Search Results for: fincast – Page 69

While Know-Your-Client (KYC) has become an inherent part of the process for most corporates, due diligence on third-parties, such as suppliers, agents and intermediaries rarely occupies the centre of the stage. The impact of third-parties on a company’s business is often underestimated – lack of understanding of counterparties’ background and business practices increases the risk...

Alan S. Bernikow was a board member with K2 Integrity from 2010 to 2023 and was involved in the day-to-day operations of the firm. Alan retired as deputy chief executive officer of Deloitte & Touche, an industry-leading audit, consulting, tax, and advisory services firm. His primary responsibilities included assisting the chairman and CEO and managing...

K2 Integrity recently spoke with Thomson Reuters Regulatory Intelligence concerning a new law passed in China to counter foreign sanctions. The article, “In Wake of China Counter-Sanctions Law, Banks Should Be Contingency Planning, Experts Say” (25 June 2021), notes that though there is some vagueness in when or how the Chinese government may implement their counter to...

As part of K2 Integrity’s commitment to monitor and provide insights into the evolving global sanctions campaign against Russia, we have reviewed and summarized recent developments since our last update on 13 May. DOLFIN users can visit the updated Russia Sanctions page on DOLFIN to find additional resources and information on sanctions against Russia, including...

On 28 December 2020, the Office of Foreign Assets Control (OFAC) at the United States Department of the Treasury published a series of Frequently Asked Questions (FAQs)1 clarifying a number of significant uncertainties related to the 12 November 2020 Executive Order on Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies (the...

In “National Economic Security” (Foundation for Defense of Democracies, 14 January 2021), Juan Zarate examines the last four years of the Trump administration’s economic security policies, and provide perspective on priorities for the incoming administrations. His recommendations include:  Focus sanctions on rogue regimes and facilitators, especially proxies that facilitate sanctions evasion and money laundering. Prioritize, sequence, and choreograph...

It has been a rough few months for Luckin Coffee. The company once described as China’s homegrown Starbucks ignited controversy when it disclosed earlier this year that much of its 2019 revenues were fabricated. Its problems were only beginning. On 12 May 2020, Luckin announced it had fired its CEO as well as its chief...

Financial institutions have long suffered from the twin problems of high transaction-monitoring alert volumes and incomplete or low-quality data. Even before the COVID-19 pandemic, these challenges posed a constant risk to institutions by threatening to overwhelm compliance staff and making it difficult to implement an enterprise-wide risk-based approach. The challenges brought on by the pandemic...

NEW YORK/LONDON – 13 July 2022 – K2 Integrity is proud to announce that the firm’s EMEA and U.S. teams have been ranked in the 2022 Chambers and Partners Litigation Support and Crisis & Risk Management guides. The firm earned recognition for its client work in Chambers Litigation Support 2022 for Asset Tracing & Recovery...

Paul McCutcheon is an advisor working closely with K2 Integrity to grow its UAE and wider Middle East business. With over 25 years of living and working in the UAE and the wider Middle East, Paul has experience working in the region with family offices, corporations, sovereigns, and governments in the sectors of energy transition,...