More From #RISK – Page 170
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VideoGDPR Requirements and Digital Transformation
Digital technology is transforming the way businesses operate around the world and data has never been able to be shared so quickly and easily in real time. However, the General Data Protection Regulation requires data usage to be lawful, fair and transparent, with strict requirements to minimise and limit the purpose of data.
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VideoPushing for the RegTech Revolution Removing the barriers to adoption in FinCrime
In a recent report, the City of London Corporation has argued that the financial services sector needs to leverage new regulatory technologies (RegTech) to meet their obligations and fight financial crime. The report follows a succession of other statements from leading regulators in the US, Europe and Asia-Pacific, all making similar points.
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VideoThe Next Step with RegTech A panel interview with the Napier team
Regulatory Technology (RegTech) for the FinCrime space is now a multi-billion-dollar global industry, and is being promoted by leading regulators as an important new weapon in compliance and risk management.
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VideoBiden’s Radical Agenda? Jim Richards on the Implications for the Fight Against FinCrime
The Biden Presidency – less than six months old – has been a surprise to many who expected that the vicissitudes of the past four years and the challenges of the pandemic would lead to a period of stability over change. Instead, President Biden seems to have decided to take a different approach, pushing forward with far-reaching economic policies such as the extensive COVID-19 relief act. As some have suggested, if Biden campaigned as a moderate, he appears eager to govern as a radical.
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VideoUnited We Stand The potential for integrated FinCrime teams and controls
The problem of fragmentation affects the world of FinCrime in many ways. Within compliance and risk management functions, the past isolation of AML, fraud and sanctions teams has led to key risks falling between the institutional gaps – a problem exacerbated when the teams use different platforms and data streams.
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VideoBeyond the Banking Bubble Leveraging technology lessons from other industries
In the last few years, financial services providers and Regulatory Technology (RegTech) firms have talked a great deal about the deployment of new data-driven technologies, usually with a focus on automation and supervised machine learning to core compliance tasks such as sanctions screening and transaction monitoring.
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VideoCultural Capital - Can we achieve a positive FinCrime ‘compliance culture’?
For most of the last decade, regulators have encouraged financial institutions to instil a positive compliance culture amongst staff to help ensure that they meet their FinCrime obligations. ‘Tone from the top’ is a phrase that has often been invoked to emphasise the need for business leaders to lead the way for their teams in this.
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VideoThe Last Lines of Defence - Strengthening the professions’ fight against FinCrime
Most public attention on the private sector’s efforts against FinCrime is devoted to the role of financial institutions, and in particular, banks. This is quite logical, given the centrality of their roles as the gatekeepers of the financial system, and the parts they have unwittingly played in moving illicit funds around the global economy.
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VideoAbove the Law? The challenge of bringing financial criminals to justice
The social restrictions of the COVID-19 pandemic have been a major impediment to financial criminals, who rely on easy access to the financial system to move dirty money.
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VideoPutting Corruption on Notice Bill Browder in conversation with Oliver Bullough
Leading international law enforcement agencies such as Europol tell us that corruption has become one of the most vital enablers of serious organised crime and financial criminality – and a problem that touches not only so-called ‘high risk’ emerging markets, but developed societies too.
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VideoMoving the Needle - Defining, measuring, and improving FinCrime effectiveness
Many key players in the FinCrime world have been seeking to define the term ‘effectiveness’. Following the lead of the global standard setters, the Financial Action Task Force (FATF), most regulators have sought to assess the issue through subjective evaluations of ‘how well’ businesses meet their compliance obligations.
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VideoA Talk on the Wild Side - A conversation on the Wildlife-FinCrime nexus with John Scanlon
The potential link between the illegal wildlife trade and the spread of COVID-19 has focused attention once again on the trafficking and exploitation of wild animals, as well as plants.
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VideoComplying with Diversity Building an inclusive Compliance profession
Critics often complain that the compliance profession is something of a closed-shop for white, middle-class men who have worked for decades in the financial services sector, and dominate the top tiers of senior management in the field.
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NewsFCA warns of dangers from unregistered crypto companies
The 111 crypto asset firms operating in the UK without registration pose a risk to the broader financial system, according to Mark Steward, head of enforcement and market oversight at the Financial Conduct Authority’s (FCA).
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NewsCovid-19 ‘has permanently altered cyber risks’
The threat landscape reached a critical tipping point during the height of the coronavirus pandemic, changing cyber security forever, says SonicWall.
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FeatureKeys to a Sustainable Security Strategy
For decades, technology leaders have focused on building a strong perimeter around their networks. But that approach to cybersecurity is no longer sustainable or effective: Globally distributed teams and complex supply chains have dramatically changed the way organizations create, store, and share data. As change continues to accelerate, many enterprise leaders are re-evaluating their cybersecurity strategies.
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AnalysisDigital Transformation, Third Party Risk Management and Trust on the agenda of day one at PrivSec Global
PrivSec Global’’s audience enjoyed a first day packed with sessions dedicated to key issues driving the data protection, privacy and security debate.
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AnalysisWildlife trafficking, RegTech and Measuring Effectiveness on the agenda of day one at FinCrime World Forum
FinCrime World Forum’s global audience enjoyed a first day packed with sessions dedicated to the key issues driving the financial crime debate.
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NewsCyber-attack puts data of cruise lines’ clients at risk
Parent group Carnival Corp has written to customers of Carnival Cruise Line, Holland America Line and Princess Cruises to tell them their personal information could have been exposed in a data breach.
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NewsHacker breaches defences of Ohio Medicaid’s data manager
A cyber-attacker gained unauthorised access to an app run by Maximus, which manages data for Ohio Medicaid.
