What is Business Intelligence and How Does it Transform Businesses
Business Intelligence or Human Source Intelligence, often referred to as Human Intelligence (HUMINT) in the context of intelligence gathering, refers to the process of getting information through human interactions, interviews or other human-centred methods. This type of enquiry typically involves collecting data from individuals who possess relevant knowledge or insights about a subject, situation, organization […]
Understanding Third-Party Risk and Its Importance for Businesses
In today’s interconnected business world, third-party risk management (TPRM) has become a critical focus for organizations. As companies increasingly depend on external vendors for essential services ranging from suppliers and contractors to cloud service providers and outsourced IT solutions, the need for robust risk management strategies has never been more pressing. While third-party partnerships are […]
Leveraging Investigations to Combat Financial Crimes
In the fight against money laundering and terrorism financing, investigations are crucial in uncovering illicit activities and holding perpetrators accountable. Bank Negara Malaysia (BNM) has identified two major offences frequently committed by financial institutions that contribute to the proliferation of such criminal activities – failure to conduct Customer Due Diligence (CDD) and sanctions screening upon […]
Top 5 Compliance Related Trends and Challenges in 2021
Government agencies and large corporations alike depend on compliance laws to maintain ethical and legal boundaries. Unfortunately, for those in this field, there will be more challenges ahead (as we’ll explain later). Public and private organisations around the world face new laws and regulations, as well as increasingly stringent penalties and enforcement. Violations can lead […]