EuroFinance survey reveals companies without formal procedures risk fraud going unreported

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Category: Risk Management
Created: Sunday, 22 July 2012 20:00

EuroFinance survey reveals companies without formal procedures risk fraud going unreported

July 23, 2012 - A recent survey by EuroFinance, the global specialists in treasury research and events, has revealed that over a third of finance professionals have witnessed serious financial wrongdoing in organisations they have worked in. Respondents who worked in banks or financial institutions were more likely to have witnessed this type of activity (41%).

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HSBC compliance head quits at US hearing

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Category: Compliance
Created: Tuesday, 17 July 2012 20:00

HSBC compliance head quits at US hearing

July 18, 2012 - HSBC's head of compliance fell on his sword in front of a US Senate subcommittee Tuesday after the banking giant was excoriated for lax money laundering controls.

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HSBC compliance head quits at US hearing

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Category: Governance
Created: Tuesday, 17 July 2012 20:00

HSBC compliance head quits at US hearing

July 18, 2012 - HSBC's head of compliance fell on his sword in front of a US Senate subcommittee Tuesday after the banking giant was excoriated for lax money laundering controls.

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GAO: IT Challenges in Securing the Electricity Grid

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Category: Information Security
Created: Monday, 16 July 2012 20:00

GAO: IT Challenges in Securing the Electricity Grid

July 17, 2012 - The threats to systems supporting critical infrastructures are evolving and growing. In testimony, the Director of National Intelligence noted a dramatic increase in cyber activity targeting U.S. computers and systems, including a more than tripling of the volume of malicious software.

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FATCA Accreditation Scheme Unveiled

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Category: Ethics & Training
Created: Thursday, 12 July 2012 20:00

FATCA Accreditation Scheme Unveiled

July 13, 2010 - B.I.S.S. Research and Globe Tax Services have formed a joint venture to launch Foreign Account Tax Compliance Act (FATCA) accreditation, which aims to assist financial companies and their treasury departments in achieving FATCA compliance across an enterprise by identifying strengths and weaknesses in their systems and procedures and establishing a corporate standard.

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  4. FATCA Accreditation Scheme Unveiled
  5. Internal Audit Function Needs Greater Support, says Survey
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  7. SEC Approves New Rule Requiring Consolidated Audit Trail to Monitor and Analyze Trading Activity
  8. Internal Audit Function Needs Greater Support, says Survey