Risk & Compliance
69% of global companies predict financial crime risk will rise in the next year, according to the annual Kroll survey of bribery and corruption risk
A new survey of global executives shows that companies expect the risk of financial crime and regulatory enforcement action to rise in the next year. Firms are also prioritizing technology as a means to improving their compliance and due diligence approach . We look at what firms can learn from this report, and how Nexis ® Solutions can help firms to leverage data and technology to transform their financial crime risk...
2020 FCPA Enforcement Digest
FCPA Fines Skyrocket to New Heights, Signalling Continued Pressure on Anti-Bribery Corruption Risk Management Programmes So far, 2020 has been a year of extraordinary events. The COVID-19 pandemic shut down has led to the greatest global economic disruption in nearly a century. In combination with growing social unrest, the economic crisis has increased the risk of bribery, corruption, and other illicit activities....
Warning for European financial institutions as major new report warns money laundering and terrorist financing risks are not properly assessed and managed
A new report from the European Banking Authority (EBA) warns that payments firms and banks in the EU often insufficiently identify and manage the risk of money laundering and terrorist financing, despite the heightened risk of both within the sector. This blog looks at the report’s findings and suggests takeaways for firms, including the need for a comprehensive due diligence process which uses authoritative data and...