Embracing technology and innovation in compliance and risk management

Are we truly becoming more knowledgeable to new and emerging risks? Organisations are collecting more data – the foundation of any decision making — because of improving technologies, changing business needs, to satisfy regulatory requirements and to enhance risk management capabilities in our institutions. According to Damien Pang executive director…

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ESG regulatory requirements grow as source of risk, opportunity

Emerging risks monitor report reveals ESG disclosures increasingly top of mind for executives in Q2 2021. Regulatory risk related to environmental, social and governance (ESG) disclosures has rapidly risen to the second overall position in Gartner, Inc.’s latest Emerging Risks Monitor Report. ESG regulatory requirements present organizations with both notable risks…

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Relentless change is creating more audit control caps

Raising organisational risk Audit organisations should improve their visibility into change but they should also strive to deploy audit resources faster a February 2021 survey of 200 audit business partners by analyst firm Gartner revealed, that over half (56 per cent) of respondents said they were facing more changes in…

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APAC compliance teams battle with extra sanctions

Few countries have dedicated local bodies for sanctions enforcement. During COVID-19, the speed and frequency of change in economic and trade sanctions regimes from major international regulators has increased the complexity associated with financial crime and trade compliance, at a time when APAC organisational resources may already be stretched thin,…

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