I t has been said that if a butterfly flaps its wings in the Serengeti, it can change the climate half a world away. Similarly, if an EU regulator enacts regulation in the EU Commission, it can have a major impact as far away as the United States. We saw Read More
A new report predicts that compliance and assurance functions could double the amount they spend on new technology by 2027. According to the research, issued by Gartner Inc., generative AI, machine learning, and large language models will fuel a surge in spending by compliance, risk management, and assurance functions. The Read More
I nvesco Advisers is paying the price for misleading clients and investors about how much of its assets were truly aligned with environmental, social, and governance principles. The Atlanta-based investment firm has agreed to pay a $17.5 million civil penalty to settle the Securities and Exchange Commission’s charges that it Read More
D igital disruption and climate change have emerged as the two fasting-growing risk areas for organizations across industries, according to a new report. Based on feedback from more than 3,500 internal audit leaders around the world, global risk levels for digital disruption and climate change are projected to increase 20 Read More
W ells Fargo’s recent disclosure of regulatory investigations related to its anti-money laundering (AML) and sanctions programs and agreement to “work with U.S. bank regulators to shore up its financial crimes risk management” serves as a timely reminder of the ongoing importance of robust compliance measures in the financial sector. Read More
C ompliance management has traditionally been marked by accessibility issues, which lead to barriers to adhering to regulations. These long-established frameworks can be so complicated that they make it hard for those who don’t have specialized knowledge to navigate them. Automated solutions, however, have marked a shift in the landscape, Read More
T he Securities and Exchange Commission has charged four public companies with making materially misleading disclosures regarding cybersecurity risks and intrusions. The charges against the four companies—Unisys, Avaya, Check Point Software, and Mimecast—result from an investigation involving public companies impacted by the compromise of SolarWinds’ Orion software. The SEC also Read More
T he Securities and Exchange Commission’s Division of Examinations has released its 2025 examination priorities. This year’s examinations will prioritize perennial and emerging risk areas, such as fiduciary duty, standards of conduct, cybersecurity, and artificial intelligence. For fiscal year 2025, in addition to conducting examinations in core areas such as Read More
T he U.S. Department of Defense issued final rules for its Cybersecurity Maturity Model Certification (CMMC) Program, which is indented to ensure that defense contractors meet standards for safeguarding sensitive information. The CMMC Program aligns with the DoD’s existing information security requirements for private sector defense contractors. It is designed Read More
C anadian-based TD Bank will pay more than $3 billion in a historic settlement with U.S. authorities who said that the financial institution’s lax practices allowed significant money laundering over multiple years. The bank pleaded guilty to conspiracy to commit money laundering, the largest bank in U.S. history to do Read More
