Reach for the SARs Baker partners posted the following helpful blog on SARs https://www.bakerandpartners.com/blog/reach-for-the-sars/ on LinkedIn And although I found this posting useful and timely reminder of risks I felt that a key message was lost in the posting – I highlight this matter below The bog below   The JFSC has been focusing heavily on […]

While the cyber security community is still working to understand the latest ExPetr ransomware attack that has reportedly hit 60 countries, there are key lessons to be learned – these can be seen as: Having the latest versions of software and ensuring they are patched up to date will go a long way in reducing […]

On 21 November 2016 the FCA issued a booklet aimed at consumer credit firms setting out good and bad practice on compliance with obligations under the Money Laundering Regulations 2007 (MLR). While directed at consumer credit firms, the booklet is, of course, relevant to all firms subject to the MLR. AML Focus Financial crime is one of seven regulatory […]

With the recent passing of John Noakes I was reminded of the following closing statement on 17th November 2015 from Simon Gaudion, Director Enforcement Division at the GFSC….. I would also like to reiterate the comments I have made on previous occasions concerning our enforcement processes. We are not trying to catch anybody out with […]

What Uber should do to fix its toxic culture…earlier this month (June 2017), the US law firm of Covington & Burling LLP (Covington), released its long-awaited report (Report) to the Special Committee of the Board of Directors of Uber Technologies, Inc. (Uber). Similar to the Shearman & Sterling report to the Wells Fargo Board of […]

According to the International Federation of Accountants: “Proper risk management and internal control help organizations understand the risks they are exposed to, put controls in place to counter threats, and effectively pursue their objectives. They are therefore an important aspect of an organization’s governance, management, and operations.” Internal controls not only help companies recognize the risk […]

“People don’t buy what you do, they buy why you do it”….An effective culture then is born from the ‘why’, not the ‘what’.

Compliance is not the “Department of No”……Compliance is the “Department of Know”