Risk Management

The Egmont Group of Financial Intelligence Units issued its latest Communiqué resulting from its meeting in Monaco last week. Its focus: terrorist financing. The heads (or their designated representatives) of 102 FIUs convened a meeting of its governing body to discuss how the Egmont Group could positively respond to this increasing threat, adopting several new recommendations and initiatives.

LockPath, a provider of governance, risk management and compliance (GRC) solutions, is providing additional functionality for its multinational enterprise customers with Version 4.3 of its Keylight GRC platform, through a multilingual user interface and increased flexibility and performance.

SafeBreach, a breach validation firm, last month officially announced the company and the general availability of its platform. Founded by former LivePerson CSO Guy Bejerano and renowned security researcher Itzik Kotler, SafeBreach enables any size organization to precisely and continuously quantify the risk of breaches from specific attack scenarios, harden infrastructure, and achieve greater return on investment from current security investments.

PwC has appointed three new partners to its risk assurance practice. Details inside.

Property and casualty insurance company Chubb this week announced the launch of a new partnership with claims and crisis management provider Crawford & Company, as Chubb continues to invest in building its cyber enterprise risk management capabilities.

NICE Actimize, a NICE Systems business and a provider of financial crime, risk and compliance software for the financial services industry, announced the launch of its new Actimize Notifications & Attestations compliance and policy management solution. The solution allows compliance professionals to monitor regulatory compliance, to gain better oversight of compliance teams, and to enhance the quality and resolution time of investigations.

Bloomberg this month announced that it has acquired the intellectual property, patents, and engineering assets of Netbox Blue, a global provider of social media risk management and compliance solutions. The acquisition  extends Bloomberg Vault’s surveillance, e-Discovery and information governance tools to help clients monitor and control the use of social media and online collaboration applications.

Exiger, the global regulatory and financial crime, risk and compliance firm, has appointed Jake Scrivens as managing director to lead the firm’s Hong Kong office.

Kroll, a risk mitigation, compliance, security and incident response solutions provider, this week announced the appointment of five new managing directors, enhancing the company’s leadership team across the globe. The appointments became effective Jan. 1, 2016.

Marsh, an insurance brokerage and risk management firm, has appointed Jim Holtzclaw as senior vice president of cyber-security consulting and advisory services at Marsh Risk Consulting (MRC). In his new role, Holtzclaw will work with a team of experts to implement MRC’s cyber-security consulting strategy, capabilities, and services in North America and support international client projects.