Compliance

The recent scourge of data breaches saw some of the largest companies make headlines for all the wrong reasons over the last 12 months. The personal data of millions of individuals was compromised; ensuring security and compliance is a crucial factor for consumers. Consumers support the introduction of stronger regulations and are seeking organisations that prioritise security, privacy, and anonymity – all of which are underpinned by compliance.

Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa and South Asia (MEASA) region, has chosen anti-financial crime compliance specialist Napier to upgrade the screening services they employ with Napier Client Screening. With the next-gen solution, the DIFC Authority will benefit from continuous large-scale client screening and re-screening capabilities to ensure it fulfils regulatory compliance requirements. The partnership will help DIFC safeguard its reputation and vigilant adherence to international anti-money laundering and combating the financing of terrorism (CFT) standards.

Grant Thornton announced changes to its Tax leadership. Sandie Boswell, Partner – Innovations Incentives was appointed the National Managing Partner for Tax, taking over from Nicole Bradley, National Managing Partner – Audit who has held the role since 2019. Sandie has over 20 years’ experience in R&D Incentives and Government programs. While Sandie’s focus is primarily R&D and incentives, her strong leadership experience, laser focus on the tax industry, and passion for tax reform means she is able to simplify complicated tax issues for customers and help them succeed in the ever-evolving regulatory environment. 

Profectus Group, a tech-driven services provider of compliance and recovery solutions, has signed a deal with Transport for NSW to help the firm streamline the compliance of complex supplier contracts. Transport for NSW (TfNSW) is the state govt agency responsible for delivering safe, efficient, and reliable transport services across New South Wales.

The ATO has refreshed the way that taxpayers claim deductions for costs incurred when working from home. The changes better reflect working from home arrangements. Assistant Commissioner Tim Loh said that taxpayers can choose one of two methods to claim working from home deductions: either the “actual cost” or “fixed rate” method.

Profectus Group, a global tech-driven services provider of compliance and recovery solutions, has appointed Abhinov Gulati to the newly created role of Chief Information Officer (CIO). Gulati will be responsible for leading Profectus Group's tech strategy and executing its digital transformation initiatives. Gulati's hire is effective immediately.

Alpian, Switzerland’s first digital private bank, and Napier, provider of advanced financial crime compliance solutions, announce their partnership to implement a robust, end-to-end risk management platform for the bank. Napier will supply Alpian with its full suite of financial crime compliance tech through its intelligent compliance platform, Napier Continuum, offering full AI-enhanced risk management capabilities across the entire risk profile of Alpian clients.

Outseer, a provider of payment authentication and account monitoring solutions, announced the appointment of Yogesh Patel as CTO & Chief Data Scientist. Patel will lead the tech and data science teams in pursuit of Outseer’s mission to liberate the world from financial fraud. Throughout his career Patel has led the architecture, development, and implementation of solutions to address financial fraud. Notably he led the architecture of fraud systems at two of the largest banks in the world, HSBC and Lloyds Bank. In addition, he led the design and development of fraud systems at solution providers including NICE Actimize and Callsign.

Napier, the financial crime compliance specialist, announced that its end-to-end financial crime risk management platform, Napier Continuum, is available to the Japanese market through a newly-minted partnership with Japanese firm GRCS. Established in 2005 and listed on the Tokyo Stock Exchange Growth Market, GRCS provides expertise and solutions in governance, risk management, compliance, and security to regulated Japanese firms.

Napier, provider of anti-financial crime compliance solutions, announced that investor services group IQ-EQ is upgrading its screening capabilities to Napier’s AI-enhanced Client Screening. Napier’s Client Screening solution will enhance IQ-EQ’s existing systems by screening clients at relevant intervals against sanctions, Politically Exposed Persons (PEP) lists, and other key watchlists. The AI will also help IQ-EQ to reduce false positives and enable faster screening.