International Compliance Associations expands into US to provide globally recognized training and certifications for compliance professionals
The International Compliance Association (ICA), a global, not-for-profit professional membership body supporting compliance professionals through independently awarded certifications, announces its expansion into the US, with its primary training partner, International Compliance Training (ICT). The US team, based in New York, offers programs covering Anti-Money Laundering (AML), Anti-Bribery & Corruption, Know Your Customer (KYC), Sanctions and Managing Fraud to help further the careers and knowledge of compliance professionals, with differentiated course levels available for each career stage.
UK financial fraud up by a quarter in first half of 2016
Financial fraud in the first half of 2016 increased by a quarter to £399.5 million, enabled by scams and online attacks, new figures published today by Financial Fraud Action UK (FFA UK) show.
Wells Fargo fined $185m for opening millions of accounts without customers' knowledge
Wells Fargo has been fined $185 million for opening up to two million unauthorised deposit and credit card accounts, issuing and activating debit cards without consent and creating phony email addresses to enrol people in online services.
Businesses under-reporting cybercrime - Barclays/IoD
March 3, 2016 - Businesses are not taking cyber security seriously enough, the Institute of Directors (IoD) warned today, with under a third (28%) of cyber attacks being reported to the police.
The Open University and Innovate Finance launch world’s first FinTech 101 course
August 4, 2015 - Innovate Finance, the membership association for the UK's global FinTech sector, and The Open University, a world leader in part-time learning, have launched the world's first introductory course to financial technology.
DTCC proposes global data harmonisation
June 17, 2015 - The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, issued its recommendations on global data harmonization to the CPMI IOSCO Harmonization working group today, detailing a proposed path towards a global data harmonization, with credit derivatives identified as the first step.
Ernst & Young to invest $20 million in cybercrime centre
June 9, 2015 - In an environment where cybercrime is an increasing threat for organizations across the globe, EY today announces the launch of its Managed Security Operations Center (SOC) services.
Corporate Treasurers Receive an "F" for Fraud Prevention, shows Kyriba / ACT Survey
May 20, 2015 - Many corporate treasurers are in denial about the threat that financial fraud poses for them, according to the 2015 Kyriba / Association of Corporate Treasurers annual treasury survey. The survey of more than 300 treasury and finance professionals revealed that 53% of organisations have experienced attempted fraud (either external or internal), and more than half of these companies have suffered losses as a result of these attempts. Despite this risk, only 11% of treasury professionals view fraud as one of their three most pressing issues for the coming year, while just 6% said that their company's approach to fraud prevention is "poor."
