Tags Risk assessment

Tag: risk assessment

A deep dive into the EU’s new AML package

The European Union (EU) has made a significant leap forward in the fight against money laundering and terrorist financing with a provisional agreement on an anti-money laundering (AML) package. This agreement, pending full approval, is set to fortify the EU's financial system and protect its citizens by introducing sweeping changes across various sectors.

Navigating AI hype: Precision LLMs transforming risk management

In the rapidly evolving sectors of finance and governance, managing risk amidst vast, global networks of individuals and organizations is crucial. Leaders tasked with overseeing institutional risk exposure are increasingly looking towards innovative solutions to balance growth and risk management effectively.

The critical role of risk assessment in preventing financial crime

In the rapidly evolving financial services industry, the importance of effective risk assessment is often overlooked.

Transforming compliance reporting: how automation empowers CCOs and boards

Compliance automation is a game-changer in how chief compliance officers (CCOs) present crucial regulatory compliance information to board members. This technological advancement not only makes compliance processes more efficient but also equips board members with vital knowledge for informed decision-making.

ML and TF: The guide to safeguard your firm against financial...

RegTech firm Arctic Intelligence recently took the opportunity to provide a guide into assessing the impact of ML and TF on your firm. 

Mitigating financial crime: A closer look at adverse media screening

Adverse media screening has become an integral component in the finance industry, especially in relation to Anti-Money Laundering (AML) compliance. RegTech company Alessa recently delved into why financial institutions should care about adverse media screening. 

Why AI has a transformative role in decoding beneficial ownership structures

The role of AI has ballooned in recent years, and the recent introduction of GenAI platform ChatGPT has seen the sector soar further.

Arctic Intelligence, Fintelekt join forces to fortify Asia Pacific’s financial ecosystem

Arctic Intelligence has formed an alliance with Fintelekt Advisory Services, a renowned provider of AML/CTF training and advisory services.

Money laundering concerns in the EU: EBA’s plan for boosting AML/CFT...

In a recent post by Fenergo, the company outlined how a recent report by the EBA is changing payments in the European Union. 

Australia’s fight against financial crimes: Arctic Intelligence’s CEO pushes for AML/CTF...

The Attorney General’s Department (AGD) in Australia initiated a public consultation on 20 April 2023 to discuss proposed reforms to the country’s anti-money laundering and counter-terrorism financing (AML/CTF) regime. These potential changes aim to broaden the current AML/CTF legislation to cover 'tranche-two' high-risk sectors including lawyers, accountants, real estate agents, company service providers, and dealers in precious metals and stones.

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