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Revenue Recognition in the Asset Management Industry – EY
A new revenue recognition standard set for implementation in December, ASC 606, is set to shake up the asset management industry. Many managers may be overlooking the burdens it will create for their operations and their ability to compare different funds.
The Telia Resolution: Who Knows What Evil Lies in the Hearts of Men? – By Tom Fox
While the resolution of the Telia Company (Telia) Foreign Corrupt Practices Act (FCPA) matter has long been awaited, the results announced in September by the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) were stunning nonetheless.
Privacy and the EU GDPR: US and UK Professionals – TrustArc
New comparative UK and US research uncovers differences, challenges and investments to address GDPR data protection requirements
Getting to GDPR: Risk Evaluation and Strategies for Mitigation – IAPP & TrustArc
With less than seven months to comply with the GDPR, the most sweeping change to data protection in decades, companies all over the world are determining how to best adjust their internal systems and processes in order to address increasingly strict compliance requirements.
Decade of Digital: Keeping Pace with Transformation - OWC
The expansion of business technology has been monumental in the 10 years PwC has conducted its annual Digital IQ survey, yet executives’ confidence in their ability to capitalize on digital change is at an all-time low.
The Halliburton FCPA Enforcement Action - Tom Fox
SEC’s resolution of its outstanding Foreign Corrupt Practices Act (FCPA) enforcement action with Halliburton spelled out a bribery scheme facilitated by both a failure and over-ride of company internal controls.
Tempered Networks Identify Defined Platform - Coalfire
One of the recommendations for organizations to obtain PCI DSS compliance is to ensure segmentation of the cardholder’s data environment from the remainder of the network. Proper network segmentation will isolate systems that store, process, or transmit cardholder data, thereby restricting access to as few locations as possible.
Two Superior Results: Tom Fox
The DOJ issued two declinations demonstrating the DOJ Pilot Program is alive and well. Linde Gas and CDM Smith, both received declinations to prosecute by meeting the four prongs of the Pilot Program; self-disclosure, extensive cooperation, extensive remediation, and profit disgorgement. These cases demonstrate the clear advantages of self-disclosure.
The Ultimate Guide to IT Audit Readiness
As if the job of an IT manager or leader was not already challenging enough, today’s IT risk and regulatory environment is constantly increasing in complexity. Alongside this, there is an unprecedented proliferation of business devices, systems and data, creating more ever-changing risks.
New DOJ Evaluation: Valuable Information for the Compliance Officer
DOJ released a document on the Fraud Section of its website, an 11-part list of questions that encapsulates their s most current thinking on what constitutes a best practices compliance program. Within the list are some 46 different questions that a COO can use to benchmark a compliance program.
Applying AI Technology to Reduce AML Risk for Global Financial Institutions
By leveraging advancements in data science such as artificial intelligence (AI) and machine learning, financial institutions can set a new standard of AML compliance, mitigating regulatory risk more effectively and saving the industry billions of dollars in fines.
Electronic Communications Compliance Survey Report - Smarsh
Against the backdrop of political shifts in Washington and growing popular distrust of “big finance,” the seventh annual Smarsh survey of compliance professionals in the financial services industry reveals that the electronic communications compliance landscape has become broader, more complex and more scrutinized.
Ongoing Monitoring of Third-Party Relationships - Kroll
As companies continue to globalize their business opportunities, they are exposed to an ever-widening environment of anti-bribery and anti-corruption regulations. Moreover, the enforcement of such laws is increasing; for example, 2016 was a record year in terms of the number of Foreign Corrupt Practices Act (FCPA) actions brought by U.S. regulators and the amount of monetary penalties imposed.
New DOJ Evaluation: Valuable Information for the Compliance Officer
DOJ released a document on the Fraud Section of its website, an 11-part list of questions that encapsulates their s most current thinking on what constitutes a best practices compliance program. Within the list are some 46 different questions that a COO can use to benchmark a compliance program.
Applying AI Technology to Reduce AML Risk for Global Financial Institutions
By leveraging advancements in data science such as artificial intelligence (AI) and machine learning, financial institutions can set a new standard of AML compliance, mitigating regulatory risk more effectively and saving the industry billions of dollars in fines.
Electronic Communications Compliance Survey Report - Smarsh
Against the backdrop of political shifts in Washington and growing popular distrust of “big finance,” the seventh annual Smarsh survey of compliance professionals in the financial services industry reveals that the electronic communications compliance landscape has become broader, more complex and more scrutinized.