The compliance and risk landscape grows more complex each day, and the rate of change in the space is only accelerating.
In this exclusive eBook from Veriff, discover the current state of compliance surrounding fintechs.
Money laundering, cybercrime, corruption, trafficking: These are just a few of the many illegal activities that could be putting your business at risk, especially if you’re using outdated, manual processes.
Does your financial institution have the tools it needs to understand regulatory change and manage compliance? Managing the volume and complexity of regulatory change and understanding its impact on your institution requires more than inefficient manual processes.
Read CSI’s The Dangerous Intersection Between OFAC and Ransomware white paper to understand how OFAC violations and ransomware present an amalgamated threat to all U.S. businesses, and how to address this threat in order to limit its potential for grave financial harm.
The Board of Directors needs an answer before the current reporting period ends. Furtive harassment needs to be uncovered and countermanded immediately. A regulatory agency needs immediate assurance that internal procedures will suffice, otherwise a compliance investigation will be initiated. The CEO needs to know whether terms of the M&A ...
Subject rights requests can divert compliance and legal teams from delivering strategic value and safeguarding their organization from other sources of risk. In many organizations, DSAR/SRR processes are underdeveloped and the use of automation nascent, exacerbating time and resource challenges.
Organizations are asking more of IT, legal and compliance teams than ever before. They need to manage more data, from more data sources and they’re required to comply with an increasing number of e-discovery requests
Within the technology industry, many companies have been the subject of Foreign Corrupt Practices Act (FCPA) investigations. Companies that violate the FCPA often face substantial fines and reputational damage.
To uncover Americans’ top cybersecurity concerns, CSI partnered with The Harris Poll to survey more than 2,000 U.S. adults age 18 and above about their perceptions, fears and expectations related to cybersecurity.
The UK Online Safety Bill will legally oblige online service providers to swiftly remove illegal and harmful content. The UK Office of Communications (Ofcom), will be empowered to fine non-compliant organizations up to 10 percent of their qualifying revenue.
Organizations are asking more of IT, legal and compliance teams than ever before. They need to manage more data—from more data sources.
Read this white paper to learn the top KYC compliance challenges and how to create a modernized approach to meet KYC/IDV requirements.
Read this AML Compliance Guide to learn the five ways you can modernize your AML program to meet regulatory requirements and protect your institution and its customers from financial crime.
Every organization around the world has two things in common. First, they must follow the regulatory guidelines that govern their EHS operations. Second, those regulatory guidelines are becoming more numerous and challenging every year.
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.
Even though your deadline for complying may have moved out, it is time to start getting your organization ready to meet the new ASC 842 compliance standard for private organizations.
The digital economy has created a need in the world of software development to find new ways of delivering innovative software solutions and software updates faster than ever before. Development teams are—understandably so—increasingly using open source software.
Equipment leasing, when managed effectively, can offer a number of strategic financial and competitive benefits to your business.
Creating policies for data handling and accountability and driving culture change so people understand how to properly work with data are two important components of a data governance initiative, as is the technology for proactively managing data assets.
Compliance teams are under increasing pressure to reduce risk and drive financial crime out of their institutions with limited resources.
On July 3, 2020, quietly and with little fanfare, the Criminal Division of the US Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) released the 133-page Resource Guide to the US Foreign Corruption Practices Act, Second Edition (“the FCPA Resource Guide”).
Regardless of industry, companies have ample growth opportunities in today’s global economy—but with that growth comes an increasingly complex landscape of rules, regulations and compliance pitfalls.
Your company may be spending less on travel and entertainment expenses, but the risk of fraud and regulatory non-compliance is spiking. Without proper safeguards in place to manage T&E spend – a major operating expense – companies face costly consequences.
The New York Department of Financial Services (NYDFS) Cybersecurity Regulation, also known as 23 NYCRR 500, consists of rigorous cybersecurity rules for covered financial institutions like credit unions, banks and insurance firms.
Now more than ever, companies need strong data governance that can be applied across multiple repositories, apps, and devices, no matter where work gets done.
On June 1, 2020, the DOJ updated its Evaluation of Corporate Compliance Programs guidance document to reflect, as Assistant Attorney General Brian Benczkowski said, “additions based on our own experience and important feedback from the business and compliance communities.”
In today’s global economy, opportunities for growth are often accompanied by an increasingly complex landscape of rules, regulations and compliance issues. Since compliance is now a component of everyday business operations, businesses must employ a strategic, holistic program with several key components, including customer risk profiling.
White paper: Future-Proofing Corporate Data Privacy: Budgeting and Solutions to Address Tomorrow’s Compliance Challenges
Over 500 corporate data privacy leaders were surveyed to understand the solutions, strategies and budgets companies have planned to address data privacy challenges in the coming year.
The new lease accounting standards – ASC 842, IFRS 16 and GASB 87 – impact companies of all sizes and industries.
The COVID-19 pandemic has introduced us to a new reality. Every aspect of business has been impacted—from supply chain operations to risk measurement to stakeholder communication.
Traditional compliance training methods are no longer effective at reaching today’s employees. As a compliance professional, you need new methods to ensure employees engage with and retain your compliance communications.
How does the skillset of the modern compliance professional need to evolve for the function to be successful? Senior industry leaders from the financial services and regulatory community offer their insight.
Choosing the wrong solution for your lease accounting needs has huge implications for your business, including risking inaccurate lease financials. You’ll want to select a comprehensive solution to manage your leases, and our Buyer’s Guide can help you do just that.
What are the biggest obstacles to sanctions compliance? CSI’s 2020 Sanctions Compliance Report examines challenges and provides a resource-maximizing roadmap to help organizations implement an effective sanctions compliance program.
Reduce document sprawl by automating your file request, sharing, and tracking processes
Influencing behavior is an ongoing challenge in compliance. Much of human behavior is the playing-out of patterns of neuro-associative responses to stimuli in our environment that are repeated and, eventually, become habitual.
Measuring compliance against third-party risk management requirements is complex and time consuming; and with growing numbers of data breaches originating with third parties and all the regulatory activity that comes as a result, it never lets up.
We can all agree that most check-the-box compliance training is less than exciting. Actually, most of it is the opposite of exciting; it’s beat-your-head-on-the-desk boring. Venture outside of the box and add a few laughs.
White paper: Enforcement Actions: Monitoring Trends, Regulatory Complexity, and Best Practices for Risk Management
Learn how financial compliance, risk, and crime professionals can efficiently track and monitor the growing number of enforcement actions and current trends in Compliance.ai’s latest eBook.