Australian RegTech firm Arctic Intelligence recently outlined the seven key steps for an independent review of their AML/CTF program. Developing a strong AML/CTF compliance programme is pivotal for successful independent reviews. Essential components of this programme include coherent and integrated policies, logical and defendable risk assessments, competent employee training, established transaction monitoring systems, and board-level governance. A …

Alessa recently took the time to provide a full guide to suspicious activity reports and anti-money laundering measures. Suspicious Activity Reports (SARs) play a crucial role as an anti-money laundering (AML) measure across a multitude of financial and money service businesses. These reports are not only pivotal for ensuring financial security, but failing to appropriately file …