With its enthusiastic trade in credit default swaps, the financial industry is playing a deadly version of pass the parcel, says Sunil Poshakwale.
Iain McLeod, Managing Director of SAI Global Compliance, looks at the FSA’s latest report on Data Security in Financial Services and addresses how firms can be more pro-active and successful in their approach to training and awareness.
In your efforts to ensure SOX (or PCI/DSS, or…) compliance, you’ve set up a log management solution. Systems across your enterprise are churning out logs that are being stored securely, reported on and analyzed. Your boss is happy. Your auditor is … gone.
Anti-money laundering (AML) & Counter-Terrorism Financing (CTF) screening – the systematic checking of client identity details against a commercial database of names to identify risk is a simple enough task in theory.
Rupert de Ruig of Dow Jones tells FST that strong anti money laundering practices are the best way for financial institutions to avoid more regulation.