Global organised crime is booming, and only 1 to 2 percent of the $4 trillion black economy is intercepted, according to figures from the Financial Action Task Force. Its new guidance suggests that countries should focus on rapid investigations, collaborative intelligence gathering, and confiscating the proceeds of criminal activity.
Technology
Posted inEurope
EU moves to simplify GDPR and AI Act obligations, raising compliance questions for companies
For the past decade, Europe has led in creating strong but flexible rules for data use and safe AI development. The EU’s new plans to simplify key data privacy and AI governance measures have received a mixed response.
Posted inData Privacy
U.K. data regulator pushes transparency on investigations while businesses seek clarity on compliance
Plans to increase transparency around how the U.K.’s Information Commissioner investigates and fines companies should give businesses more clarity, but experts say the regulator still needs to explain how it will prioritize cases.
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How Ethics & Compliance Teams Are Adopting Artificial Intelligence (AI) Tools
This survey will explore how ethics & compliance (E&C) officers are adopting and leveraging artificial intelligence (AI), particularly generative AI, within their programs.
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Driving Success Through Effective Change Management
Join us as we discuss how structured change management accelerates digital initiatives and ensures long-term success. In this session, we’ll explore proven strategies to enhance alignment, reduce resistance, and enable successful transformation.
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Hot Topics in Risk and Compliance: AI, Analytics, and Emerging Audit Technologies
Join experts from KPMG, Cisco, and Workiva as they explore how audit, accounting, and finance professionals can leverage a technology mix of data analytics, gen AI, and other tools to ramp up efficiency and strengthen control effectiveness.
Posted inRisk Management
The AI audit burden: Why ‘Explainable AI’ is the key
AI decisions are only defensible when the reasoning behind them is visible, traceable, and auditable. Explainable AI delivers that visibility, turning black-box outputs into documented logic that compliance officers can stand behind when regulators, auditors, or stakeholders demand answers.
Posted inTechnology
U.K. Cyber Security and Resilience bill set to regulate critical infrastructure suppliers
Suppliers to the U.K. critical infrastructure will face new regulations to ensure they are protected from cyberattacks. The Cyber Security and Resilience Bill, introduced on November 12, also raises penalties for breaches and expands regulator powers to label certain suppliers as critical.
Posted inTechnology
SEC dismisses SolarWinds case tied to 2020 cyberattack
The dismissal of charges against SolarWinds for alleged cybersecurity lapses related to a 2020 Russian cyberattack in 2020 are the latest in a continuing pattern of leniency for corporations by the Trump administration.
Posted inEthics & Culture
Rapid regulatory change requires investment in compliance processes in financial services firms
Geopolitical instability and a general focus on increasing growth and productivity by governments worldwide are causing a slew of regulatory changes in the financial services sector. But most firms are failing to identify potential compliance changes early enough to make meaningful decisions.