The 14th Sanctions Package, published by the EU Council on 24 June 2024, underscores the need for vigilance regarding sanctions, especially those linked to the Russian war in Ukraine. The Package introduces restrictions on Russian LNG projects, bans on importing Russian LNG and helium, and sanctions on Russian banks...
The Instant Payments Regulation (IPR/the Regulation) requires all payment service providers (PSPs) to send and receive euro payments within seconds, on a 24/7 basis, across the EU. The key dates include 9 January 2025 with respect to receiving instant payments, and 9 October 2025 for sending the same and implementing...
AI and machine learning enhance transaction monitoring by improving efficiency and detecting overlooked financial crime patterns. However, challenges include explainability, bias, and "AI hallucinations," where models produce unreliable outputs. Organisations must regularly test AI models, ensure transparency, and...
Money laundering and financing of terrorism (ML/FT) pose a serious threat to the integrity of the EU economy and financial system and to the security of its citizens. The current Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regime at EU level takes the form of a directive which requires...
The first CSRD reports reveal that companies are still adapting to new sustainability disclosure requirements. Key steps include early alignment with CSRD standards, setting up structured double materiality assessments, and expanding disclosures beyond mandatory topics, where relevant. Climate Change remains a...
As operations grow, reaching net zero requires clear plans, coordination, and ongoing effort. Key actions include setting an emissions baseline, transitioning to renewable energy, using smart technologies, and involving both leadership and employees. Managing Scope 1, 2, and 3 emissions, especially from travel and...
CFOs are central to integrating sustainability into corporate strategy, ensuring compliance, and leveraging financial and operational benefits within ESG projects. Key responsibilities include embedding sustainability into decision-making, engaging stakeholders, optimising tax incentives, and maintaining rigorous...
With growing regulatory and market pressure, certifications like ISO, EcoVadis, MSCI, CDP, Bloomberg, Green Key, LEED, BREEAM, and B Corp provide clear guidelines for meeting environmental and social standards. They enhance reputation, attract investors, and bring financial benefits. Achieving certification requires...
In the competitive business landscape, delivering exceptional customer experiences is crucial. PwC highlights the transformative power of Customer Relationship Management (CRM) technology in achieving this goal. CRM systems, which include modules for sales, customer insights, service, marketing, and field service,...
In today's digital landscape, safeguarding information systems is crucial. Key components of a robust cybersecurity strategy include device management, patch management, and vulnerability assessment. These practices protect systems and ensure compliance with regulations. Patch management addresses security...
Google’s Willow chip marks a major milestone in quantum computing, achieving breakthroughs in error correction and computational power. While the technology remains experimental and years away from practical applications, it highlights both the future risks to data security and the need for balanced preparation.
Understanding and leveraging customer segmentation is essential for driving revenue growth in today's competitive business environment. By dividing a broad market into sub-groups based on shared characteristics, businesses can tailor their marketing strategies, products, and services to meet specific needs, leading to...
