti-Financial Crime Conference for Australasia in Sydney 21st and 22nd June 2022. Anthony Quinn, Founder of Arctic Intelligence attended the event and connected with many peers, regulators, industry leaders and risk and compliance professionals for the first time since the pandemic.…
Read MoreArctic 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: Global RegTech firm Arctic Intelligence have released their first Annual AML Industry Benchmark Report to help organisations understand the current state of financial crime risk…
Read MoreWhat 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 counter-terrorism financing (AML/CTF) obligations in Australia. The annual compliance report is a mandatory requirement and AUSTRAC may impose penalties on regulated entities that fail to…
Read MoreWhat 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 at Barangaroo, an investigation has begun on Crown Resorts following ongoing allegations that the casino facilitated large scale money laundering activities. The inquiry led by…
Read MoreGlobal RegTech firm Arctic Intelligence signs leading US-based consultancy as partner
Consultancy giant Computer Services, Inc. (CSI), elect global RegTech firm, Arctic Intelligence as a regulatory compliance solution provider for their risk management services 28 September 2020 – For 55 years, CSI has invested in innovative technology solutions and provided expert service to a global clientele. With the increasing importance of regulatory compliance across the globe,…
Read MoreAchieving AML/CTF compliance in the legal sector
OPINION: NEW ZEALAND DEPARTMENT OF INTERNAL AFFAIRS PUBLISH FINDINGS ON AML/CFT COMPLIANCE IN THE LEGAL SECTOR: On 21 July 2020, the New Zealand Department of Internal Affairs (DIA) published the findings for the legal sector (law firms and sole practitioners) on the compliance assessments that it had carried out between January 2019 and January 2020. …
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