Results for Search Submit Filter by: Advanced Filter All results Solutions Industry Typelist People Client Story Insights/Blogs Filter Search Sort by RelevanceDate Order AscDesc Blog December 18, 2020 FinCEN and OFAC Put Financial Institutions on Notice About Processing Ransomware Payments The U.S. government has officially put financial institutions on notice: It is watching and may impose anti-money laundering (AML) sanctions on payment facilitators if they violate federal laws on engaging in transactions, such as ransomware payments, with sanctioned individuals or entities – intentionally or otherwise. For as long as ransomware incidents have occurred, the controversial issue… Blog December 18, 2020 SolarWinds Vulnerability Update – Indicators of Compromise and Recommended Actions The news of the cyber attacks being experienced by government agencies and an expanding list of organizations continues to grow and change on almost an hourly basis. This is proving to be potentially one of the most significant cyber breaches in recent times. Following up on our December 14, 2020, Flash Report on the CISA advisory, and in response to numerous questions and inquiries we continue… Blog December 21, 2020 A Farewell to Paul Sarbanes Almost four years ago, I wrote a blog, “A Farewell to Michael Oxley,” paying tribute to the former Republican member of the U.S. House of Representatives who died on January 1, 2016. Today, it is fitting that we issue another farewell. On December 7, the family of Paul Sarbanes announced the death of the former Democratic senator the previous day. Together, these two men co-authored the landmark… Blog December 30, 2020 PPP 2.0 – A Renewed Opportunity (and New Set of Headaches) for Lenders As the old saying goes, the best deals are made when neither side gets exactly what it wants. By that standard, the most recent federal pandemic relief bill that finally passed into law in late December certainly qualifies as a great deal. Democrats who for months had been seeking a bill in excess of $3 trillion were certainly disappointed by the final price tag of slightly more than $900… Blog January 8, 2021 SPACs Are Hot But Be Well Prepared – The SEC Is Watching The prevalence of Special Purpose Acquisition Companies (SPACs) has expanded dramatically over the past year as organizations capitalize on a more streamlined path to public ownership. But key steps still must be taken and regulatory requirements still must be observed to protect shareholders. The U.S. Securities and Exchange Commission (SEC) is watching, and SPAC sponsors need to be ready for… Blog January 12, 2021 Pandemic-Driven Issues Complicating Tech CFOs’ 2021 Spending Decisions Even for high-growth technology companies that performed fairly well during the last 12 months, 2021 capital-spending decisions are being made with significant restraint and apprehension. The ongoing rollout of promising COVID-19 vaccines notwithstanding, the pandemic’s far-reaching effects on consumer behavior, the labor market, wages, office space, technology and supply chains, to name a few,… Blog January 13, 2021 U.S. Addresses Long-Standing Gap in its AML Compliance Regime On January 1, 2021, the U.S. Senate voted to override President Donald Trump’s veto of the National Defense Authorization Act for Fiscal Year 2021, a legislative package that includes the Anti-Money Laundering Act of 2020. The passage of the AML Act closes one of the biggest gaps in the U.S. anti-money laundering regime and moves the United States toward compliance with international AML and… Blog February 3, 2021 Resilience and the Workforce Are Key Concerns in 2021 and Over the Next Decade, According to Protiviti-NC State Global Survey Board members and C-suite executives around the globe are most concerned in 2021 with risks associated with COVID-19-related government policies and regulations, economic conditions that may restrict growth, and market conditions that may continue to impact customer demand, according to a new survey from Protiviti and NC State University. Amid these near-term headwinds, when asked about top… Blog February 4, 2021 Attention, CFOs: Your Most Important Asset Is Not on Your Balance Sheet Which of the following assets will power your business going forward? Cash and equivalents Accounts receivable Investments Plant, property and equipment Goodwill Other intangible assets Arguably, among the six assets above, the most leverageable assets are the intangible assets, which, by definition, have not been quantified. When one company purchases another for a value greater… Blog February 11, 2021 COVID-19 Vaccine — Is Your Organization Prepared to Meet Compliance Requirements? As vaccine distribution begins, one result is the rapidly evolving regulatory requirements surrounding COVID-19 vaccine acquisition, storage, administration and reporting. These quick-turn process shifts and needs can overwhelm staff and place them under intense pressure. Organizations may also be exposed to risks of noncompliance and expensive penalties if the following processes are not in… Load More