Articles Compliance
The new General Data Protection Regulation (GDPR)
The new General Data Protection Regulation will enter into force on 25 May 2018, replacing the current data protection law. Non-compliant companies may be subject to penalties of up to Euro 20 million or 4% of their revenue, depending on local data protection laws.
The article illustrates the key aspects.
Anti-Money Laundering (AML) Guidance for the Accountancy sector
The guidance to help prevent money laundering and terrorist financing if you provide audit, accountancy, tax advisory or related services, has been updated in early January.
The article illustrates the main points.
The risk based approach
A Risk-based approach to Anti Money Loundering and Combatting Financial Terrorism means that countries, competent authorities and financial institutions, are expected to identify, assess and understand the Money Lounder and Terrorism Financial risks to which they are exposed and take AML/CFT, measures proportionate to those risks for mitigate them effectively.
The article illustrates the main points.
The Standard Chartered Bank Case
The Economic Secretary to the Treasury elevate two monetary penalties against the Standard Chartered Bank, for violation of sanctions issued by the Office Financial Sanctions Implementation, on the 18th of February 2020.
The article illustrate the facts and the major issues, extracting the 'best practice' applicable in those circumstances.
Big Data and Artificial intelligence in the decision process
The article contains guidance on how to assess the risk connected to the usage of Big data and Artificial intelligence in the decision process, and how mitigate it. The technical bases for this work are the solid methodology to audit AI, introduce by ICO within is paper on ‘Draft AI auditing framework’, published on the 1 of May 2020.
The article illustrate the best practices for leading AI implementation projects.