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…
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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…
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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…
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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…
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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…
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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…
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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…
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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.…
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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…
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In our last blog, we discussed how businesses and their first line control partners should proactively manage risk as part of a successful transition to cloud and new technology implementation. The emerging use of AI technologies in customer facing business processes increases…
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On March 30th, 2022, the Securities and Exchange Commission’s Division of Examinations (SEC) announced its 2022 examination priorities. The focus in 2022 will be on Private Funds and Registered Invest...
If you have paid any attention to the financial regulatory priorities of the Biden-Harris Administration, you know that U.S. regulators are keenly focused on environmental, social and governance (ESG)...
In our last blog, we discussed how businesses and their first line control partners should proactively manage risk as part of a successful transition to cloud and new technology implementation. The em...
The 26th United Nations Climate Change conference was held in Glasgow, Scotland from 31 October to 13 November 2021. While much has been written about the successes and failures of this Conference of ...
Cryptocurrency, or crypto, has overtaken the news throughout 2021 to date. Whether it be Bitcoin’s $60,000 price tag and subsequent fall, the rise of a coin based on a DOGE 1 meme, or a crypto service...
Environmental, Social, and Governance (ESG) regulations are emerging with speed and force, both within the United States and globally. Indeed, as we highlighted in Accenture’s 2021 Global Risk Manage...
Accenture frequently partners with leading innovative solution providers, such as 4CRisk, to bring the best technology and business solutions to our clients. 4CRisk.ai provides advanced AI Solutions ...
As evidenced by last month’s United Nations Climate Change Conference (a/k/a “COP26”) in Glasgow, Scotland, global leaders are keenly focused on climate-change and the environment. As a result, compan...
What was it the late Stephen Hawking once said? … “AI could be the worst event in the history of our civilization”? That’s hard to imagine when artificial intelligence (AI) has undoubtedly become a cr...
Many financial institutions around the globe have committed to fight climate change by setting ambitious goals in the near and long-term future and working to embed the management of ESG risks into th...
