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LexisNexis: APAC financial crime compliance cost in 2023 totals US$45

Future CFO

The cost of financial crime compliance in the Asia-Pacific region in 2023 totaled US$45 billion, according to a study by LexisNexis Risk Solutions. This emphasises the investment needed in highly qualified compliance professionals to effectively address and fulfill stringent compliance requirements.

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Leverage AI for onboarding and upskilling to boost your bottom line

CFO Talks

AI streamlines the onboarding process by automating administrative tasks such as form filling, document processing, and compliance training, allowing new hires to hit the ground running from day one. Traditional onboarding methods often involve cumbersome paperwork, manual data entry, and lengthy orientation sessions.

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Companies to significantly reduce annual compliance training

Future CFO

Companies are estimated to reduce annual compliance training by 50% by 2025, said Gartner recently. Many compliance leaders are dissatisfied with the effectiveness of their existing program activities,” said Chris Audet, senior director, research in the Gartner Legal, Risk & Compliance practice.

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POV: Why CFOs can’t ignore privacy and compliance in 2023

Future CFO

What are the role of Chief Financial Officers (CFO) and senior finance leaders when it comes to data privacy and compliance? CFOs today need to have a strong understanding of technology-driven issues such as information security, data management, and data privacy and compliance.

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Financial crime compliance costs rise in last 12 months, LexisNexis report says

Future CFO

Global financial crime compliance costs among financial institutions totalled over US$206 billion in the past 12 months, according to a LexisNexis risk solutions study. This marks the highest increase in financial crime compliances costs in the last 12 months. per month for each working-age individual in the world. in comparison.

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Integrating DSE Order-to-Cash with Built-in RevRec Compliance

Bramasol

This latest installment in our ongoing DSE blog series takes a step back with a holistic look at the entire order-to-cash process and explores how revenue accounting compliance can seamlessly integrate with DSE. Compliance with ASC 606 / IFRS 15 requires separate cumbersome processes. How to Get Started?

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#FA Success Ep 352: Finding Personal Scale By Leveraging Yourself Through Outsourced Delegation, With Bridget Venus Grimes

Nerd's Eye View

What's unique about Bridget, though, is how, as a solo advisor, she found herself overwhelmed with the pressures of having to manage different aspects of her business while also providing great service to her clients as she quickly grew to $77M of AUM in 7 years, and has decided to not to "scale" her firm by hiring more advisors but instead leverage (..)