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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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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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Joe Maxwell Would Emphasize the Importance of Regulatory Compliance

FISPAN

Joe invests in key pillars across multiple vehicles for approximately 40 companies: office of the CFO, Embedded Payments, all things ERP, private and public capital markets, and bank technology. Illustrating the pace of change, Joe noted that this number would rise to 100% within the next decade.

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Cost of financial crime compliance to hit US$ 50.1B in APAC

Future CFO

The total cost of financial crime compliance is projected to hit close to the US$ 50.1 billion mark in 2022 in Asia Pacific, said LexisNexis recently when releasing its latest study on the cost of compliance. . Financial institutions represented more than 80% of the total cost of compliance in the region at US$ 40.8

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Report: Tokenization And Data Vaulting Take The Sting Out Of PCI Compliance

PYMNTS

Adhering to Payments Card Industry (PCI) Data Security Standards (DSS) is an unavoidable requirement for any and all eTailers that accept card payments, but a surprising number of firms are not up to speed on these standards. HealPay On How SaaS, Payments Orchestration Provi ders Help Meet PCI Compliance.

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Fidor: How Cloud-Based Banking Helps With Compliance

PYMNTS

Many are debating upgrades or shifts to their data security standards, meaning that FIs will need to move fast to make sure where and how they are using cloud technologies to store this information complies with those changes. How The Pandemic Is Shifting Banks’ Understanding Of Clo ud Compliance.