Compliance

Why spend your time reading mystery novels this summer, when real-world mysteries are swirling through the global financial system? Fenergo, which works with compliance officers from 17 of the top 50 banks in the world, has put together a riveting summer reading list for compliance professionals. It includes titles that cover the international underworld of money laundering, insights into understanding how...

How Business Process Management Can Help Meet GDPR Requirements Mark Holenstein of Signavio discusses how process optimization helps to better prepare companies for GDPR and other regulatory compliance through the internal processes. Process management is seen as one of the necessary organizational steps needed to ensure a business is most prepared, as well as documented in their procedures. The General...

How the Change May Impact Self-Reporting The Australian government is raising fines associated with corporate wrongdoing. The changes will bring the country more in line with penalties levied by U.K. and U.S. regulators, but is it the right move? with contributing authors Jenni Hill, Kirsten Scott and Lara Gotti On April 20, 2018, Australia’s Minister for Revenue and Financial Services...

Judd Hesselroth and Alexandra debate the merits of the ISO anti-bribery standard and the associated accreditation process.  

Detect, Fix or Prevent Problems Before They Become a Crisis Donna Boehme, the "Lion of Compliance," explains the singular imperative of a clear, written mandate for effective compliance programs, and offers a Sample Mandate, below. One of the most important features of any compliance program is its written Mandate. The correctly scoped mandate, approved by the Board and understood by...

When it comes to anti-corruption compliance risk, it’s no surprise to compliance officers that third parties represent the single greatest worry. Monitoring third parties requires a rigorous third-party due diligence program, which takes into consideration the characteristics of each external partner to implement a comprehensive and effective compliance training program.  When it comes to anti-corruption compliance risk, it’s no surprise...

“Text Messaging Can Expose Your Company to Significant Risks”: In this article, Mike Pagani explains that texting is quick, easy, reliable and efficient — but if it’s used for official business communications, it can create tremendous risk for a company. Organizations of all sizes need to put the right policies in place, and implement automated text archiving and supervision systems...

In this article, Wendy Wysong, Peter Coney and Tatsuhiko Kamiyama examine three key governance reforms coming from Japanese legislators and what global companies need to know going forward. 'Japan Inc' is now back on the front pages with many Japanese corporations increasingly pursuing significant M&A opportunities internationally given the mature market at home and high levels of cash reserves. The corporate landscape...

Cross-Border Payment Compliance: What to Know as GDPR Kicks Off As GDPR launches today, Brent Crider illustrates the requirements for the regulation and how it impacts organizations processing cross-border payments. Vendors managing payroll or freelancer payouts enterprises must be extra vigilant about GDPR compliance, as they store a wealth of personally identifiable information that accompanies such payment types. On May...

May 25th – the date GDPR enforcement begins is almost here, and most companies are still working towards compliance. Cheryl O’Neill, Director of Product Management at Seal Software, looks at the hidden risk contracts pose for compliance and explains why machine learning techniques are the only way to get actionable visibility into the contract-based data that is flowing into and out...

In just a few days, on May 25, the clock will expire on the two-year transition period for companies to reach compliance with the General Data Protection Regulation (GDPR). This not only impacts organizations operating in the European Union (EU), but also affects companies in the United States and elsewhere that handle the personal data of anyone who resides in...

Data Privacy Becomes King Cloud security and compliance laws surrounding personal information will continue to proliferate as governments attempt to protect their citizens’ private data. With a heightened consumer awareness of the need for data privacy, any violation of trust will damage an organization. Follow these recommendations to avoid fines, business interruption and loss of that all-important and increasingly rare...