Compliance

Smarsh has just released its eighth annual Electronic Communications Compliance Survey Report. The survey of compliance professionals in the financial services industry shows that organizations are not keeping pace with their retention and supervision efforts — particularly with a growing, younger workforce that relies on expanding, mobile-friendly channels, such as social media and text messaging. As a result, evolving technologies and...

A New Anti-Money Laundering Regime for a New Century The landscape of AML regulations is scattered, with its primary legislative supports coming from 1970, 1996, and 2001. This article discusses the proposed bill, its bipartisan support as identified by hearings already conducted on the subject, and its implications for financial institutions if enacted. In 1970, a Big Mac cost $0.49,...

Challenges Posed by New Sanctions SIX’s Oliver Bodmer discusses difficulties companies face in navigating compliance matters associated with the flurry of U.S. sanctions posed this year. He shares insights in particular on challenges within the M&A space, as well as on the complexities when pursuing and closing transactions with companies with unique holdings. We’re only part of the way through 2018,...

Key Findings from Dun & Bradstreet Report Brian Alster, Global Head of Supply & Compliance at Dun & Bradstreet, outlines results from the Dun & Bradstreet 2018 Compliance and Procurement Sentiment Report. With data gleaned from business leaders across compliance and procurement functions, he discusses the top concerns and challenges and offers a look at how the emerging trend of...

What the Decision on Epsilon's Sanctions Violations Means for Companies Michael Volkov discusses Epsilon's sanctions violations, the resulting "reason to know" requirement and the potential impact to companies going forward. The Department of Treasury’s Office of Foreign Asset Control (OFAC) recently announced the settlement of the Epsilon enforcement action (here).  This case requires a theme song and there is none...

Addressing Regulatory Compliance Issues Point B’s Steve Hall and Sydney Rickelman discuss the benefits of a remediation management office (RMO) and how organizations can establish and execute one, leading to significant time and cost savings. with co-author Sydney Rickelman Maintaining compliance can feel like a moving target. Organizational growth resulting from an acquisition or introduction of a new product or...

Maintaining a Competitive Edge in the Banking Industry Compliance professionals know it well: the organizations that embrace compliance and adopt a culture of ethics absolutely reap the benefits from a business perspective. John Freeman, Chief Legal Officer at Tata Communications, discusses why a positive approach to compliance is essential. Regulatory compliance often conjures up feelings of "big government," and it’s...

11 Common Pitfalls This is the third part in a series on truths about global compliance. This installment provides a rundown on some of the most common compliance failures. Read Part 1 and Part 2, and download the full version from TMF Group to learn more. Compliance is a mandatory aspect of doing business. It should be conducted as humanly as...

When thinking about handling compliance at scale, creating a global framework can allow the organization to grow without limit. How challenging is it to work in compliance these days? World-class compliance experts from TMF Group share their views. This is the second part of the series 5 truths about global compliance. Read the first part here and  download the paper to read the...

Engaging Training for Workplace Safety Given the recent prevalence of gun violence, businesses and organizations should conduct training and practice emergency response procedures for an active shooter with the same frequency as fire drills or other emergencies. Compliance training should be engaging, and emergency procedures need to be second nature so that staff are equipped to respond effectively under stress....

Shifting from Traditional to Digital Contract Terms By leveraging digital technology, outsourcing providers … This is a fundamental change in outsourcing that will require fundamentally different contract terms. Brad Peterson discusses the difference between traditional and digital contract terms in this video. Here, Rebecca Eisner, Daniel Masur and Brad Peterson further explore the history – and future – of outsourcing....

7 Reasons Compliance Teams Are Struggling How challenging is it to work in compliance these days? World-class compliance experts from TMF Group share their views. Priscila Westerhof-Fittipaldi, Portfolio Director of Corporate Secretarial Services at TMF Group, shared a story that left her in awe: "During our onboarding exercises with a global client who hired us for our Corporate Secretarial (CoSec)...