Arctic Intelligence unveils AML survey to gather global industry insights

Arctic Intelligence has released its 2022 AML Insights Survey with the aim of gathering data from financial crime risk and compliance professionals worldwide.

According to Arctic, the focus of the survey is to understand how organisations are conducting their money laundering and terrorist financing governance. The survey, the firm claims, looks into the intricacies of the risk assessment – something Arctic believes to be the ‘cornerstone of every AML and CTF risk management programme’.

The company said, “An often laborious task which consists of hundreds of spreadsheets, the AML/CTF risk assessment helps businesses to simply understand their AML risks and demonstrate compliance with award-winning technology.

“Increased market demand and innovative regulatory technology have since evolved the lengthy risk assessment process into a more efficient and effective solution. This technology can be adopted by regulated entities such as fintech start-ups to larger financial enterprises. Arctic Intelligence delivers pragmatic insights that will standardise the approach to AML/CTF and help to provide businesses with best practices.”

Arctic cited its unique approach to providing business-wide risk assessment solutions, delivering regulatory updates and country risk ratings as well as analysing and reporting on global quantitative and qualitative data puts them ‘on the forefront’ of innovation and social responsibility in the fight against financial crime.

For the survey, Arctic has invited risk and compliance professionals to participate for free access to the comprehensive version of Arctic Intelligence’s AML Benchmark Report, which is due in May 2022. Arctic noted that this exchange will help organisations gain key insights and help to identify key areas for improvement. Participation for the survey will conclude towards the end of April.

In addition, Arctic has invited partners globally to participate in the analysis of their aggregated data. This, the firm claims, will include commentary on location, industry and organisation-based data from specific regions to provide AML risk and compliance professionals a local perspective. Arctic noted this is a first for the company.

Arctic Intelligence CEO Darren Cade said, “Delivering a gold standard in combating financial crime globally is crucial. As the economic, environmental, political and commercial landscape changes, so should the evolution in processes and technology. Our global network and strategic alliances are growing to enable businesses to perform risk assessments with leading technology and expert content. This combined effort along with our annual AML Benchmark Report can help businesses achieve compliance.”

To take part in the survey, click here.

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