In this issue: Risk and compliance
VOL 3 | EDITION 2 | 2016
In our second 2016 issue of Exchange, we explore risk and compliance – and the myriad ways in which they now touch every aspect of our industry globally. Our contributing colleagues write on the state of regulatory reform; conduct risk; third-party risk; implementing a successful regulatory compliance program; adopting a risk-based approach to know your customer and anti-money- laundering regulations; the top five compliance trends and how to free your data for better risk management. And we are pleased to bring our readers a special FX section this issue.
As compliance professionals try to reconcile themselves to increased regulatory burden and personal liabilities, they likely entered 2016 wondering whether the tide might turn at last.
Thomson Reuters third annual survey on how financial services firms manage conduct risk and benchmark their own progress against industry trends.
Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) legislation is tough to implement, yet is mandatory and must be addressed.
Organizations today are being held responsible not only for their own activities but also for the actions of customers, suppliers, vendors and partners.
With the second survey on financial crime in the Middle East and North Africa (MENA) a stronger picture of compliance landscape in the MENA region is starting to emerge.
The revolution in financial services promises extraordinary leaps in efficiency yet it allows actors to hide behind false identities, heightening the risk of criminal activities.
Also in this issue
As it has become increasingly difficult for multinational banks to manage their compliance programs, the 5-step plan simplifies and improves interactions with regulatory bodies.
In this infographic, research from Thomson Reuters Risk and the KPMG Anti-Bribery and Corruption Survey reveal the top compliance trends and statistics in 2016.
Risk, regulation, data management and technology are inextricably linked in the drive for greater efficiencies, as setting data free enables growth-oriented decisions in a proactive approach to managing risk.
Although corporate banking might seem far from the digital disruption that has rattled other sectors, it has begun to embrace digitalization.