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Risk managers urged to take action on new EU data legislation

10 January 2017

Risk managers should prepare now for new EU data protection legislation that will come into force next year, Airmic and law firm BLM have urged. The new regulations are more demanding than current rules and can result in much larger fines. Risk managers are being warned that the changes could take time to implement. The General Data Protection Regulations (GDPR), approved by the European Parliament last year, will automatically become law in EU countries in May 2018.  Continue reading…

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Mark Dunn
Mark Dunn

Report shows recent ‘dramatic’ sanctions changes

16 December 2016

Sanctions around the world have changed significantly in the last few months, according to a new report by LexisNexis Business Insight Solutions. The report looks at how sanctions have changed in eight countries: the US, UK, Russia, Iran, Myanmar, Cuba, Democratic People’s Republic of Korea (North Korea), and the Democratic Republic of Congo (DRC). The report goes onto look at the steps companies can consider to mitigate the risks of breaching sanctions.

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Organizations must accelerate their digital transformation

03 January 2017

Global market trends are converging to accelerate the speed at which commercial and government organizations need to move from experimenting with discrete customer-facing digital projects to implementing enterprise-wide digital transformation. This is the overall finding of the CGI Global 1000, through in-person conversations with business and technology leaders in ten industries and twenty countries. Continue reading…

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Tony de Bree
Tony de Bree

FinTech: How To Make Money In RegTech ?

21 October 2016

Since Deloitte published the report on RegTech is the New FinTech, a lot of people have discovered the fact that large Banks and other Financial Institutions are spending a HUGE amount of money on Compliance and not to forget fines for not being compliant. Although it is true that there is a lot of new regulation coming towards the Financial Services Industry, that is not the reason why they spend so much money on Compliance.

Why do large banks spend so much money on Compliance and KYC ? The main reasons why large Financial Institutions are paying so much money on Compliance have nothing to do with the Regulators. Why ? Continue reading…