A well-developed and properly executed internal audit provides businesses the opportunity to effectively measure their current progress, keep pace with the rapidly changing benchmarks, and maintain a competitive advantage in the market. However, the internal audit process can be both complex and challenging given today’s rapidly evolving business landscape.
The rising popularity of cryptocurrency constantly brings profound transformations in payment transactions. Every day, more and more businesses turn to cryptocurrency because of its decentralized structure, efficient transaction flow, and low operation cost. However, as new regulatory frameworks arise, companies relying on cryptocurrency become prone to government crackdowns and are exposed to legal and financial hurdles.
Several regulatory developments that further reshape the future of the California Consumer Privacy Act (CCPA) have taken place over the last few months. Last August, California's Office of Administrative Law (OAL) has approved the enforcement regulations under CCPA, whereas the state's legislature has passed AB 1281, a bill that extends the CCPA compliance deadline for business-to-business (B2B) and employee data. Furthermore, in November 2020, Californians voted to approve the California Privacy Rights Act (CPRA) which significantly expands and strengthens the CCPA through a new set of consumer privacy rights.
Taught by leading experts in this field, our range of Risk & Compliance Continuing Education (CE) courses cut across many disciplines and are primarily designed to help mitigate risks in organizations and ensure they run smoothly based on relevant laws and policies.
The current financial legislation developments along with the evolving regulatory landscape have forced financial institutions to be one step ahead of the unique challenges that have emerged. Moreover, significant disruptions in the financial system stemming from the Anti-Money Laundering Act (AMLA) of 2020 have led to stricter enforcements and other important reforms.
The growing popularity of cryptocurrency has greatly impacted today’s banking and financial transactions, stirring more questions over its regulation. Additional discussions also emerge when it comes to the government’s initiatives to secure consumer data and resolve financial risks without stifling digital innovation.
The damaging effects of money laundering continue to be a global threat today. Not only do they pose risks to economic stability and the overall financial system, but they also constitute significant threats to national security.
Devising and implementing effective anti-money laundering (AML) compliance programs have always been tricky and challenging. With the rising number of AML violations and the stiffer penalties from recent enforcement actions, businesses and organizations are urged to better assess their existing practices and ensure that these are compliant with the current enforcement priorities.
In this LIVE Webcast, a panel of thought leaders and professionals brought together by The Knowledge Group will provide and present an in-depth analysis of the fundamentals as well as recent developments in Trends and Developments in the TCPA: Compliance and Important Updates. Speakers will also present all important issues surrounding this significant topic. Join us for this Knowledge Group Webinar!
Financial organizations generally use the Foreign Corrupt Practices Act (FCPA) and the anti-money laundering (AML) policy to address litigation matters involving corruption and bribery issues. Thus, strengthening these litigation tools is vital to combat relevant threats within the financial system. In line with this, the Biden administration recently issued the "Memorandum on Establishing the Fight Against Corruption as a Core United States National Security Interest," requiring interagency cooperation to develop strategies to address global corruption, money laundering, and illicit financing. This means that a heightened enforcement regulation and stricter compliance requirements are to be expected in the coming days.
Cooperation between global regulators and law enforcement authorities across borders has become more common today – a trend which resulted in a more complex and large-scale cross-border investigations. This joined-up approach, along with other challenges brought by the current remote work environment setup and the new administration’s enforcement priorities, has posed several challenges to investigators.
In this LIVE Webcast, a panel of thought leaders and professionals brought together by The Knowledge Group will provide and present an in-depth analysis of the fundamentals as well as recent developments in The SEC’s Enforcement Actions and Investigations: Managing Compliance Risks. Speakers will also present all important issues surrounding this significant topic. Join us for this Knowledge Group Webinar!
Uncertainties in today’s business landscape are presenting a host of risk issues to supply chains around the world. The COVID-19 pandemic, which resulted in paralyzed business operations and significant revenue losses, is one proof of how vulnerable and fragile supply chains are to disruptions. This magnifies the need for companies to reassess their service supply chain and ensure that it is prepared for any interruption.
Broker-dealer regulations remain to be evolving and challenging. Scrutiny of anti-money laundering (AML) programs continues to be a top priority, as the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) bring significant AML-related enforcement actions against member firms. Other challenges that confront legal and compliance practitioners include the intensified standard of conduct rules governing investment recommendations to retail clients and the emerging forms of trading platforms.
The Consumer Financial Protection Bureau (CFPB) enforcement landscape has been continuously reshaped by significant rule changes and regulatory developments. Among the latest issues, which the financial services industry needs to be aware of, include consumer protection concerns related to COVID-19 and CFPB’s anticipated rules relating to default mortgage servicing. Both are expected to bring more complexity and compliance challenges to financial institutions.
