Robust GRC platforms that facilitate vital GRC strategies require well planned and executed implementations. However, the process of implementing innovative GRC platforms in an integrated and synchronized manner is sometimes mismanaged or poorly aligned to your business objectives - leading to pain points that can be crippling to the success ...
The Anti-Money Laundering Act of 2020 (AMLA) is intended to improve transparency between financial institutions and regulators in an effort to streamline financial crime compliance.
The Office of Foreign Assets Control (OFAC) imposed $5.7 billion in penalties from 2006-2020. And every year, the U.S. Treasury Department casts a wider net of OFAC violations, ensnaring everyone from unwitting small businesses to sophisticated corporations.
Although crucial to the success and safety of customer onboarding, implementing and maintaining a successful KYC program can sometimes create an overwhelming administrative burden. Additionally, navigating manual verification methods is costly and prone to inaccuracy, creating greater risk of customer turnover and lost revenue.
This guide will help you better understand the choices before you, no matter if your organization hasn’t even cracked the seal on third party cyber risk management.
CyberGRX and Ponemon Institute surveyed 581 IT security and 302 C-suite executives to determine what impact digital transformation is having on cybersecurity and how prepared organizations are to deal with that impact.
Serving a vital purpose for the U.S. financial system, the Bank Secrecy Act (BSA) protects its individual members from being used to finance illegal activity. But at 50 years old, its ability to achieve that purpose has not kept pace with an ever-evolving world, as the law remains largely unchanged ...
The financial services industry is a leading target for cyber criminals because there’s more than one way one way to profit from an attack.
Four in 10 compliance professionals have experienced discrimination in the workplace at some point during their career, according to a recent survey by the International Compliance Association.
In 2020, companies are experiencing new dilemmas regarding compliance. With COVID-19, millions of workers have shifted from working in an office space — an employer-controlled environment — to working from home offices.
Companies would be wise to start evaluating their environmental, social, and governance practices under the new presidential regime, especially with confirmation the Securities and Exchange Commission is planning to increase its expectations of public companies to assess and disclose climate-related risks.
Congress has passed a defense bill that contains amendments with big ramifications for AML, including new requirements around beneficial ownership and a new Bank Secrecy Act whistleblower program at the Treasury.
A recent survey from Compliance Week and Skillsoft of 180 compliance, risk, and audit professionals asked the question: “What’s your back-to-office plan, and does it work for you?”
This e-Book from Compliance Week and Diligent explores results from the recent survey, “Automated entity management greatly reduces compliance risk.”
This free e-Book considers five questions that can help when designing immersive financial crime training scenarios for learners.
This e-Book, from Compliance Week and Guidehouse Inc., explores how the adoption of machine learning in fighting financial crime will likely explode as technology solutions become more effective and efficient—driven by work-stream prioritization, product maturity, and refinement of implementation processes.
Risk and compliance leaders in financial services should download this e-Book from CW and WorkFusion for better “Know Your Customer” oversight.
This e-Book has the results of a recent joint survey between Compliance Week and Workiva, which show companies could benefit from the IIA’s updated Three Lines Model—especially in light of the pandemic.
The United Kingdom has become the second country behind the United States to issue guidance for companies in the maritime shipping industry helping them ferret out suspicious or illicit practices used by those hoping to evade sanctions.