Case Study: Xinja establishes its AML Program with Arctic Intelligence's AML Accelerate

Xinja completes ML/TF risk assessment in a few hours with Arctic Intelligence

Xinja, an Australian digital bank, faced the challenge of meeting complex anti-money laundering and counter-terrorism financing (AML/CTF) regulations enforced by AUSTRAC. As a new entrant to the banking market, they needed to identify, manage, and mitigate financial crime risks while building a compliant AML program from scratch to compete with traditional banks. They turned to Arctic Intelligence and its AML Accelerate solution to address this.

Using Arctic Intelligence's AML Accelerate platform, Xinja completed a comprehensive ML/TF risk assessment in just a few hours. The solution then provided them with a tailored AML Program Manual, which served as a starting point that they could easily review and customize to their specific requirements. This process saved Xinja considerable time and money, enabling them to efficiently establish a robust and proportionate AML program.

Xinja