Insight Search Search Submit Sort by: Relevance Date Search Sort by RelevanceDate Order AscDesc Whitepaper January 31, 2024 2024: Global Sanctions Outlook for Financial Institutions KYC took on added significance in the sanctions world in 2023. No, not Know Your Customer, though that certainly remains important. Know Your Cargo became a new mantra for sanctions practitioners and there is every indication it will continue to be heard throughout 2024. But growing geopolitical tensions and national security concerns mean that trade-related sanctions will not be the only area of… Blogs October 27, 2021 What you should know about identity and access management Five common identity and access management pitfalls to avoid Identity and access management (IAM) is at the forefront of each organisation’s overall security strategy. Effective organisations ensure that regulatory compliance and risk management drivers are balanced with business-friendly and effective processes in order to provide users with access to the right resources at the right time.… Blogs July 25, 2022 Unchartered territory: Preparing for Russian sanctions compliance scrutiny from regulators As financial institutions navigate the Russian sanctions, regulators will be watching closely. Below, Protiviti explores how institutions can prepare for the regulatory scrutiny that will inevitably follow. This article is based on the recent Protiviti webinar series Unchartered Territory: Managing the Risk of Russian Sanctions held in the US, the UK and the EU. Following Russia’s invasion of… Flash Report July 15, 2022 Sanctions Risk – Managing sanction compliance in a time of crisis Today’s sanctions landscape raises several questions for financial institutions and their clients. These questions come as a result of an expanding list of complex sanctions and trade restrictions, often requiring that they pivot immediately to address new requirements. Protiviti can help financial institutions assess their sanction-related risks and advise them on the control environment and… Blogs July 11, 2022 Unchartered territory: Managing multiple Russian sanctions regimes The rapid changes and nuances in the Russian sanctions regimes have created challenges for global financial institutions. Organizational consensus on the approach to managing them will help financial institutions stay within regulatory boundaries and minimise the risk of penalties. This article is based on the recent Protiviti webinar series Unchartered Territory: Managing the Risk of Russian… Blogs July 15, 2022 Unchartered territory: Addressing Russian sanctions evasion Individuals and entities will often take steps to avoid the impact of sanctions. Below, Protiviti explores sanctions evasion tactics and what financial institutions can do to mitigate evasion risk. This article is based on the recent Protiviti webinar series Unchartered Territory: Managing the Risk of Russian Sanctions held in the US, the UK and the EU. Sanctions evasion tactics are well… Blogs May 25, 2022 Non-Financial Risk Management: Regulatory fines, warnings and investigations persist across non-financial risks Whilst many banks have embedded management of traditional financial risks such as credit and market, CROs and CCOs are under increasing pressure to address known and emerging non-financial risks. Pressure is further exacerbated by shrinking budgets and increasing costs of managing expanding control stacks, as well as remediation programmes driven by risk and control self-assessment (RCSA) blind… Whitepaper April 29, 2022 Credit Pulse Spring 2022 Geopolitical Instability Moves the Goalposts AgainIn this issue of the Credit Pulse, we look at credit risk considering the macroeconomic and geopolitical uncertainties that continue to shape the financial services industry in the opening months of 2022. We assess lessons learned during the pandemic and how they’re driving lenders to recalibrate operations to enable greater resiliency in the face… Whitepaper September 9, 2021 Clean Money is a Click Away: The Money Laundering Risks of E-Commerce The global e-commerce market is projected to approach $5 trillion in sales in 2021[1] — pretty impressive for an industry that only came into existence in 1991 when the internet was opened for commercial use. With brick-and-mortar stores shuttered because of COVID-19 and online buying the only option many consumers had, retail e-commerce sales in 2020 grew by double-digits in every region of the… Podcast November 2, 2022 Podcast: Future of Analytics - Empowering Intelligent Decision Making The current and future state of risk analytics is bedrock to empowering the compliance function’s forward-looking agenda. With the evolution of enterprise risks, advancements in analytics, and the ever-morphing regulatory landscape, compliance can be transformed by being further data driven, and monetise the deployment of advanced analytics in empowering intelligent decision-making and risk… Load More
