ICT Views


Iran: re-entering the global community with enhanced regulation

by: (Editorial Manager) on

Iran is gradually re-emerging into the international trading sphere and with that, global standard in regulation are being introduced and updated.

Review of the key points affecting the regulatory sector from the new UK Government

by: (Research & Development Manager) on

Despite not achieving the overall majority they were looking for, it looks like the Conservatives, propped up by the Democratic Unionist Party (DUP) in Northern Ireland, will continue in government for the next five years following the dramatic outcome of last week’s UK General Election. With that in mind, let’s look at a selection of the Conservative manifesto statements that will impact on the regulatory environment, and take a view on how this might affect our industry going forward.
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Anglo Irish Bank: Acquittal of former chairman raises compliance agency questions

by: (Editorial Manager) on

Seán Fitzpatrick’s acquittal at the Irish Criminal Courts of Justice last month has sparked questions over the effectiveness of Ireland’s corporate crime-fighting agency, the Office of the Director of Corporate Enforcement (ODCE).
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Managing sanctions risk: The greatest challenge of all?

by: (Research and Development Manager) on

The UN, the EU, OFAC, and OFSI (the new UK sanctions body) have sanctions against various countries, people, organisations and even inanimate object such as boats. This is why it is extremely important to manage sanctions risk and have a sanctions governance framework in place, which will include effective due diligence. This would, for example, prevent countries like North Korea from being able to hide behind front companies.
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[VIDEO] Wolfsberg PEP guidance summary

by: (Research and Development Manager) on

On 23rd May 2017, The Wolfsberg Group has recently, published updated guidance on how Financial Institutions (FIs) should handle politically exposed persons (PEPs) and the money laundering risks around this. This updates the original guidance given in 2003 and 2008.
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Making sense of online learning and its place in education

by: (Content Marketing Manager) on

Online learning is fast becoming a real alternative to how many people are choosing to learn. Why is this the case? Online learning is flexible, nimble and designed with the learner in mind; after all, many people who choose to continue with their education in the world of work are busy professionals with a work-life balance to address. When one makes the decision to continue with their professional education it’s vital that they do so in a way that suits their individual learning needs.

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AML in Africa: Improvements needed, but things looking up

by: (Editorial Manager) on

Africa Day was established in 1963 by the Organisation for African Unity (OAU), and is celebrated annually on May 25. This year’s day focused on the empowerment of youth, and in the spirit of empowerment and self-determination, we thought we would look at how countries on the continent are combatting money laundering (ML) and terrorist financing (TF).

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Why bother with the background reading at Diploma level?

by: (Governance, Risk and Compliance Course Director) on

When studying for a qualification, especially a professional ICA qualification, planning and forethought is key, particularly with the higher-level programmes such as the Diploma and the Professional Postgraduate Diploma. You’ve got to know your stuff before you can even begin to sit down to write.
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[Infographics] Global Cyberattack Statistics

by: (Research & Development Manager) on

The recent global cyber-attack has been headline news around the world and has highlighted the fragility of the systems used by organisations to do business. Some household names have been affected by the ransomware attack such as, FedEx, Nissan, Telefónica and the UK’s National Health Service. Here are some statistics to illustrate what we know about the attack so far.

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The Global Cyberattack

by: (Research & Development Manager) on

The global cyberattack of 2017 has been found in 150 countries around the world and has affected more than 200,000 computers, according to Europol, the European law enforcement agency. It’s one of the largest attacks of its kind ever carried out.

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