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
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
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
Global Governance expert, inventor of award winning Governance as a Service platform and Confident Governance Chairman Bhavesh Bhagat,is now all set to give his valuable insight on how Global Companies can allign ESG (Environment Social Governance) strategy with business sustainability and growth. Bhavesh along-with fellow directors from different industry verticals will discuss emerging ESG trends
Efficient GDPR Compliance Management encompasses vital processes like Integrated Risk Mapping, Gap Analysis, Policy and Procedure Tracking and conducting Compliance Audits. In our previous post, we discussed about Integrated Risk Mapping and Compliance Testing. With this post we discuss how monitoring GDPR Rules and Controls is a continuous process that can be efficiently and effectively
The new EU Legislation, General Data Protection Regulation (GDPR) is a latest reform of Data Protection Rules that not only requires extensive Data Protection Security and Reporting requirements, but also surfaces the need for an end-to-end Compliance Management system. The Board, the C-Suite, the Audit & Compliance departments and the Senior Management remain responsible for Regulatory
Risk Management is a rapidly developing discipline with a varied view. To attain an agile Risk management process, it is mandatory to perform risk assessment at regular intervals to obtain Organizational and Operational insights. Risk Assessment process should be simple, practical and easy to understand for it to be effective and sustainable and performed
With new Regulations coming into action continuously, it’s time for Companies globally to adopt an innovative and agile methodology for their Risk Management Strategy. While the basic concepts of ERM best practices remain the same, the focus has now shifted from just identifying and mitigating Risks to building robust Strategy that has the potential to maximize the
The new EU Legislation, General Data Protection Regulation (GDPR) is a latest reform of Data Protection Rules that implies new extensive Data Protection Security and Reporting requirements in addition to increased financial penalties for non-Compliance. Organizations can have strong foundations for successfully achieving GDPR Compliance by acting early and adopting a holistic approach which includes