LEGAL LITIGATION INVESTIGATIVE DUE DILIGENCE SUPPORT VITAL TO PREVAILING

When making important business and legal case decisions, it is critical to undertake an appropriate Investigative Due Diligence research initiative.  Investigative due diligence refers to the database research and analysis of an individual or organization done in preparation for a business transaction or legal litigation strategy.  Concealed or misrepresented facts can leave companies vulnerable to … Read more LEGAL LITIGATION INVESTIGATIVE DUE DILIGENCE SUPPORT VITAL TO PREVAILING

KNOW YOUR CUSTOMER (KYC) PROCEDURES TO ASSESS CUSTOMER RISK & LEGAL REQUIREMENT TO COMPLY WITH ANTI-MONEY LAUNDERING (AML) LAWS

Do you know your customer?  If you are a Bank or other Financial Institution (FI), you could face possible fines, sanctions, and reputational damage, if you do business with a money launderer or terrorist. More importantly, KYC is a fundamental practice to protect your organization from fraud and losses resulting from illegal funds and transactions. … Read more KNOW YOUR CUSTOMER (KYC) PROCEDURES TO ASSESS CUSTOMER RISK & LEGAL REQUIREMENT TO COMPLY WITH ANTI-MONEY LAUNDERING (AML) LAWS

COMMERCE TIGHTENS RESTRICTIONS ON TECHNOLOGY EXPORTS TO COUNTRIES OF CONCERN, IN PARTICULAR CHINA, RUSSIA & VENEZUELA

The Department of Commerce’s Bureau of Industry and Security (“BIS”) published two new final rules and a proposed rule in the Federal Register amending the Export Administration Regulations (“EAR”) to tighten restrictions on exports of technology to China, Russia, and Venezuela. According to Commerce Secretary Wilbur Ross, these actions are intended to combat efforts by … Read more COMMERCE TIGHTENS RESTRICTIONS ON TECHNOLOGY EXPORTS TO COUNTRIES OF CONCERN, IN PARTICULAR CHINA, RUSSIA & VENEZUELA

HOW WILL COVID-19 AFFECT VENTURE CAPITAL INVESTMENT STRATEGIES AND VENTURE-BACKED STARTUPS?

No doubt, COVID-19 is shaking up the markets, and we are seeing more uncertainty in the public markets and venture segments than we have since 2008. VC Investments Will Likely Become Somewhat More Conservative Among the #VCs the general response to various industry surveys, a little more than half thought they would make fewer and … Read more HOW WILL COVID-19 AFFECT VENTURE CAPITAL INVESTMENT STRATEGIES AND VENTURE-BACKED STARTUPS?

AUTOMATION IS CRUCIAL TO SUPPLY CHAIN AGILITY IN THIS CHALLENGING GLOBAL BUSINESS ENVIRONMENT

In these uncertain times, Automation is on the minds of executives across all market sectors as they look for ways to decrease disruption from future crises or even ensuing waves of COVID-19. CFO’s have responded to various industry surveys regarding the intense interruption of all phases of their overall businesses from the effects of the … Read more AUTOMATION IS CRUCIAL TO SUPPLY CHAIN AGILITY IN THIS CHALLENGING GLOBAL BUSINESS ENVIRONMENT

GLOBAL SUPPLY CHAINS UNLIKELY TO RELOCATE POST-CORONAVIRUS

Major shifts in #supplychains are not on the horizon for most supply chains, according to the survey of CFOs, since a return of some manufacturing activity in countries hit early by the virus has diminished the possibility of long-term supply disruption. “As we see different parts of the world moving online, that has reduced the immediate necessity … Read more GLOBAL SUPPLY CHAINS UNLIKELY TO RELOCATE POST-CORONAVIRUS

MEMORIES FADE QUICKLY AFTER MAJOR DISRUPTIONS LIKE COVID-19, AS COMPANIES ONCE AGAIN FOCUS ON SHORT-TERM APPROACHES TO THEIR SUPPLY CHAIN

COVID-19 has disrupted global supply chains across industries and market segments into a state of uncertainty. Its disruption is unprecedented in recent history. One thing that has become painfully clear is just how unprepared companies and their #supplychains are to respond to the current global pandemic. As consumers we are all aware that supply is … Read more MEMORIES FADE QUICKLY AFTER MAJOR DISRUPTIONS LIKE COVID-19, AS COMPANIES ONCE AGAIN FOCUS ON SHORT-TERM APPROACHES TO THEIR SUPPLY CHAIN

U.S. TIGHTENS CONTROLS ON EXPORTS TO CHINA TO PREVENT MILITARY FROM OBTAINING THEM

The U.S. Department of Commerce on Monday announced new rules aimed at tightening export controls on items to China that could end up in the hands of that country’s military, even if they are for civilian use.  The first rule, which will go into effect 60 days after it is published in the Federal Register, expands U.S. licensing … Read more U.S. TIGHTENS CONTROLS ON EXPORTS TO CHINA TO PREVENT MILITARY FROM OBTAINING THEM

THE FINANCIAL CRIMES ENFORCEMENT NETWORK (FINCEN) ENCOURAGES FINANCIAL INSTITUTIONS TO COMMUNICATE CONCERNS RELATED TO THE (COVID-19) & TO REMAIN ALERT TO RELATED ILLICIT FINANCIAL ACTIVITY

FinCEN requests financial institutions affected by the #COVID-19 pandemic to contact #FinCEN and their functional regulator as soon as practicable if a COVID-19-affected financial institution has concern about any potential delays in its ability to file required Bank Secrecy Act (BSA) reports.  Financial institutions seeking to contact FinCEN should call FinCEN’s Regulatory Support Section (RSS) … Read more THE FINANCIAL CRIMES ENFORCEMENT NETWORK (FINCEN) ENCOURAGES FINANCIAL INSTITUTIONS TO COMMUNICATE CONCERNS RELATED TO THE (COVID-19) & TO REMAIN ALERT TO RELATED ILLICIT FINANCIAL ACTIVITY

THE TRUE COST OF FINANCIAL CRIME COMPLIANCE STUDY 2020

Interesting to see the True Cost of Financial Crime Compliance Study 2020, which surveyed 900 #compliance professionals globally, the UK spent a projected $49.5bn on financial crime compliance 2019, Germany spent $47.5bn, and the US $26.4bn. Reasons for the UK and Germany’s costs include increasingly complex regulations, data privacy limitations, sanctions violations and increased enforcement, resulting in … Read more THE TRUE COST OF FINANCIAL CRIME COMPLIANCE STUDY 2020