Exploring DORA: 5 Takeaways for Firms in the Final Countdown to the New EU Regulation
The EU’s Digital Operational Resilience Act (DORA) will apply to a broad range of financial companies in Europe from 17 January 2025. The new regulation aims to strengthen the IT security and resilience of firms and, as a result, the broader financial sector. It...
Navigating Financial Risk in a Fluctuating Economy
The global economy in 2024-25 is characterized by fluctuations in inflation, material costs and growth rates across different jurisdictions. Only organizations that can identify and manage these risks will be able to successfully navigate this challenging economic...
What the Updated Wolfsberg Principles Mean for Financial Due Diligence
The Wolfsberg Principles are widely regarded as authoritative guidance for how financial institutions should respond to the rising risks of bribery and corruption. New guidance has recently been released for the first time in six years. We unpack its main recommendations...
The reputation revolution: how technology has transformed adverse media screening to surface more relevant results while reducing staff time
Adverse media screening has become an essential part of a company’s risk management process, both while onboarding third parties and customers and throughout the relationship. In recent years, technological developments have made screening even more effective and...
The reputation revolution: how technology has transformed adverse media screening to surface more relevant results while reducing staff time
Adverse media screening has become an essential part of a company’s risk management process, both while onboarding third parties and customers and throughout the relationship. In recent years, technological developments have made screening even more effective and...
Five things for your company to think about to transform its risk management with effective adverse media screening
Adverse media screening can transform a company’s reputation risk management operation and drive new business opportunities. But amid heightened risks of online misinformation, a careful strategy is required to implement an effective adverse media screening process...
Top 5 Ways Financial Services Teams Are Using Generative AI
There’s no doubt about it. Generative AI promises to transform how financial institutions conduct analysis, research markets, and serve clients. While there will always be a need for human oversight and ingenuity, using AI can make everything more efficient for...
Top 5 Ways Risk Management Teams Are Using Generative AI
As risk management becomes increasingly data-driven, generative AI is emerging as a game-changing technology for risk teams. This is great news for you as a risk professional because it enables you to automate repetitive tasks so you can focus on higher-value analysis...
Four Regulatory Enforcements Against Alleged Third Party Compliance Failures
Global companies have been fined hundreds of millions of dollars for alleged compliance breaches in the last year. Whether the allegations against them related to bribery and corruption or breaches of new human rights due diligence legislation, a recurring theme...
What the Ukrainian War Has Meant for Third Party Risk Management
From Stricter Sanctions to Broken Supply Chains: What the Ukrainian War has Meant for Third Party Risk Management February 2024 will mark two years since the latest conflict in Ukraine began. As well as its tragic impact on so many lives, the war has also brought...
AML Fines are on the Rise. Here’s How to Avoid Them
Anti-money laundering fines are up by 50%. Here's how your company can avoid being next Avoiding a breach of Anti-Money Laundering (AML) regulations–and the fine that follows–should be a priority for any company in 2023. The financial costs of a compliance failure...
Five AML Fines and Lessons
What Companies Can Learn From 5 Recent Fines by Global Regulators for Alleged Money Laundering Alleged breaches of Anti-Money Laundering regulations are leading to increasingly large fines against companies, as we have shown over the course of this AML Risk series...
How Companies Can Spot Money Laundering Before the Fine
Prevent and Detect: How Companies Can Spot Money Laundering Before the Fine Companies are receiving ever larger fines for allegedly breaching anti-money laundering regulations–in fact, the total fines issued globally in 2022 was 50% higher than in 2021. As well...
Seven Ways Companies Can Effectively Respond to the Global Spread of New Anti-Money Laundering Regulations
In the last blog in our AML series , we outlined the major developments which are driving rapid regulatory changes across the world. Today, we are going a step further by suggesting seven ways companies should respond to these emerging regulatory risks. Implementing...
The Four Major Developments Every Business Should Know About Anti-Money Laundering Regulations
Anti-Money Laundering regulations have changed rapidly in recent years–from Switzerland to Singapore, from Brazil to Bahrain. Building on our whitepaper, ‘AML Compliance: A Global View’, we identify and summarise four major developments which are driving regulatory...