Insight Search Search Submit Sort by: Relevance Date Search Sort by RelevanceDate Order AscDesc Whitepaper August 1, 2022 Sanctions enforcement: A new era U.S. Deputy Attorney General Lisa Monaco has called sanctions “the new FCPA.” [1] The EU has issued a proposal that would make sanctions evasion an EU crime [2] . The U.K.’s Office of Financial Sanctions Implementation (OFSI) is under pressure from key global partners to step up its enforcement activity [3]. These developments are just a few of the signs that the national… Whitepaper August 11, 2023 Navigating sanctions compliance through the transition to ISO 20022 The International Organisation for Standardisation’s (ISO) new global messaging standard, ISO 20022, is set to be adopted by payment processing organisations globally by 2025. Newsletter July 29, 2020 Compliance Insights - July 2020 In your monthly compliance news roundup, you will read about: Implications of Class Action Suit Alleging Misleading Autopay Options Recapping Regulatory Responses to COVID-19 DOJ Updates Guidance on Evaluating Corporate Compliance Programmes Regulators Aim to Provide Financial Institutions Clear Guidance and Improve Compliance Whitepaper March 28, 2022 Risky Business: The Sanctions Challenges of Trade Finance As governments across the globe, including the EU, US, Canada, UK, Japan, Singapore and more, have imposed sanctions on Russia, with promises of additional action if Russia persists with its war on Ukraine, financial institutions and their customers are forced to review their trade and commodities transactions involving Russia to assess their legal and reputation risk. These reviews are… Newsletter May 28, 2020 Compliance Insights - May 2020 Your monthly compliance news roundup BSA/AML Examination Manual Updates from FFIEC On April 15, 2020, the Federal Financial Institutions Examination Council (FFIEC) released updates to the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) examination manual. The manual is used to evaluate an institution’s compliance with the Bank Secrecy Act and anti-money laundering requirements. This… Flash Report March 26, 2020 CECL Deferred for Banks Due to the Impact of the COVID-19 Pandemic As public filers are preparing to file their first quarter financial statements for the period ending March 31, the unfolding COVID-19 pandemic and the related economic fallout have thrown mounting uncertainty as to what losses to report – and how to estimate them. Before the pandemic hit the market and caused stocks to lose 35% of their value, banks were well on their way preparing to estimate… Flash Report April 10, 2020 COVID-19 Crisis Drives FASB to Propose Delays to Effective Dates of Revenue Recognition and Lease Accounting Standards for Certain Entities At its April 8 meeting, the Financial Accounting Standards Board (FASB) proposed delaying, for certain entities, the effective dates of its accounting standards for revenue recognition (Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606)) and lease accounting (Accounting Standards Update No. 2016-02, Leases (Topic 842)). The board… Newsletter August 26, 2020 Compliance Insights - August 2020 Your monthly compliance news roundup CFPB Issues Interim Final Rule to Amend Regulation X Offering Relief to Consumers In light of the ongoing COVID-19 pandemic, the Consumer Financial Protection Bureau (CFPB) has issued an interim rule permitting mortgage servicers to offer new loss mitigation options following the evaluation of an incomplete loss mitigation application. In… Flash Report June 8, 2023 U.S. Banking Regulators Finalise (Finally) Revised Third-Party Risk Management Guidance On Tuesday, June 6, 2023, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) issued the “Interagency Guidance on Third-Party Relationships: Risk Management.”[1] This marks the long-awaited finalisation of the proposed guidance that was initially issued on July 19,… Podcast December 7, 2021 Podcast | Future of Cryptocurrency: ETFs and an Evolving Regulatory Regime In this episode, Jackie Sanz –Managing Director leading Protiviti’s Canadian Risk and Compliance solution., interviews Vlad Tasevski –Chief Operating Officer and Head of Product at Purpose Investments, and Elliot Johnson – Chief Investment Officer and Chief Operatating Officer at Evolve ETFs. Jackie, Vlad and Elliot discuss the current and future state of cryptocurrency. Load More
