Articles

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Is Your Company Future Ready?

With the emergence of the COVID-19 virus and social unrest, most organizations face an uncertain future. There are exciting market opportunities as well as emerging threats. Protiviti’s Jim DeLoach asserts that, with disruptive change the norm, directors and executives must ask a fundamental question: “are we future ready?” “Future ready” is a term that takes...

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Reassessing the GRC Industry Outlook Well Into 2020

With normal, day-to-day business processes interrupted and organizations increasingly adopting cloud infrastructure services, the GRC landscape is rapidly changing. LogicGate CEO Matt Kunkel offers predictions based on changes he’s seen within risk and compliance management this year. Things in governance, risk, and compliance (GRC) change really quickly. And if you throw in the fact that...

AlixPartners Announces 2020 Global Anti-Corruption Survey

AlixPartners Announces 2020 Global Anti-Corruption Survey

Survey respondents express lack of confidence in anti-corruption programs and due diligence processes; one-third of respondents say aspects of remote working will increase corruption risk NEW YORK (September 22, 2020) – AlixPartners, the global consulting firm, today released its annual Global Anti-Corruption Survey, which focuses on the challenges faced by global businesses when managing corruption...

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The Makeup of a Great Woman in Compliance

In her role as co-host of the Great Women in Compliance Podcast, Mary Shirley has met a lot of the greats. Here, she offers perspective on what it is that sets these women apart. (And stay tuned for the Great Women in Compliance book, due out this fall, from Mary and Lisa Fine!) Over the...

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New ICA Program Looks at the Initiatives Leading Compliance Into the Future

The International Compliance Association (ICA) and ITN Productions Industry News have co-produced “Compliance: the new decade” a series of reports addressing the role of the compliance professional and the latest insights, challenges and opportunities for business growth. Anchored by Michael Underwood, the new-style program will explore the vital role of regtech in accelerating compliance efficiencies;...

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Evolution of Dynamic Biometrics: Disrupting the Fraud Prevention Landscape

In the last six months, practically everything has gone digital, creating a mountain of new digital data for fraudsters to mine. Sujata Dasgupta discusses the rise in dynamic-biometrics-based identity verification, the next step in fraud prevention for the financial services industry. The world today is powered by digital technologies, from financial services to health, entertainment,...

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IsoMetrix Releases New Solution To Manage ESG Risks

The centralized offering eliminates the burden of ESG reporting and provides a complete view of the organizations’ performance ATLANTA (September 16, 2020) – IsoMetrix, a global EHS software leader, today announced the launch of a new environmental, social and governance (ESG) solution. Designed to help organizations effectively understand and manage their ESG performance, the solution...

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Nasdaq Launches AML Investigation Technology

Nasdaq Automated Investigator to address gap in anti-money laundering (AML) investigations process NEW YORK (September 16, 2020) – Today, Nasdaq (Nasdaq: NDAQ) announced the launch of the cloud-deployed Nasdaq Automated Investigator for AML, the first automated solution for investigating anti-money laundering (AML) for retail and commercial banks and other financial institutions. Designed, built and offered...

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The OCC Guidance for Cryptocurrencies

The OCC’s latest guidance on cryptocurrency marks a major step forward. Brandi Reynolds explains what Interpretive Letter 1170 means for banks and the benefits it promises for the world of cryptocurrency. On July 22, 2020, the Office of the Comptroller of the Currency (OCC) established Interpretative Letter 1170, which clarifies the national banks’ authority to...

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New Report Unveils the Most Vulnerable Sectors and Departments to Phishing Attacks

Cyberattacks cause great harm to the business world due to their evolving nature, and it is expected that cyberattacks will cost businesses $6 trillion worldwide next year. Keepnet Labs reveals its latest research on the most vulnerable sectors and internal departments affected by cyberattacks. While cyber attackers chase down system vulnerabilities and valuable data each...

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How the EU Can Usher Its Financial Firms into the Modern Era

Behavox’s Alex Viall explores differing views toward adopting cloud-hosted software by financial services companies in the U.S and EU. Alex examines regulatory and cultural differences, predicts consequences, and suggests an alternate path forward for an industry always striving to remain competitive. Over the past decade, software-as-a-service (SaaS) solutions have become all the rage. Or so...

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Critical Lessons from the Volkswagen Scandal

Volkswagen has paid dearly for the ethical shortcomings that led to “Dieselgate.” But has VW learned from the scandal? With the FTC recently filing the final court summary on the case, Michael Toebe reflects on the crisis that leveled the company’s reputation. Volkswagen’s good name has been tarnished regularly in the media in the last...

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QuantaVerse Enhances Financial Crime Investigation Report Tool

New technology and efficiency enhancements further differentiate QuantaVerse’s Financial Crime Investigation Report QuantaVerse leverages interpretable machine learning to enrich AML risk determinations Wayne, PA (September 9, 2020) – QuantaVerse, which uses AI and machine learning to automate financial crime investigations, has enhanced its Financial Crime Investigation Report (FCIR) so AML cases can be accurately adjudicated more efficiently than ever...

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LRN Corporation Acquires Interactive Services

Acquisition Enhances LRN’s Position as the Leading Global Provider of Ethics and Compliance Solutions Combined Organization Will Help More Companies Build Effective Compliance Programs and Create Ethically Aware and Inspired Workforces NEW YORK (September 9, 2020) – Ethics and compliance education and technology company LRN Corporation announced today the acquisition of Interactive Services, the Dublin,...

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5 Steps to Reduce Risk of IRS 226-J Assessments

Even during the unprecedented workforce upheaval of 2020, the IRS continues to assess potential Affordable Care Act (ACA) employer penalties. Health e(fx)’s AVP of Compliance, Kyle Scott, discusses measures to prevent penalties. Organizations across myriad industries have struggled to maintain compliance with the Affordable Care Act’s (ACA) Employer Shared Responsibility Payment requirements for many reasons...

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Harnessing the Power of GRC Technology in the Era of COVID-19

Is AI the answer to effective risk management? IsoMetrix’s John Castner details why companies need to stop focusing on predictive analytics and instead prioritize removing a siloed risk management approach to deal with the impact of COVID-19. As industries push to leverage technology, in today’s COVID-19 world, many are looking for the next generation of...

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Compliance Content Creator L&E Announces “Tales From the Hotline”

Entertaining storytelling video shorts series encourages employees to speak up about ethical concerns in the workplace CHICAGO (September 8, 2020) – The creative comedy, compliance, content creation team at L&E announces their newest corporate risk learning library, "Tales from the Hotline." Real stories from real ethics & compliance professionals about real workplace behavior gone wrong...

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Corruption and Coronavirus in Latin America

Recent media reports have revealed numerous scandals tied to COVID-19 throughout Latin America. Miller & Chevalier’s Alejandra Montenegro Almonte and Greg Bates discuss several of these scandals and offer guidance to help all organizations mitigate the risk of corruption. The coronavirus pandemic and the longstanding challenges of corruption and bribery in Latin America together have...

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Breaking Down Silos to Improve Risk Assessments in Foreign Jurisdictions

Too often, companies are siloed in their approach to assessing risk in foreign jurisdictions. FTI Consulting’s Ken Jones and Lindi Jarvis explore what companies should keep in mind when developing and refining their overarching risk assessment methodologies. For many companies, breaking down the organizational barriers that impede seamless interactions and operations is a clear priority....