risk-management
BusinessAround the World in AML Regulation
BusinessFive Ways Businesses Can Ensure Long-Term Energy Security, Crisis or No Crisis.
BankingThe ‘risk’ of Financial Inclusion: How Digital Banks Can Increase Their Social Impact and Profit Margins
BusinessFx Solutions Will Be a Key Leverage for Businesses Against a Volatile Pound
In the Crosshairs: Why Banking Leaders Must Wake up to the Ransomware Challenge
Date: October 27, 2022
By Lewis Duke, Sales Engineer at Trend Micro The global financial sector is highly regulated. Organisations are typically well insured and relatively profitable. Their services are considered a critical part of national infrastructure. And among businesses analysed by the UK government this year, it was judged the sector most likely to hold personal data on customers....
How Financial Services Can Be Successful When It Comes to ESG Risk
Date: October 27, 2022
By Santhosh Jayaram, Global Head of Sustainability at HCLTech Environmental, Societal and Corporate Governance (ESG) risk is rising to the top of the agenda for financial services worldwide. In the UK, it seems there’s pressure coming from all sides, from consumers worrying about how ‘green’ their investments are, to charities like WWF and Greenpeace reporting the UK...
Cybersecurity – Remaining Safe With Hybrid Working
Date: October 27, 2022
Every October, Cybersecurity Awareness Month serves as a reminder about the importance of cybersecurity. The collaborative initiative has become more important than ever before with increased digitalisation. Private sectors and the government come together to raise necessary awareness throughout the month; indeed, according to Statista, data leaks among IT professionals shot up by 55% following...
Anti-Money Laundering Verification and Shell Corporations
Date: October 27, 2022
By Adam Holden, CEO at UK financial crime risk regulatory and compliance firm Northrow. Shell corporations are infamous for all the wrong reasons—both from a moral and regulatory compliance perspective. These organisations, which go by the name “ghost firms,” are regularly used to conceal unlawful cash and, more significantly, the identities of beneficial owners. Shell...
Optimizing KYC Processes to Prevent Money Laundering
Date: October 25, 2022
By Chor Teh, Director, Financial Crime Compliance Industry Practice Lead at Moody’s Analytics, Despite the continual development of solutions to combat money laundering, criminals still have the capacity to get ahead. Indeed, it is hard to escape news stories of money laundering activity in the media. Presently, anti-money laundering (AML) measures can demand huge amounts...
Lessons for the Cfo: Managing Finances and the Workforce This Winter
Date: October 25, 2022
By Hartmut Wagner, CEO of Serrala This month, 11 water providers have been forced to cut £150 million from customers’ bills due to missing targets on pollution.* This follows a series of water leaks amidst the driest summer in England since 1935, so it’s hardly surprising that the senior leadership at water companies have faced...