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Banks and certain other financial organizations must comply with FinCEN's new rules for customer due diligence (CDD) beginning May 11, 2018. Implementing an automated approach to CDD can help meet multiple compliance goals – from reliable client and risk identification...

The security and privacy professional must walk a tightrope in ensuring privacy for a global corporation – rules differ from one country to the next. The EU directive on privacy provides a good baseline, however, and the GDPR will help...

Many states have increased the frequency with which they conduct wage audits, while others have enacted fines related to improper or incomplete wage audit responses; both scenarios can create real risk for employers. Both companies and state agencies stand to...

On paper, risks may seem one-dimensional, but they can be far more complex in reality. A one-dimensional approach to three-dimensional risks won’t suffice. Especially at a time when risk management is undergoing a global transformation, organizations must ensure ERM is...

They say drastic times call for drastic measures. But organizations are expected to operate with integrity even in the lean years. In the past few years, there have been several high-profile instances of financial reporting manipulation, including Wells Fargo, Toshiba,...

While it’s vital to have leadership on board in order to have a strong culture of ethics and compliance, an organization must also have the right mechanisms in place so that the team can do their jobs well. Captain Sullenberger...

India’s government decided in November to demonetize 86 percent of its currency in order to fight corruption. As the country moves toward a cashless economy, risks around the black market, cash stashing and tax evasion will plummet. But anti-corruption legislation...

Change is not only inevitable, for businesses, it’s mandatory. “Adapt or perish,” as H.G. Wells wrote. And the early adopters, those quickest to adapt, are most likely to survive. But recognizing a sea change early isn’t always easy. It’s incumbent...

The importance of planning is no more apparent than in times of crises. In 2009, Captain “Sully” Sullenberger landed Flight 1549 on the Hudson River after both of the plane’s engines failed. A few weeks later, in a formal address...

The purpose of risk management isn’t solely to avoid and mitigate risks – it’s a key part, yes, but most risk professionals overlook the also critical bit about improving business processes and decisions. Here are three common traps risk managers...

A hard right turn is rattling investors’ views of the future. Results from a recent survey reveal the perceived risks that are keeping investors up at night. Many point to political disruption as a significant risk in the next year....

Under U.S. Securities and Exchange Commission (SEC) and FINRA record-retention requirements, firms must ensure the capture of business-related communications regardless of the devices of networks used. Smarch Chief Evangelist Mike Pagani explains why this mandate is a clear confirmation that...