Compliance & Risk Management

AML lessons: 6 ways to stay compliant

A crackdown against failings in anti-money laundering controls in Singapore highlights six areas for firms to consider in order to stay compliant. Singapore’s central bank has ordered a Zurich-based private bank’s Singapore branch to cease operating because of “a persistent and severe lack of understanding” of the city-state’s money laundering controls. Download

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Photo illustration of bank notes and coins of various currencies including the Singapore dollar. Photographer: Edgar Su

Will the buy-side champion disruption and digital innovation?

As profit pools and talent shift to the buy-side, will it take the lead in capital markets by adopting technology innovations? Managing retirement and investment funds is indeed an onerous responsibility that, if done right, can make a significant difference to individuals, institutions and the overall economy. Find out more

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Regulatory pressure is on — everyone is feeling the heat

When we think of sanctions breaking, we usually picture the fines which have been levied on the big banks. These fines often run into the tens of millions of dollars and higher, which are then reported extensively in newspapers and television. Download the full infographic — Fines for Banks That

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Photographer: REUTERS/Stephen Lam Photographer: REUTERS/Stephen Lam

Illegal logging: can you manage the supply chain risk?

Illegal logging is estimated to be the largest of all environmental crimes. Firms need to consider how they can prevent their supply chains from contributing to this trade.  Attracted by low risk and high rewards, the world’s criminal gangs are turning their attention to the practice of illegal logging. Their operations span

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Employee measures trunk of logs at Boguchansky wood processing plant in Taiga forest in Krasnoyarsk region Photographer: Ilya Naymushin

Helping compliance to manage regulatory change

With new regulatory alerts being issued at an unprecedented rate, compliance teams must work out the best way to monitor and manage change. Today’s regulatory landscape is more challenging than ever, with increased scrutiny by regulators, less time for organizations to react and stricter enforcement actions for violations. These new demands

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Honey bees swarm on a honeycomb at Al Taryyaq farm in Jordan Valley Photgrapher:Ali Jarekji

How to identify UBOs in an unpredictable world

Business operates in a world of chaos, where relationship risk is ever present. What’s the secret to understanding and identifying ultimate beneficial owners? The modern organization is an interconnected web of relationships and interactions that span traditional business boundaries. Complexity grows as these interconnected relationships and transactions layer themselves in

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Photographer: Rafael Arenas Photographer: Rafael Arenas

How business and NGO partnerships drive action against modern slavery

Business and NGOs are collaborating on the use of powerful data analytics to fight human trafficking and modern slavery hidden deep within global supply chains. An estimated 45 million people are held in modern slavery around the world today and illegal profits generated by forced labor amount to $150 billion

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Child labourers hold each others hands after being rescued on World Day Against Child Labour in New Delhi Photographer: Adnan Abidi

Risk survey exposes supplier and other third party failures

Too many organizations are still exposed to risks such as bribery and corruption from their suppliers, distributors, agents and other third parties. Our extensive survey highlights the shortcomings and challenges firms face. The Thomson Reuters survey found that only 62% of organizations are conducting due diligence on their third parties. And

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Optimizing fintech in a post-LIBOR world

Fintech solutions are providing the tools for the earlier detection of potential market abuse, but how can firms ensure they fully optimize these evolving technologies? In the aftermath of LIBOR and other major benchmark investigations, emerging generation technologies are gearing towards helping front office business units meet increasingly challenging regulatory compliance and

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Participants run at Bund near Huangpu River as they compete in the Shanghai International Marathon Photographer: Carlos Barria

Banks place trust in KYC managed services

Know Your Customer managed services are gaining traction in the highly regulated world of banking. What are the benefits for institutions, customers and regulators? Knowing who you are doing business with is an important component of trust. At the same time, providing your information is an important step in order to

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The hand of South African Reserve Bank Governor Gill Marcus is seen holding South Africa's new rand banknotes in Pretoria Photographer: Siphiwe Sibeko