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Compliance & Risk Management

How big data is transforming Asian business

Big data analytics is enabling fast and intelligent decision-making, but are businesses in Asia able to tap into this powerful driver of growth? With data streaming from all points of our lives — from smartphones, electronics and city infrastructures — it’s no wonder that there is a data revolution afoot. Read:

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An employee of Japanese electronics maker Sun Corp. demonstrates Cellebrite UFED TOUCH during a photo opportunity at the company's Tokyo office Photographer: Issei Kato

Why the fight against money laundering never stops

With money launderers constantly changing their methods, firms must ensure their transaction monitoring systems are kept up to date. The consequences of not doing so can be catastrophic.  Money laundering has the potential to threaten national security, national prosperity and international reputation. That was the stark warning from the UK’s

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A member of the homicide squad holds plastic evidence bags containing unclaimed items, including photos, money and a travel pass Photographer: Tony Gentile

Joint U.S./Canada investigation finds another Japanese auto parts manufacturer guilty of antitrust violations

Close collaboration between Canada’s Competition Bureau and the U.S. Department of Justice’s (DOJ) Antitrust Division resulted in a $130 million settlement agreement between the U.S. and a Japanese automotive parts manufacturer for its role in a price-fixing and bid-rigging conspiracy. Such cooperation between antitrust authorities is increasingly routine and highlights

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REUTERS/Regis Duvignau REUTERS/Regis Duvignau

EEOC increases penalty for violating notice-posting requirements

As the EEOC increases fines, and many other federal agencies are set to do so as well, compliance with federal employer regulations is all the more important. As of July 5, 2016, the fine for violation of the Equal Employment Opportunity Commission (EEOC) notice-posting requirements has more than doubled. The

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REUTERS/Rick Wilking REUTERS/Rick Wilking

Hong Kong financial firms take heed: regulators taking aggressive AML/CTF enforcement

According to the latest annual report from Hong Kong’s Securities and Futures Commission (SFC), fiscal year 2015 saw a 91% increase in the number of violations of anti-money laundering/counter-terrorist financing (AML/CTF) rules, as well as a 58% increase in total SFC fines. As the global community cracks down on cross-border

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REUTERS/Bobby Yip REUTERS/Bobby Yip

A question of risk: test your ERM knowledge

How does your organization perform on Enterprise Risk Management (ERM)? Take our health check survey and identify gaps in your framework.  A good risk culture within your organization cannot be achieved in isolation by one department or group of individuals. From the C-suite all the way down to an entry-level member

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Traditional Incandescent light bulbs are seen at an apartment in Munich Photographer: Michael Dalder

European truck manufacturers face record fines for collusion

The importance of competition law compliance and self-disclosure are highlighted through the record fines imposed here as well as the leniency granted to the whistleblower. Four of Europe’s biggest truck manufacturers are on the hook for a record fine due to collusion. The European Commission announced the €2.9 billion ($3.2

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REUTERS/Ilya Naymushin REUTERS/Ilya Naymushin

Huge fine for health services company highlights importance of HIPAA compliance

The importance of company policies and procedures for maintaining HIPAA compliance is apparent, as a lack thereof led to a hefty settlement fee in this case. A health care services company has agreed to pay $650,000 to settle a potential violation of the Health Insurance Portability and Accountability Act of

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Photographer: Carlos Barria Photographer: Carlos Barria

Home-sharing site faces continued allegations of discrimination

Another claim of discrimination brought against a prominent internet home-rental company highlights the importance of embracing diversity and combating discrimination and harassment in the workplace. An international home-sharing website is facing more accusations of discrimination, as a transgender woman went public with her negative experience. The woman posted on Twitter

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REUTERS/Jason Reed REUTERS/Jason Reed

EU data protection laws to be transformed for companies

The European Union’s (EU) General Data Protection Regulation (GDPR) is a major overhaul of data protection law that promises to change the way companies collect and handle personal information. Thomson Reuters offers a number of tools to help companies provide their employees with an understanding of this subject, including our

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Photographer: Yuriko Nakao Photographer: Yuriko Nakao