In a significant move to bolster the fight against financial crimes, the Economic and Financial Crimes Commission (EFCC) has called upon Designated Non-Financial Businesses and Professions (DNFBPs) in Benin City to enhance their compliance with anti-money laundering (AML) regulations. This call to
In the dynamic landscape of European Union regulations, the Omnibus proposal emerges as a significant turning point, sparking a sophisticated debate among stakeholders. The European Commission's intent behind the proposal includes simplifying compliance burdens that companies face, especially
Former President Donald Trump's recent remarks urging the repeal of the CHIPS Act have sparked significant debate and concern among industry experts. This legislation, representing a $52.7 billion investment, was designed to drive the growth of semiconductor manufacturing in the United States.
Fraud in the digital age has evolved into a multifaceted threat, presenting complex challenges for businesses across various sectors. As organizations continue to digitize their operations to stay competitive, they find themselves increasingly vulnerable to financial fraud, identity theft, and
In our increasingly interconnected world, the importance of robust cybersecurity solutions cannot be overstated, with cyberattacks becoming more frequent and sophisticated, such as ransomware, phishing, and data breaches. The financial impact of cybercrime is staggering, with projected costs set to
In January, the Digital Operational Resilience Act (DORA) came into force, introducing a new wave of stringent standards aimed at bolstering the resilience of financial institutions against modern threats. This regulation is applicable not only within the European Union (EU) but also to non-EU
