The Corporate Transparency Act (CTA) is shaking up how small businesses handle ownership disclosures. Enacted in 2021, this Act went into effect in January of 2024. It's enforced by the Financial Crimes Enforcement Network (FinCEN), which is part of the U.S. Department of Treasury. Similar to the Economic Crime and Corporate Transparency Bill enacted a few years ago in the UK, the goal of CTA ...
The U.S. regulatory environment is on the brink of significant transformation with the impending transition to a new presidential administration. Anticipated policy shifts have ethics, governance, risk, and compliance (GRC) professionals preparing for change on multiple fronts including international trade, cybersecurity, regulatory compliance, and diversity, equity and inclusion (DEI) programming. "As with all change, risks and opportunities must be considered," shares Christine Brown, Vice President ...
As risk landscapes grow more intricate and regulatory demands intensify, outdated, siloed approaches to ethics, governance, risk, and compliance (GRC) can no longer keep up. Organizations need adaptive, integrated strategies to stay resilient. At SAI360’s CustomerConnect event in Chicago, GRC and Ethics & Compliance professionals gathered over two days in November to discuss these challenges openly. One of several global events recently hosted by SAI360, ...
Artificial intelligence (AI) is transforming industries worldwide. It's transforming rapidly, and even sweeping day-to-day media headlines. For instance, Tesla recently introduced its humanoid robot, Optimus, with Kim Kardashian's promotion of it on her social media channels helping make Optimus more of a global household name. Meanwhile, SpaceX launched India’s GSAT-N2 satellite, set to revolutionize broadband and in-flight connectivity across the region. SpaceX now has rockets ...
The European Union's AI Act (EU AI Act), effective starting August 1, 2024, represents a comprehensive regulatory framework aimed at managing artificial intelligence applications based on their associated risks. This landmark regulation introduces a tiered system. One that classifies AI systems into the following risk categories (each tied to distinct compliance requirements): Low/no-risk Limited risk High-risk Why was the EU AI Act created? To foster ...
Regulatory compliance issues in 2024 are undergoing significant shifts, with new laws and standards being introduced worldwide. In the meantime, the European Union is rolling out stricter data privacy regulations, impacting companies across sectors. Additionally, several countries are tightening anti-corruption laws in response to recent bribery scandals involving multinational corporations. In addition, the EU AI Act came into effect in August of 2024. Staying informed about these ...
Thank you for your interest in the 2023 Bank Failures Spur Proposed Changes by FDIC - What Risk Managers Need to Know eBook Download Organizations need effective tools and systems that support and reinforce a culture of compliance and ethical decision-making. This is where Governance, Risk, Compliance (GRC) software and Ethics & Compliance (E&C) Learning solutions come into play. Click here to schedule a virtual ...
In an era of increasing regulatory scrutiny and evolving compliance requirements, financial institutions face growing pressure to enhance the efficiency and effectiveness of their regulatory examination processes. Manual methodologies often prove cumbersome, time-consuming, and prone to errors, leading institutions to seek innovative solutions for automation and optimization. An insightful webinar presented by SAI360, where we demonstrate how an effective exam management solution can revolutionize the ...
As the regulatory landscape continues to evolve rapidly, financial institutions are facing unprecedented challenges in navigating the complex maze of compliance requirements. With the November 2024 U.S. election drawing nearer, regulators are intensifying their efforts to enact new rules aimed at bolstering the stability and integrity of the financial system. In a collaborative webinar featuring Regroom and SAI360, industry experts delve into the pivotal role ...
On-Demand Webinar In an era of increasing regulatory scrutiny and evolving compliance requirements, financial institutions face growing pressure to enhance the efficiency and effectiveness of their regulatory examination processes. Manual methodologies often prove cumbersome, time-consuming, and prone to errors, leading institutions to seek innovative solutions for automation and optimization. Join us for an insightful webinar presented by SAI360, where we demonstrate how an effective exam ...
