The latest news about Legal and Financial Compliance, Information Governance, Blockchain, and Document Management
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- How to Identify Beneficial Ownership in a Not So Transparent World
- Dun & Bradstreet
Beneficial ownership transparency is in the spotlight, and many compliance experts believe 2017 was a turning point in achieving greater transparency at a global scale, especially in preventing tax evasion and corruption. Recent regulatory efforts of government and international agencies, such as the US FinCEN CDD final rule and the G20 Anti-Corruption Action Plan, have been aimed squarely at strengthening beneficial ownership transparency rules. However, the limited accessibility, reliability and timeliness of beneficial ownership data on legal persons and legal arrangements are still the bottleneck preventing many businesses from effectively mitigating credit risks and compliance risks related to financial crimes such as corruption, tax evasion, and money laundering.
- Vendor Landscape: Anti- Money-Laundering Solutions, 2017 –
- Digital Innovation and Stricter Regulations Reinvigorate the AML Market – For Security and Risk Professionals
Due to recent global terrorist attacks; corporate corruption; and worsening illicit markets such as drugs, guns, and human trafficking; governments realize the importance of countering criminal and extremist financing. Although anti-money-laundering (AMl) regulations have become much stricter, new digital payment options such as peer-to-peer payments, digital wallet, and virtual currencies have made compliance incredibly difficult. this report uncovers the vendor landscape of AML solution providers for transaction monitoring and watchlist management for S&R professionals.
- Governance, Risk, And Compliance Platforms, The 14 Providers That Matter Most and How They Stack Up
- The Forrester Wave™
In Forrester’s evaluation of governance, risk, and compliance (GRC) platforms, we identified the 14 most significant platforms in the category – eMc/RSa, enablon, iBM, logicManager, MetricStream, nasdaq BWise, navex Global, Protiviti, Resolver, Rsam, Sai Global, S&P,Thomson Reuters, and Wolters Kluwer Financial Services – and analyzed their offerings. this report details how well each vendor meets our 30 criteria and where they stand in relation to each other, helping risk management professionals select the right technology partner for their GRC program.
- Embracing the Information Explosion: Digital Communication Governance in Banking & Financial Services
- Forbes Insights
Digital communication is everywhere, occurring in ever-changing formats and generating unprecedented volumes of data. While email remains a dominant mode of communication, messages – both internal and external – are increasingly delivered through social media, mobile, and collaborative platforms. For banking organizations, digital communications represent both opportunity and risk. With mountains of data at their disposal, banks are poised to better serve customers, improve product development, and streamline internal information flows – if they know where to look. On the other hand, the exploding volume of information that must be managed using legacy infrastructure and outdated models makes governing digital communications more challenging than ever. This presents a dilemma to all regulated industries, and banks in particular.
- Providing your board with comfort on the accountability mechanisms operating in your company
- Chartered Secretaries Australia – Leaders in Governance
Accountability mechanisms – how to provide comfort to your board
Directors are expected to provide strategic guidance for the company and effective oversight of management. This goes beyond driving the bottom line and providing appropriate shareholder returns to encompass consideration of the economic, social and environmental ramifications of corporate activities as part of generating sustainable growth and opportunities for expansion as well as enhancing corporate reputation and market confidence.