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Compliance & Risk Management

Why accurate market valuations are now so important

Regulatory efforts to improve the oversight of market valuations and prevent market instability are raising the importance of accurate and transparent evaluated prices across global markets. Improved evaluation and transparency around pricing is at the heart of Fair Value Measurement and Liquidity Management, with the requirements on evaluated pricing intensifying as

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New York seeks to enhance arsenal of anti-money laundering tools to combat terrorism

Criminal and terrorist organizations regularly use the formal financial sector to move and disguise the illicit nature of funds, expertly exploiting any weaknesses in these systems to do so. In the U.S., New York State is responding with a proposal that will further raise compliance standards and more heavily regulate

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REUTERS/Rickey Rogers REUTERS/Rickey Rogers

Nowhere to hide as corruption fight gathers pace

As world leaders prepare to gather in London for a landmark anti-corruption summit, what progress is being made towards the long-term political and business objective of tackling bribery and corruption? The fight is being driven with renewed vigor as a result of a number of high-profile initiatives leading up to the

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Photographer: Mike Blake Photographer: Mike Blake

How technology can tackle market abuse

A forthcoming crackdown on market abuse and insider trading is set to place new demands on financial firms. However, advances in technology mean potential violations can be spotted before they occur. The Market Abuse Regulation, which takes effect across Europe from July 3, 2016, requires that all financial institutions have solutions in place

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Photographer: Pawel Kopczynski Photographer: Pawel Kopczynski

$19.5 million settlement proves insignificant in the realm of data breach costs

The recent settlement announced in a class action lawsuit against a major US home improvement retailer reminds organizations of not only the ease with which cybercriminals can access computer networks, but also the serious financial and reputational damage a data breach can inflict. Thomson Reuters’ online Data Privacy and Security

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REUTERS/Kacper Pempel REUTERS/Kacper Pempel

Reaction to anti-discrimination law highlights risks of ignoring social climate

The LGBT (lesbian, gay, bisexual and transgender) community’s fight for equal rights recently took center stage when North Carolina’s legislators and its Republican governor, Pat McCrory, passed a law offering statewide protections covering race, religion, color, national origin and biological sex, yet omitting sexual orientation or gender identity as protected

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REUTERS/Mohammed Salem REUTERS/Mohammed Salem

U.S. court bolsters regulatory efforts to secure individual liability for BSA/AML failures

A federal district court in Minnesota recently held that the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has the authority to pursue individual liability for willful violations of the Bank Secrecy Act’s (BSA) anti-money laundering (AML) requirements. This decision is indicative of a broader regulatory trend focusing

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Blockchain answers, part 1: what can blockchain do for the financial system?

Financial institutions are stepping up efforts to utilize blockchain, the technology on which bitcoin is built. In this three-part series, we examine the FinTech initiative, the regulatory landscape, and ask if blockchain can fight financial crime. Since Bitcoin’s launch in January 2009, the crypto-currency has attracted its fair share of

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Recent settlement reminds companies of DOJ commitment to antitrust enforcement

The US Department of Justice (DOJ) Antitrust Division’s high-profile enforcement campaign against the auto parts industry recently secured another guilty plea and increased the amount of fines collected for antitrust violations by $4.55 million. In announcing the settlement, DOJ reiterated its commitment to holding both companies and individuals accountable for

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REUTERS/Jason Lee REUTERS/Jason Lee