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Monday, 23 January 2017Rolls-Royce: Finally some bragging rights for the SFO?
The £671m deferred prosecution agreement with the aero engine maker marks a successful end to the Serious Fraud Office’s biggest ever investigation, argue Kelly Hagedorn and Jessica Veitch of legal firm Jenner & Block.
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De-risking threat to financial integrity
 FATF and G7 call for more balance to resolve contentious issue that threatens both inclusion and security of the financial system
Faced with increasing AML penalties and compliance costs in business areas such as remittances and charities, some banks have chosen to stop offering services to clients in these sectors.
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Features - ComplianceThursday, 30 March 2017AML requirements: Are the stakes increasing?
Financial controls for AML continue to rise up the agenda for regulators on both sides of the Atlantic. Financial institutions in Europe must soon comply with the EU’s Fourth AML Directive, and new US regulations mean firms are increasingly required to put in place an ongoing review and improvement approach to AML monitoring.
Colin Bristow of SAS examines what the future holds for financial controls.
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Features - ComplianceFriday, 16 December 20162017 Predictions: The year ahead in fraud, compliance & security
The experts tells us about the major risks, threats and challenges for the next 12 months:
- Ransomware, IoT Risks, AML fines, The rise of the SWIFT-heist middlemen, Vigilante hackers, AML5, Nation state hacks
Read more ...
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Features - ComplianceThursday, 15 December 2016Regulation rollback under Trump
The impact of the new presidency on:
- Dodd-Frank Act
- Sarbanes-Oxley
- Basel IV capital rules
- US extra-territoriality
- Alternative lenders
- Bank stress tests
- Compliance staff levels
Read more ...
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Features - CybercrimeFriday, 02 December 2016Global cyberattack report
- Where to report attacks: Country-by country details
- The Regional Picture: Asia-Pacific, European Union reporting requirements
- Mixed messages on business response to cyberattacks
- Tech and customer facing functions often at adds
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Features - Cards and PaymentsFriday, 11 November 2016What we need to learn from the Tesco Bank hack
Calls for data sharing like the baddies do
One third of Tesco Bank's customers were hacked last weekend. This much we know. What has still to come out, is how the baddies got in and whether or not there was an insider.
Even without this information, it raises questions that should be addressed by every financial services firm.
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Features - ComplianceThursday, 03 November 2016What worries compliance officers?
PSD2, Open Banking API, 4AMLD and the Data Protection Act 2017 are all concerns for FPOs and MLROs. There is also the threat of a five year prison sentence for non-reporting, major cybercrime threats, unwieldy legacy systems, the enemy within, and of course Brexit
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Features - Financial fraudFriday, 16 September 2016Public-private initiative to improve asset recovery
The new 2-year pilot scheme by City of London Police to help individuals recover assets lost to fraudsters is a welcome move, says William Christopher of legal firm Kingsley Napley.
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Features - ComplianceWednesday, 27 July 2016Financial services needs a compliance re-think
Need to target areas of greatest risk as economic crime against FS firms continues to rise
The number of financial services providers experiencing economic crime in 2015 increased to 46%, from 45% in the previous year.
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Features - ComplianceMonday, 18 July 2016UK tipped to keep regulation pre-eminence
Country is an early adopter of Beneficial Ownership registers
The UK has been at the forefront of international efforts to improve financial conduct and transparency both before and after the Panama Papers revelations.
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Features - ComplianceWednesday, 25 May 2016Corruption: New transparency plans "a step in the right direction"
- Failure to prevent financial crime offence likely to mirror Bribery Act
- New unexplained wealth tool may be useful to compliance officers
- Beneficial ownership: Real control may be easily circumvented
- Commonwealth anti-corruption best practice standard proposed
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Features - ComplianceThursday, 30 March 2017AML requirements: Are the stakes increasing?
Financial controls for AML continue to rise up the agenda for regulators on both sides of the Atlantic. Financial institutions in Europe must soon comply with the EU’s Fourth AML Directive, and new US regulations mean firms are increasingly required to put in place an ongoing review and improvement approach to AML monitoring.
Colin Bristow of SAS examines what the future holds for financial controls.
Read more ...
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Features - ComplianceFriday, 16 December 20162017 Predictions: The year ahead in fraud, compliance & security
The experts tells us about the major risks, threats and challenges for the next 12 months:
- Ransomware, IoT Risks, AML fines, The rise of the SWIFT-heist middlemen, Vigilante hackers, AML5, Nation state hacks
Read more ...
|
|
|
Features - ComplianceThursday, 15 December 2016Regulation rollback under Trump
The impact of the new presidency on:
- Dodd-Frank Act
- Sarbanes-Oxley
- Basel IV capital rules
- US extra-territoriality
- Alternative lenders
- Bank stress tests
- Compliance staff levels
Read more ...
|
|
|
Features - CybercrimeFriday, 02 December 2016Global cyberattack report
- Where to report attacks: Country-by country details
- The Regional Picture: Asia-Pacific, European Union reporting requirements
- Mixed messages on business response to cyberattacks
- Tech and customer facing functions often at adds
Read more ...
|
|
|
Features - Cards and PaymentsFriday, 11 November 2016What we need to learn from the Tesco Bank hack
Calls for data sharing like the baddies do
One third of Tesco Bank's customers were hacked last weekend. This much we know. What has still to come out, is how the baddies got in and whether or not there was an insider.
Even without this information, it raises questions that should be addressed by every financial services firm.
Read more ...
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