In order to protect the financial system from abuse, measures to comply with national and international embargo regulations are required. Filter software systems and their rule sets are of great importance there. However, these must be analyzed regularly to guarantee optimal hit quality.
Compliance in Industry Strict regulations and laws such as in the financial sector – think of the money laundering guidelines or anti-terrorism regulations – do not yet exist for the industry. Regulations are relaxed, which unfortunately takes its revenge in some cases. ThyssenKrupp for example had to pay penalties for price-fixing in the amount of over 900 million euros. Other
Christmas time is the time to give, also for businesses. But is Santa welcomed? While we can look forward to gifts from family and friends carefree, or – if things are not as expected – only with short disappointment till the big annual exchange – presents from business partners may come with legal consequences. Those who give or accept too
From typo to terrorist financing? Applied linguistics in compliance When the EU imposed sanctions on the Gaddafi regime in early 2011, no one could have foreseen the ensuing problems for compliance. A lack of clear standards for the spelling of Arabic names in Roman script gave rise to dozens of variations of the Libyan leader’s name. From Muammar Qaddafi and