In recent years, the banking and financial industry has experienced the creation and introduction of many new markets outside of the traditional banking segments. The introduction of these markets is taking place so fast that there are stark contrasts to how compliance and risk will be applied at the state and federal level. […]
The US Department of Justice has recently updated their criteria for the evaluation of corporate compliance programs. The new updates are in line with a trend we have seen in other parts of the regulatory framework – a shift towards evaluating compliance programs instead of simply evaluating compliance performance. There was recently a joint […]
We all expect the highest level of performance from the compliance departments within our organization. Compliance is critical to any business in a regulated industry, and a misstep in compliance can cause significant damage to the business, its reputation, cash flow, and even its ability to make its own decisions. Everyone knows this importance, […]
The necessity of compliance management ensures that businesses take it seriously. However, many businesses end up not being satisfied with the results. No matter how many resources they dedicate to managing compliance, the results seem to stay the same. That happens because managing compliance isn’t simply a process that can be improved by increasing […]
Compliance management right now is more complicated than it has ever historically been. There was a time when compliance was relatively simple as the number of regulations that governed banking and finance were low. It is hard to imagine a time without AML/BSA legislation because of how prevalent they are and how important it […]
Regulatory compliance is one of the central components of our GRC solution – the compliance module has even been endorsed by the American Bankers Association – thus it is a topic we are very interested in. It is fascinating how important regulations are and how much of an effect they have on the way […]