Welcome to the North America ESG Regulatory Newsletter! The goal of this newsletter is to inform practitioners about current and upcoming ESG regulations, and to provide other information helpful to navigating the rapidly evolving ESG regulatory landscape. Trending Topics (in Collaboration with Fintech Studios) Many companies, governments, and regulators are facing pressures to implement policies… The post ESG Regulatory Newsletter: July 2022 appeared first on Financial Services Blog ..read more

While external fraudsters who absconded with billions of dollars in pandemic relief have dominated headlines, less attention has been paid to employees scamming those very same programs. In the two years since the advent of the COVID-19 pandemic, news headlines have been awash with sensational stories about international crime gangs and con artists who stole… The post Inside Job: Fighting Internal Fraud in State Benefit Programs appeared first on Financial Services Blog ..read more

The EU-U.S. and Swiss-U.S. Privacy Shield Frameworks were deemed adequate mechanisms to facilitate transfer of personal data when they were initiated in 2016 and 2017, respectively. The Privacy Shield provided companies on both sides of the Atlantic a mechanism with which to comply with data protection requirements when transferring personal data from the European Union… The post Wielding the Privacy Shield appeared first on Financial Services Blog ..read more

This is the first in a two-part series on anti-fraud culture. Fraud continues to impact companies across industries and around the globe, with bad actors constantly switching their tactics to circumvent new controls. In the case of fraud, when one door closes a fraudster will find an open window. Combatting this ever-growing threat requires a… The post Bringing an Elusive Target into Focus: Cultivating Anti-Fraud Culture appeared first on Financial Services Blog ..read more

Corporate legal functions of the past were focused solely on providing the best legal advice possible. Today’s legal functions are required to manage greater complexity, and an increased pace of business and regulatory change. For legal functions operating at the forefront of transformation, new roles and skills are needed. Creating a legal operations capability within… The post Legal Operations—The Oft Missing Piece of the Puzzle appeared first on Financial Services Blog ..read more

Welcome to the North America ESG Regulatory Newsletter! The goal of this newsletter is to inform practitioners about current and upcoming ESG regulations, and to provide other information helpful to navigating the rapidly evolving ESG regulatory landscape. Trending Topics (in Collaboration with Fintech Studios) Standardization of ESG reporting continues to be a key area of… The post ESG Regulatory Newsletter: June 2022 appeared first on Financial Services Blog ..read more

As organizations look toward optimizing (or standing up) their loyalty fraud defenses, here is a simple framework to consider. Figure 1: Strategic Approach to Layer Loyalty Fraud Defenses  1. Start with what you have. Though it varies by industry, many organizations have loyalty program platforms with fraud controls that have not been activated, lest it… The post Thinking strategically about loyalty fraud appeared first on Financial Services Blog ..read more

Privacy concerns have evolved considerably over the years, from more industry-focused regulations, layered around information security standards, to a more holistic view encompassing consumer rights, precipitated by the General Data Protection Regulation (GDPR). Management of privacy risk has rapidly increased in stature and has driven an opportunity to be a platform for broader transformation with… The post Privacy of the future and the journey to customer trust appeared first on Financial Services Blog ..read more

General Counsels and legal leaders recently surveyed by Accenture confirm that Legal functions are on a journey to Future Law and the digital transformation of their function. 1 Our latest Compliance Risk Study results show that two-thirds of legal executives surveyed report that their functions have/plan to implement transformational legal change initiatives and programs in… The post Future Law: How corporate legal can win in a digital world appeared first on Financial Services Blog ..read more

Firms are increasing their use of consumer data to drive consumer behavioral insights, market share gains and operational efficiencies. As part of this strategy, firms collect large personal data and need to manage substantive and complex privacy obligations that come with them. These obligations, and risks attendant to them, become increasingly difficult to meet with… The post Finding a needle in a haystack – Monitoring Data Privacy Risks appeared first on Financial Services Blog ..read more