Compliance in an era of sanctions and monitorships

A sharp rise in money laundering activities, bank frauds and terrorist financing has led to an unprecedented number of sanctions levied over the past few months. Given the current regulatory environment, sanctions compliance has emerged as probably the only recourse in the struggle against financial crime. The rapid expansion of sanctions has led organizations, beyond … More Compliance in an era of sanctions and monitorships

Inching toward GDPR’s one year mark: analysis and way forward

Data privacy and protection have seen immense interest and awareness in the last couple of years.  Today, the personal data of consumers, cross border data flows, online transactions and real-time data exchange are just some areas under close scrutiny. Governments across nations have already taken steps and are trying their best to bring in regulations … More Inching toward GDPR’s one year mark: analysis and way forward

Internal auditor: Watchdog or bloodhound?

In a recent incident of fraud unearthed at a multinational banking and financial services company in India, the internal auditor was arrested on charges of conspiring with other co-accused in deliberately failing to point out certain discrepancies. The National Company Law Tribunal added names of the internal auditors (present and former) as parties to the … More Internal auditor: Watchdog or bloodhound?

Data Privacy Day – control “cookies” before you consent

Have you wondered how search items on your browser history are presented to you, even after a few days, in the form of advertisements or sponsored content? The answer to this is “cookies”, or tiny text files that are downloaded on your device when it’s connected to the internet. Globally, data privacy, data protection and … More Data Privacy Day – control “cookies” before you consent

Unveiling fraud reporting trends in listed companies

Global and Indian organizations have been under intense regulatory scrutiny on account of potential lapses in compliance or corporate governance, and an influx of fraud, bribery and corruption cases. Enforcement action has stepped with regulators such the US Department of Justice (DOJ) and Securities and Exchange Commission (SEC), UK’s Serious Fraud Office and Financial Services … More Unveiling fraud reporting trends in listed companies

Overcoming customer due diligence challenges in financial institutions

Financial institutions across the globe are under increased regulatory scrutiny to comply with anti-money laundering and counter terrorist financing policies and procedures. In the past decade, they have witnessed significant enforcement actions and penalties for non-compliance with respect to money laundering and terrorist financing. Hence, regulations are being introduced and/or amended across regions to fight … More Overcoming customer due diligence challenges in financial institutions

Maintaining the sanctity of data in search and seizure operations

The collection, preservation and analysis of information is existential to catch fraudsters and cyber criminals. In addition to paper files, digital data present in an individual’s company computer, laptop, mobile or any other handheld device can uncover a complex matrix of fraud using digital and computer forensics. This information can subsequently be presented before the … More Maintaining the sanctity of data in search and seizure operations