Posts Tagged ‘financial crime’
Global 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 MoreSeptember 2020 – note from CEO
Over the last month or so we have started to see some disparity emerging in the way in which international financial crime regulators are treating regulated entities where they identify breaches or material non-compliance with anti-money laundering and counter-terrorism financing laws. In the UK, the Financial Conduct Authority, which has historically been fairly active in…
Read MoreNews in brief – August 2020
The world in which we live has become a constant state of uncertainty so we wanted to provide you with actionable steps to fighting financial crime and assessing your risks. We are preparing a 3-part webinar series in partnership with Financial Crime Risk Management Consultants to discuss a pragmatic approach to financial crime risk management…
Read MoreBanking sector financial crime news
All that glitters is not Gold(man) OPINION: On 28 July 2020, Najib Razak the ex-Malaysian Prime Minister was convicted of all seven charges in the multi-billion dollar 1MDB scandal and received a 12-year jail sentence and a hefty £39 million fine. The US Justice Department believes that more than £3.5 billion was stolen from the…
Read MoreAugust 2020 note from CEO
In the last month or so there was so much media coverage of financial crime issues that I can’t recall a busier month this year. It is clear from the mainstream and social media coverage that there is growing public interest in financial crime and the important role that regulated financial and gaming companies have…
Read More27th July 2020 note from CEO
As we continue to watch the rapid acceleration of covid-19 both in Australia and overseas create wide-reaching impacts on our business and personal lives it is hard to see a return to anything that resembles business as usual anytime soon. As with any crisis there are always opportunists looking to make a fortune from others…
Read MoreNews in brief – July 2020
COVID-19 continues to take it’s toll on the global economy as the virus is spreading across different countries rapidly and continues to pave new avenues for financial criminals to take advantage of. Some countries have been able to manage the spread and are now enjoying the reprieve. There have also been recent financial crime breaches…
Read MoreMalta is at risk of being the first EU country to be grey-listed by Moneyval.
Following Malta’s fail grade in September 2019 of it’s anti-money laundering laws (AML/CTF) and their enforcement, Prime Minister Robert Abela has tried to reassure Members of Parliament (MP’s) and the public that he is confident they will pass the assessment due to take place in October 2020. The Malta Financial Services Authority (MFSA) CEO Joseph…
Read MoreCOVID-19 demise of cash: turning a threat into a technological opportunity
Opportunities Many Financial Crime articles and webinars are inadvertently conveyed an ancient proverb; “With every crisis there is opportunity”. Coronavirus crisis lands opportunity for both nefarious actors and compliance teams. Including those who rely on resources to build RegTech to collate, analyse, detect, investigate, and report, in an ever-trusting co-dependency of man and machine. COVID-19…
Read MoreMay 2020 note from CEO
One of the positives to come from COVID-19 is having a bit of extra time to reflect on everything that is going on in the world and to spend some time reading articles, listening to podcasts, tuning in to webinars and catching up with clients, colleagues and partners. Of the webinars I tuned in to…
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