compliance
Top StoriesGoing Beyond Its Guidance on Russian Gas Payments Is Not ‘advisable,’ EU Says
BankingStay Out of the Headlines: Reduce Payment Fraud
Top StoriesFrance’s Engie to Pay Russia’s Gazprom in Euros This Month
BankingEU Financial Institutions Prepare for Instant Payments Regulations
Turkey’s Flo in Talks to Take Over Reebok’s Stores in Russia – Chairman
Date: May 16, 2022
By Ceyda Caglayan ISTANBUL (Reuters) – Turkish shoe retailer FLO Magazacilik is in talks to buy more than 100 stores owned by fitness brand Reebok in Russia, FLO Chairman Mehmet Ziylan said on Monday, as Western companies rush to comply with sanctions over the Ukraine conflict. Ziylan said a deal had not been finalised, denying...
Tokyo Covid Curbs Declared Illegal in “Kill Bill” Restaurant Case
Date: May 16, 2022
By Rocky Swift TOKYO (Reuters) – Japan’s “Kill Bill” restaurant operator prevailed in a court case on Monday that declared Tokyo’s now defunct COVID-19 infection curbs were illegal. The orders, enacted in the capital during various states of emergency, included shortened operating hours and a ban on alcohol sales, though there was a compensating government...
Factbox-Companies Sell Their Businesses in Russia
Date: May 16, 2022
(Reuters) -Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. The moves, part of a broader corporate exodus from the country, are likely...
EU Governments, Lawmakers Agree on Tougher Cybersecurity Rules for Key Sectors
Date: May 13, 2022
By Foo Yun Chee BRUSSELS (Reuters) – EU countries and lawmakers agreed on Friday to tougher cybersecurity rules for large energy, transport and financial firms, digital providers and medical device makers amid concerns about cyber attacks by state actors and other malicious players. The European Commission two years ago proposed rules on the cybersecurity of...
Leveraging Intelligent Automation in Financial Crimes Compliance
Date: May 12, 2022
By Jason Chorlins, CPA, CFE, CAMS, CITP, Principal of Risk Advisory Services at Kaufman Rossin Financial institutions are increasingly leveraging technology and trying new approaches to combat financial crime, in line with regulators’ encouragement of innovation in this area. As solutions continue to evolve, a layered approach using intelligent automation can help banks and other...
Shifting Goalposts: The Many Challenges of a Chief Compliance Officer
Date: May 12, 2022
By Harriet Christie, Operations Director, MirrorWeb A new framework was recently put forward by the National Society of Compliance Professionals (NSCP), as it seeks to better define its members’ personal liability in a firm’s regulatory mishaps. It appears that compliance officers are feeling vulnerable as regulations intensify around them. And who can blame them, considering the additional...