Case Study: Unity Bank strengthens AML compliance with Arctic Intelligence’s AML Accelerate

Unity Bank - Customer Case Study

Unity Bank, a member-owned bank serving members and their families across Australia, needed a better way to keep up with existing and new AML obligations. To address this challenge, it turned to Arctic Intelligence and its AML Accelerate (AMLA) solution to improve how it understood and documented its money laundering and terrorism financing risk profile.

With Arctic Intelligence’s AMLA, Unity Bank can now conduct deeper risk assessments, generate an AML program manual, and produce reports for its Board. The platform is used across the bank for assessments such as new product channels and mergers, with secure storage, easy access to information, and regular regulatory updates, helping Unity Bank demonstrate to AUSTRAC that it has taken “reasonable steps” to meet its obligations.

Unity Bank