Compliance

Wall Street in New York

Between COVID-19 disruptions, KYC challenges, paused account onboarding and altered due diligence practices, 2020 saw financial crime compliance costs increase by roughly one-third. It remains unclear to what extent those trends will continue this year. There’s no doubt 2020 has brought many unforeseen hurdles to financial institutions (FIs) like banks and investment, asset management and insurance firms. With those challenges...

Read more
The european parliament building in Brussels

The European Commission proposed a new set of regulations to both make AI trustworthy and spur its development. While rules still need to be ratified, they have the potential to affect any business leveraging or developing AI in the EU. A proposed set of regulations from the European Commission for a sweeping regulatory framework governing artificial intelligence is under consideration...

Read more
The moneygram sign outside of a retail location

OFAC's recent enforcement action against MoneyGram underscores organizations' need for robust screening to ensure AML compliance and prevent sanctions violations. MoneyGram, a global payments service, has settled with OFAC for $34,329 for 359 sanctions programs violations. According to OFAC, the transactions totaled $105,627 in value and were processed on behalf of approximately 40 individuals on OFAC’s Specially Designated Nationals List...

Read more
Horses and riders in a horse race round a corner on the track

The Fundamental Review of the Trading Book (FRTB) affects capital calculations and substantially impacts one's risk monitoring framework. Richard Moss encourages readers to avoid betting on the long shot. Financial institutions may be facing higher capital requirements based on the Basel Committee on Banking Supervision (BCBS) changes to FRTB. The deadline for implementing the new market-risk FRTB reporting requirements is...

Read more
a stethoscope hangs over a yellow background

ACA good faith reporting standards sunsets this year. The American Rescue Plan has added further complexities. Make sure you are equipped to comply with these ever-shifting employee health care regulations to avoid unnecessary expenses. When it comes to federal Affordable Care Act (ACA) reporting this year, employers need to understand how the pandemic and a new presidential administration could open...

Read more
Blurred shot of business people walking outside.

Most companies aren't including DEI and other workforce data in the human capital disclosure sections of their 10-Ks. A recent Intelligize report analyzes SEC filings following a rule change last November. Though companies say diversity, equity and inclusion (DEI) are top concerns, few included DEI data as part of human capital disclosures on their latest Form 10-Ks. Public companies already...

Read more
green approved medal with check mark icon isolated on blue background

Organizations of all types – from startups and nonprofits to established businesses – must contend with licensing and registration challenges as they expand. These pros can facilitate the process for you. Sponsored The first line of legal defense for any business is its registered agent. When state agencies, courts and process servers need to contact the business, they will do...

Read more
Biden Administration Ratchets Up Russia Sanctions

The Biden administration has imposed a number of trade sanctions against Russian organizations and individuals, but the impact of the move remains unclear. The Biden Administration announced new and significant trade sanctions against Russia. The action was long expected, given the Biden Administration’s criticism of Russia, and it was a comprehensive response to Russia’s interference in the 2020 U.S. election,...

Read more
Page 2 of 74 1 2 3 74