Faced with new requirements, financial sector companies have increased their investment in anti-money laundering (AML) compliance efforts. Avoiding the inadvertent process of noncompliance, “AML drift”, is the key to a successful surveillance program. This whitepaper provides methods and techniques to help companies optimize their AML compliance program and protect themselves from regulatory impact.
While organizations have made significant security improvements, they have not kept pace with today’s determined adversaries. As a result, many rely on yesterday’s security practices to combat today’s threats. The results of this survey show that executives are heeding the need to fund enhanced security activities and have substantially improved technology safeguards, processes, and strategies.
For strategic transactions, managing the risks typically associated with Corporate Treasury can be paramount to a deal’s success. This article explores how to navigate those risks and seize the inherent opportunities that effectively position Corporate Treasury and strategically transform the new organization.
PwC's Risk Assurance Group invites you to attend this webcast to learn how to maximize the efficiency and effectiveness of your journal entry process using the right combination of controls and GRC technology.
In the context of FCPA, despite a company's earnest compliance efforts, it is possible that a rogue employee or business partner operating in an emerging market offers a bribe to a foreign government official. Join us for an engaging discussion on what companies should consider doing when things go unexpectedly wrong and they find themselves in such a predicament and potentially before US regulators.
Results of this year’s survey – including responses from more than 9,600 executives across 115 countries, and virtually every industry – show that executives are heeding the need to fund enhanced security activities and have substantially improved technology safeguards, processes, and strategies. Budgets are rising and confidence continues to climb. But while many organizations have raised the bar on security, their adversaries have done better.
What are the technical and reporting issues impacting retail and consumer products companies? PwC's Retail & Consumer KnowledgeBrief provides insights and summaries on restructuring comment letter trends and disclosure reminders, data protection, conflict minerals, the Patient Protection and Affordable Care Act, and more.
What most concerns investors? What do investors expect of corporate directors? How do investors view the current quality of corporate disclosures? We asked investors about these issues, and the message received is clear: Investors want to know more about the risks that companies have identified, and how they are managing them. And investors are looking for more information.
Security incidents at financial institutions attributed to partners and vendors rose to 18% in 2012. Although improvements to strengthen third-party risk management (TPRM) have been made, PwC has found that most institutions still need to apply a risk-based approach to their vendor reviews.
What is the state of compliance for retail and consumer companies in terms of formal compliance infrastructure, resources, and processes? How is the compliance environment for retailers and consumer goods companies different from other industries?
PwC's Risk Assurance Group invites you to watch this webcast to find out whether integrating GRC and IdM is the right decision for your organization and to how to leverage the strengths and functionality of GRC and IdM to meet and exceed stakeholder requirements.
This issue of the Technology Forecast quarterly investigates how web-based companies maintain continuity amid continuous changes to production systems and explores what large enterprises can learn from them.
PwC's Risk Assurance Group invites you to watch this webcast to find out what companies can do to enhance their fraud management and error detection efforts utilizing highly tuned and tailored analytics.
Multinational companies today have become the norm, while managing operations and keeping accurate books has become more complicated. Learn how you can deliver true value to Transfer Pricing process by eliminating manual and intensive work each period.
This paper discusses the factors that can be attributed to the growing popularity of leasing, the advantages of having a well-designed customer experience lease strategy and how this can help support long-term customer retention and loyalty and serve as a springboard to capture additional market share as well as help to offset potential regulatory risk issues.
Whistleblower reform is having significant impact. The SEC’s Office of the Whistleblower has one full year of operation under its belt, and with it 3,001 tips and two awards to date. Leading companies are looking closely at the Office’s first-year report and drawing lessons for building stronger ethics and compliance programs. They’re also considering what it takes to create a highly ethical culture. This 10Minutes highlights the importance of having an ethical culture at the workplace.
Insurance Banana Skins 2013 is piece of research conducted by PwC in association with the Centre for the Study of Financial Innovation (CSFI), an independent think tank. It's a survey of insurers and seeks out their views on current risk and future trends.
On this webcast, PwC shares the results of the most recent Business Continuity Insights survey and discusses the broader trends of recent changes in BCM and what challenges companies may face going forward, especially as they relate to crisis management / social media, BCM methodology, third party resiliency, and BCM 2022.
This PwC World Watch article explains why clear information and reporting on your business model is the first step to making it fit for the future, and asks "Does yours add value? And will it in 2020?"
Exchange Traded Funds (ETFs) continue to experience significant growth, both in the US and globally. Successful ETF sponsors will need to adapt to the increasing competitive landscape to operate in an efficient and cost effective manner.
On May 14, 2013, COSO published an updated Internal Control-Integrated Framework and related illustrative documents. This Dataline highlights noteworthy updates to the Framework, summarizes the purpose of the illustrative documents, and highlights key considerations for clients.
10Minutes on conflict minerals provides insight into the strategic benefits and risks companies will want to focus on as they comply with the SEC's conflict minerals rule. The rule is effective for 2013 calendar year operations, so regardless of whether companies view conflict minerals as a supply chain opportunity, risk to their brand or another regulatory to-do, they should act now to prepare.
Companies are reconsidering their risk thinking and approaches, but they’re also transforming to align with changing market imperatives—and in the process, exposing themselves to multi-directional risks.
In the wake of recent natural disasters, CBI has new approaches to modeling and risk assessment. Principles based reserving (PBR) for life products will require many insurers to take a fresh look at their systems, processes, data and governance for both pricing and valuation. read the first two sections of the 2013 edition of Top Issues, which PwC will release in its entirety in March.
Foreign Account Tax Compliance Act (“FATCA”) was enacted as part of the Hiring to Restore Incentives (“HIRE”) Act. FATCA was enacted with a primary goal of providing the Internal Revenue Service (“IRS”) with an increased ability to detect US tax evaders concealing their assets in foreign accounts and investments.
The acquisition of a business can have a significant impact on both the risk exposures and risk management strategies of the combined entity. In many cases, an acquirer’s financial risk exposure will increase as a result of the acquisition. However, there may be situations in which the acquiree’s operations reduce the acquirer’s current risk exposure. In any event, identifying potential changes in enterprise risks, creating an action plan to address them, and managing changes to risk management strategies post-acquisition are critical to developing short- and long-term solutions for integrating financial risk management considerations in an acquisition.
The second quarter 2012 'Current Accounting and Reporting Developments' webcast held on June 20, 2012 included a discussion by PwC's Don Keller on key considerations related to bribery and corruption issues in companies. This segment of the webcast is now available for podcast download.
An integrated approach to managing risk and business performance can help companies systematically link risk and reward to avoid the pitfalls of operating in a volatile global economy. Listen to Joe Atkinson, Leader of PwC's US Risk practice, to learn about the 5 stages for truly integrating risk and performance to achieve risk resilience in your organization.