New Wolfsberg Principles warn global banks of the risk factors that require Enhanced Due Diligence on a wide range of data
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...
How to Use Big Data Analytics in Finance
The finance industry is up against massive challenges as 2023 shapes up to be a tumultuous year for the market. The closure of Silicon Valley Bank signaled another big fall in trust, and businesses are scrambling to make sure that they’re providing security and...
Key Trends in Risk and Compliance in 2023
We are already more than halfway through 2023, so if your business isn’t up to date on all the newest trends and shortcuts in the realm of risk mitigation and compliance, suffice it to say you’re falling behind. This year, there is an even greater push on ESG...
Is the Whole World Marching Toward Mandatory Supply Chain Due Diligence?
As the world has changed, so have requirements for managing business risk. Supply chains have grown more complex and less transparent. Negative news spreads like wildfire across myriad media channels. And governments—including the EU, UK and US—have upped regulatory...
Discover the four global trends driving increased money laundering risk in 2023 in our new White Paper
Identifying and mitigating money laundering risks is among the most important compliance tasks for any financial services company. Yet, in 2023, four trends are making this task harder than ever before, while ever-strengthening legislation across the world increases...
Choose the Best Due Diligence Tool for Your Business
At the 2020 World Economic Forum, Kevin Hewitt, Chairman of the EMEA region of FTI Consulting, shared survey results of 2,200 executives from private and publicly traded companies across all G-20 countries. The topic? Risk and resilience. In what now feels like...
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...
4 Uses for Text-Based Data that Turns Insurance Market Intelligence into Valuable Insights that Enhance Decisions Across Your Business
A McKinsey article on use of AI in the nsurance industry calls data and analytics capabilities “table stakes” in the sector in Europe and North America. The article notes that “External data are the ‘fuel’ that is unlocking the value of artificial intelligence...