How Risk Managers Benefit from Using Quality Data
When it comes to the data used for predictive modeling and risk management, you can’t afford to leave anything to chance. Risk managers today have an ever-increasing number of AI applications and risk management tools to improve risk visibility and expedite their...
How Risk Managers Benefit from Using Quality Data
When it comes to the data used for predictive modeling and risk management, you can’t afford to leave anything to chance. Risk managers today have an ever-increasing number of AI applications and risk management tools to improve risk visibility and expedite their...
The Changing Roles of Risk Managers in the Age of Data, Technology, and AI
Risk management is paramount to the upkeep and success of a business. To make sure you are staying compliant, you should continuously check all operations for potential pitfalls, like illegal trades or unsavory business partners or unstable prospects. But what...
Recent Regulatory Enforcement Show Need for Due Diligence
Alleged compliance breaches have led to combined fines and settlements worth hundreds of millions of dollars in Q2 of 2023. Regulators have taken enforcement action against companies over their activities in jurisdictions spanning four continents. In this blog...
Wolfsberg Principles on anti-bribery and corruption for financial services
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...
Stark reminder of the costs of compliance failure as US regulator fines telecoms firm after alleged Deferred Prosecution Agreement breach
A multinational telecommunications company has pleaded guilty to breaching the anti-bribery provisions of the US Foreign Corrupt Practices Act and must pay a $206 million penalty. In this blog, we look at the judgement by the US Department of Justice, and highlight...
Do the Values of Your Third Party Business Associates Align with Your ESG Commitments?
Environmental, social and governance (ESG) performance plays a critical role in how consumers, employees and investors are making business decisions. In fact, When Edelman released its 22 nd annual Trust Barometer this year, they found that 60% of employees and...
Our Tips for meeting the Four Key Trends in Risk and Compliance in 2022
The landscape of risk and compliance is always changing. In the last few months alone, there have been developments in global regulations for anti-bribery and corruption and due diligence, and major enforcement actions against companies who have allegedly failed...
Our Tips for meeting the Four Key Trends in Risk and Compliance in 2022
The landscape of risk and compliance is always changing. In the last few months alone, there have been developments in global regulations for anti-bribery and corruption and due diligence, and major enforcement actions against companies who have allegedly failed...
Timely Data Helps Refresh Due Diligence and Identify Risks as Sanctions Escalate
The sanctions landscape has undergone a swift change since February 21 st . as world leaders acted with unprecedented speed and resolve to the invasion of Ukraine. As the Center for Strategic & International Studies (CSIS) noted recently, the invasion “… galvanized...
6 Actions to Support Sustainable Development Goals (and the Advantages of Doing So)
The United Nations formally adopted what it calls its “2030 Agenda for Sustainable Development” in 2015. The UN invited corporations and companies of all sizes to join its member states in a collaborative effort based on, in its own words, “a shared blueprint for...