Compliance

Chinese outbound investment is set to reach a staggering USD 2.5tn over the next decade according to the Financial Times – largely the result of President Xi Jinping’s Belt and Road Initiative, which lays out ambitious plans to build infrastructure to create a new Silk Road connecting China to the developing world and an estimated 60% of China’s outbound investment is ... Read More »

GBG, the global specialist in identity data intelligence, is pleased to announce it is a founding member of the newly formed CRTB (Criminal Records Trade Body). The CRTB is a network of Registered Bodies, which forms a committee within the National Association of Professional Background Screeners (NAPBS). It will provide an authoritative and independent voice for a wide range of sectors that ... Read More »

LexisNexis® Risk Solutions, a global big data, technology and analytics company, announced a partnership with CRIF SpA, one of the leading global providers of business information, whereby CRIF will integrate LexisNexis® Risk Solutions WorldCompliance™ Data product into its SkyMinder platform. With more than 6,300 banks and financial institutions, 55,000 business clients and 310,000 consumers actively using CRIF services in 50 ... Read More »

Russian Anti-Corruption Law:   State Register of Dismissed Officials Launched The amended Federal Law No. 132-FZ dated 01.07.201 defines the requirements to file, in the Federal State Information System, public service section (Unified System), information on the punishment imposed on corrupt officials.   Punishment and dismissal are the result of loss of trust for committing a corruption offense. The changes came into ... Read More »

World-Check One’s Media Check helps prioritise media content most relevant to Anti-Money Laundering/Know Your Customer compliance Thomson Reuters has enhanced its World-Check One platform with the launch of Media Check, a unique media screening and processing feature powered by artificial intelligence (AI) that helps address the regulatory and reputational consequences of overlooking key data in the fight against financial crime. Media ... Read More »

The Securities and Exchange Commission announced that The Dun & Bradstreet Corporation has agreed to pay more than $9 million to resolve Foreign Corrupt Practices Act charges arising from improper payments made by two Chinese subsidiaries. According to the SEC’s order, the two Chinese subsidiaries used third-party agents to make unlawful payments to obtain data vital to Dun & Bradstreet’s ... Read More »

This contribution by our partner organization Cyber Security Intelligence is just one of many opinions.  If it is true that 6% of organizations will be fully compliant for GDPR, the regulatory system will be overwhelmed by non-compliant cases.  Since the focus will be on large companies first, smaller companies may not be inspected for a while.  However this is just ... Read More »

Moody’s Analytics has enhanced its software and service offerings for the banking industry by making its regulatory compliance and balance sheet management solutions available on the cloud.  Building on its existing cloud-enabled and software-as-a-service (SaaS) solutions, this latest development comes at a time when banks are increasingly considering cloud-based and SaaS solutions as a way to reduce costs, improve speed of ... Read More »

Late-payers to be banned from UK government contracts following Carillion collapse Outsourcing giants that fail to pay suppliers on time will be banned from major contracts under new plans announced by the government today in the wake of Carillion’s collapse. The Cabinet Office has announced a package of measures which also aim to “level the playing field” so small businesses ... Read More »

Speaking in London recently, Information Commissioner Elizabeth Denham said that she is in discussions with the government to secure a stronger audit power in the UK Data Protection Bill than currently planned. Speaking about the Facebook / Cambridge Analytica investigation, Denham said: “Under the GDPR I will have the power to audit all those who hold, use and share personal ... Read More »

Riskonnect, the leader in integrated risk management solutions, announced the hiring of Jim Wetekamp as CEO. Wetekamp has more than 20 years of product and leadership experience, most recently serving as CEO of BravoSolution, a Chicago-based cloud procurement solutions company.  Wetekamp joined BravoSolution in 2008 following its acquisition of VerticalNet, his former employer. As that company’s CEO, Wetekamp successfully navigated ... Read More »

New data visualisation tool means organisations can make quick, intelligent decisions about their customers GBG, the global specialist in identity data intelligence, announces the release of its data visualisation tool, to help organisations quickly identify trends, patterns and correlations in their data and make intelligent decisions about their customers. ‘Visualise by GBG Connexus’ was created by the team behind the ... Read More »

Has the impending GDPR deadline got you freaking out? These five tips might help you calm down, at least a little.  Many people are finding themselves faced with the need to familiarise themselves with a topic that pertains to everyone, data protection and privacy, even though most have not specialized in it. In April 2016, the General Data Protection Regulation (GDPR) ... Read More »

The Notifiable Data Breaches (NDB) scheme comes into effect today, requiring agencies and organisations in Australia that are covered by the Privacy Act to notify individuals whose personal information is involved in a data breach that is likely to result in “serious harm”, as soon as practicable after becoming aware of a breach. Launching the new legislative direction on Thursday, ... Read More »

Thomson Reuters announced it is collaborating with Salesforce to help clients quickly and efficiently on-board new customers and meet regulatory anti-money laundering obligations in the fight against financial crime. Thomson Reuters World-Check, one of the world’s leading databases of risk intelligence data to support companies in meeting their due-diligence obligations, can now be accessed by customers on the Salesforce AppExchange ... Read More »

Dow Jones Risk & Compliance, a leading provider of anti-money laundering, anti-corruption and sanctions compliance data solutions, has completed the acquisition of Cerico from the law firm Pinsent Masons and Campbell Nash, a consultancy owned by technologist James Armstrong. Cerico provides end-to-end Know Your Business Partner technology and digital compliance tools for international businesses, supporting anti-corruption programmes around the world. ... Read More »

Big-data specialist Quantexa is partnering with compliance robotic automation leader Arachnys in the fight against financial crime.  Both technology providers will be harnessing the power of each other’s respective technologies to identify and monitor customer risk. Quantexa will be using Arachnys’ cloud-based investigation platform and global news assets to dynamically screen against negative news, locate missing Know Your Customer (KYC) ... Read More »