FINRA (Financial Industry Regulatory Authority) is a non-governmental agency that provides regulatory services for the financial industry. FINRA regulates over 4200 brokerage firms and oversees the stock market and securities industry. FINRA focuses on areas that financial services firms should consider when identifying opportunities to improve their compliance, supervisory and risk management programs. The areas
Regulators have dramatically stepped up enforcement of Anti-money laundering (AML) laws and regulations and increased related criminal and civil fines. According to a recent news article from Wall Street Journal, FINRA charged a penalty of $10 Million to one of the biggest Investment Bank over Anti-Money-Laundering program. As per the news, the bank’s automated anti-money-laundering
2018 was all about engaging with the Fourth Industrial Revolution (Industry 4.0), blurring lines between physical and digital worlds and a major transformation of how Business Processes are carried out. To drive Positive Growth, Efficiency, Effectiveness, Sustainability and Transparency in 2019 and beyond, Businesses, Companies and Organizations need to adopt a new innovative mindset for
As Cyber Risks are evolving with greater frequency and severity, Companies are becoming aware that technology-based innovations and initiatives open doors to Cyber Risks and pose greater governance challenges. From a governance perspective, one of the Risk, Compliance and Governance committee’s most important tasks is to verify that management has a clear perspective of how
Reston, VA, USA — December 15, 2018 — Confident Governance ®, the global leader in Cyber Governance, today announced their latest product release, redefining the collaboration, customization, ease of use, security and Reporting functionalities. With these world class upgradations and features, ConfidentG Governance as a Service® empowers teams to customize, collaborate, build reports/dashboards and navigate
In the present day and age, Risks need to be considered as Opportunities for Value Creation and not something that has to be minimized or avoided, as Risks are not fully avoidable but their timely identification, monitoring and remedial action is a sure shot way to gain Competitive Edge. Globally many Companies have started to
As per a recent WSJ news, an auto industry titan, who was also the architect of an alliance between three global Auto Industry Leaders, has been arrested for Financial misconduct. The said Company went to the authorities with details of an internal probe that alleged the Chairman incorrectly reported his compensation in filings over many
The importance of Audit Automation and the utilization of Information Technology in modern Audits have grown significantly in recent years due to both, Technological advancements and changing Regulatory environment. There is a notable inconsistency between Organization’s priority Risk areas and where Internal Audit focuses its time. Chief Audit Executives should therefore re-evaluate with their Audit
Looking at the recent news on non-compliance in Companies globally, the stakes involved and the magnitude of consequences, it becomes clear that maintaining Regulatory Compliance is undoubtedly a priority and continuous concern for Organizations across all Industry Verticals. Organizations Operate under constant pressure from Regulators and are required to provide Regulatory Compliance updates at frequent
Our Chairman & Global Governance Leader Bhavesh Bhagat quoted in Ethikos, a publication of SCCE With an ever-evolving global Business Landscape shaped by Emerging Technologies, Economic and Political Cycles, Climate and Environment changes, Companies face significant pressure to keep abreast of shifts in Governance and Compliance. Increased complexities and future uncertainties make it necessary for