The Risk & Compliance Platform Europe offers a qualitative online database with white papers, case studies and best practice articles on risk and compliance. This free information is used by many professionals to inform and orient a possible purchase or policy decision.

Do you want to publish your white paper / case study / best practice article on the Risk and Compliance Platform Europe? Simply send an email to info@riskcompliance.nl including your contact details and a brief summary of your proposed article. Our editorial staff will contact you as soon as possible to discuss the options for publishing your document / article.

Visitors to the Risk & Compliance Platform Europe can download any white paper / case study / best practice article for free. This service is intended for those with a professional interest in risk and / or compliance.


Efficient Frontiers

Simplifying the Customer Journey – Little changes, BIG impact

01 July 2020

Complexity, often associated with tax compliance, can touch multiple parts of the organisation creating several challenges. On one hand, there is a high financial and reputational risk associated with getting the tax compliance wrong. On the other hand, the volume and complexity of customer data that has to be processed is becoming an increasingly time-consuming challenge. Customer relationships can be won and lost based on their experiences with completion of important tax documentation.

This paper focuses on a recent case study that outlines how, using a winning combination of  EFI’s tax and technology expertise, a solution was developed for a client that streamlined their IRS W-Series Tax form process whilst achieving compliance.

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Neo4j Privacy Shield Turn Privacy Regulations into Opportunity

15 April 2020

General Data Protection Requirements (GDPR) is the European Union regulation governing how EU residents’ personal data can be stored and managed. All companies, wherever they are based, must tightly understand, control and manage their possession of European personal data, or face prosecution and heavy fines. According to PwC, 92 percent of multinationals view GDPR compliance as a top priority. Of those companies, more than three-quarters have allocated over a million dollars for compliance efforts, and nearly ten percent plan to spend more than ten million dollars each. To reap high returns from your GDPR investment, look beyond compliance issues. Instead, pursue a well designed privacy and cybersecurity strategy for the personal information you manage across your enterprise.

Discover Neo4j’s Privacy Shield comprehensive solution for EU’s GDPR regulation. Neo4j Privacy Shield helps individuals visualize their private data and control its use while internal staff members provide fast answers to privacy inquiries. It also enables privacy managers to trace data flows, investigate potential breaches, and prove compliance to regulators. Without graph technology, it’s almost impossible to understand the full lifecycle of personal data. The visualization, data lineage, connected data analysis and pattern detection tools in Neo4j Privacy Shield make it a uniquely powerful solution.

Visitors to the Risk & Compliance Platform Europe can download this whitepaper for free. This document is intended for those with a professional interest in risk and / or compliance.

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Risk in Focus 2020 Report

17 December 2019

European Confederation of Institutes of Internal Auditing’s report on Risk to Focus 2020 has sought for years to provide some insight on vital risks of business that were defined by several Chief Audit Executives (CAEs) across Europe. The latest version of the report has been developed as a result of the progressive partnership between eight European institutes consisting of internal auditors and utilizes qualitative interviews conducted with 46 CAEs in Belgium, Netherlands, France, Germany, Italy and more working in various industries.

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The Connected Data Revolution in Financial Risk Reporting

24 October 2019

As governmental regulations tighten, today’s banks must have a thorough and systematic understanding of risk calculations and their associated data lineage—including where underlying data originates and how it flows through enterprise systems. This paper discusses how connected data and graph database technologies are a new way of transforming risk reporting in modern banks to help them meet the stringent demands of risk reporting compliance. Where data governance is key and needs to be addressed, a modern graph approach has proven to be more reliable for risk management than a traditional solution.

At the same time, those forward-looking banks are uniting data silos into an information foundation for building innovative applications. These solutions provide extreme visibility, transparency and deep analytical insights that improve compliance efforts and day-to-day decision making in a more simple and effective way.

Visitors to the Risk & Compliance Platform Europe can download this whitepaper for free. This document is intended for those with a professional interest in risk and / or compliance.



Fifth Anti-Money Laundering Directive (5AMLD)

09 December 2018

Almost 70 percent of money laundering and terrorist financing flows through legitimate financial institutions. Yet the United Nations Office on Drugs and Crime estimates that less than 1 percent of the global trade is seized and frozen.

The main changes, among others, in 5AMLD are as follows : • Extended scope of obliged entities : virtual currencies and pre-paid instruments. • Wider access to beneficial ownership information. • Customer due diligence: with a risk-based approach, obliged entities, must “right-size” their customer due diligence based on the level of risk.


Lexis Nexis

The Risk Monitoring Imperative

04 October 2017

Organisations today face an evolving array of risks – and corporate boards and executive leaders are feeling the pressure. According to a global survey of board members and C-suite executives, “The impact of the U.K. Brexit vote, increased volatility in commodity markets, polarisation surrounding the recent U.S. presidential election, terrorist events, asset bubbles in China, continued discussion about fair wages and income equality, and ongoing instability in the Middle East” has resulted in elevated concerns about business risk in 2018. Moreover, companies increasingly rely on third parties to conduct business – from complex, globallydistributed supply chains to extensive networks of clients, partners, or agents working on their behalf. How vast are these networks?

– 40% of companies oversee 1,000 third parties annually – 29% manage more than 5,000 third-party relationships

And those numbers don’t include customers. As a result, companies need a risk mitigation strategy that goes beyond traditional due diligence for on-boarding suppliers and third parties. The 2017 Anti-Bribery & Corruption Benchmarking Report, issued jointly by Kroll® and Ethisphere®, found that “More than half (55 percent) of respondents report that they identified legal, ethical, or compliance issues with a third party after due diligence had been conducted.” Ongoing monitoring can help you build a more complete picture of risk exposure—and proactively mitigate risk.


IIA institute internal audit

Hot topics for internal audit 2018

24 September 2017

This year, a wider group of European Institutes of Internal Auditors have taken a more ambitious approach, interviewing Chief Audit Executives (CAEs) from major organisations in six European countries – France, Italy, the Netherlands, Spain, Switzerland and the UK – to home in on key themes requiring the attention of internal audit to mitigate risk and protect and add value in their organisations.

These Hot Topics were identified through in-depth, qualitative interviews with CAEs across a diverse range of critically important sectors – construction/infrastructure, financial services, IT, manufacturing, public sector, retail/consumer, telecoms and utilities/energy – and from organisations that truly lead these industries. To put this into perspective, these organisations have an aggregate market capitalisation in excess of €724bn, revenues of over €441bn, employ more than 1.86 million staff and are present in no less than 173 countries. In the financial services sector alone, the CAEs represent internal audit functions in firms collectively worth €325bn and turning over upwards of €207bn.

This whitepaper provides knowledge and insights as an invaluable snapshot of the thinking of leading internal audit professionals across Europe.



The European Union fourth Anti-Money Laundering Directive

03 July 2017

When the 4AMLD was enacted on June 25, 2015, the European Commission established a 2-year window for implementation by EU Member States. A 2016 amendment to the Directive identified additional “obliged entities” and shortened the implementation deadline by six months.

EU Member States are now transposing it into their national laws and all “obliged entities” must have compliance programmes in place to mitigate risk. Věra Jourová, the EU’s commissioner for Justice, Consumers and Gender Equality said: “The update of the Fourth Anti-Money Laundering Directive will prevent any loopholes in Europe for terrorists, criminals or anyone trying to play with taxation rules to finance their activities. ”

A Deeper Look at the 4AMLD : Naturally, the 4AMLD focuses on traditional financial services organisations such as credit and financial institutions, but the list of “obliged entities” from the original Directive also includes other professionals.



Certification of Credit Risk Management

26 June 2017

CO.E.RI.KOSMOS SRL located in Turin, has been working in the field of Credit Risk Management for over 30 years.

Since 2016, CO.E.RI.KOSMOS is the scheme owner of the standard template CRMS FP 07: 2015. This is the first standard template for the Certification of the Commercial Credit Management System approved by “Accredia (MISE)” under the requirements of the European Application Document EA-1/22 – AB: 2015.

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Lexis Nexis

How companies should respond to the ever-changing world of sanctions risk

15 December 2016

Around the world in eight sanctions regimes Sanctions are imposed on regimes, entities or individuals by governmental and intergovernmental bodies, in the hope of curbing or changing their behaviour. They come in many forms, including asset freezes, flight bans, and restrictions on trade and other financial transactions. These bodies regularly publish and update their sanctions lists, which presents a significant risk of an unintentional breach to companies of all sectors that trade internationally. If a firm breaches sanctions, it can expect to face serious legal, financial and reputational repercussions. Punishments can include a civil or criminal legal conviction, a large regulatory fine, or a ban on bidding for future national or World Bank contracts.n the last few months alone, sanctions around the world have changed significantly. To measure the current extent of these changes, LexisNexis Business Insight Solutions has compiled this report with the latest information on sanctions regimes at governmental and intergovernmental level. The report focuses on 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.