Global Risk Profile (GRP)

👀 reading tips 💡 🌐 The Global Risks Report, 2024 World Economic Forum The Global Risks Report, created in partnership with Marsh McLennan and Zurich Insurance Group, examines some of the most significant #risks we could encounter in the next decade. These risks arise in a context of rapid technological advancements, #economic #instability, #climate #change, and conflict. As cooperation weakens, already fragile economies and societies may be pushed past the tipping point of resilience by even the slightest shock. Click on the link below to download the full report. 📃 ➡ https://lnkd.in/ezWRuKvN ⬅

New white paper our now! We are thrilled to announce that the white paper "ESG & Due Diligence: Why Does It Matter?" 🌍💼 by Ioanna Theodoropoulou is now available for download on our website! In today's rapidly evolving business landscape, the correlation between Environmental, Social, and Governance (ESG) factors and due diligence processes is more crucial than ever. This comprehensive white paper delves into the critical intersection of ESG and due diligence, offering valuable insights for ethical and prudent business decisions. We invite you to explore this insightful white paper and join the conversation on the importance of integrating ESG considerations into due diligence processes: https://lnkd.in/eBwXYJr8

👀 reading tips 💡 #AML Enforcement Actions Surge in 2023. A Global Data Research Report on #Regulatory #Compliance Fenergo As stated by Rory Doyle CAMS, in 2023 there was a resurgence in #regulatory #enforcement actions and multi-billion-dollar penalties, particularly targeting emerging financial services providers. #Cryptocurrency and payment firms faced significant #fines, highlighting the need for robust #AML frameworks for digital-first providers. 🔜 Looking ahead to 2024, #financial #institutions must be prepared to handle and #report #financial #crime as regulators intensify their efforts. In the #US, the #SEC has already targeted individuals for failing to file timely SARs. Delays in enforcement are expected in the #EU as new regulatory bodies are established. 🚨 The report identifies key #AML challenges, including a shortage of financial crime professionals and macroeconomic trends like rising interest rates. It stresses the importance of leveraging technology to detect and prevent financial crime and mitigate enforcement #risks.

📣 ESG Index (ESGI) 2023 is now available! 🎉 ➡ https://lnkd.in/dSYwq84 ⬅ 💣 Assessing #ESG #risks is increasingly challenging for #compliance #officers and #risk #management professionals. 💡 To conduct a primary assessment of country & industry risks, Global Risk Profile has developed this robust composite index, the ESG Index (ESGI), which offers a trans-dimensional risk overview by focusing on socially responsible conducts in relation to the #environment, human rights, and #health & #safety. 📃 It's a compliance solution to multiple binding #laws and #regulations. Offering a unique scope, the ESGI is in line with trending legislations aimed at preventing major environmental and #human #rights violations. 🚦 Our datasets can be reconfigured to help any company uncover specific operating risks it is facing and help it prioritize mitigation efforts. #Tailor-#made index allows for a quick overview and primary assessment of your risk exposure according to your specific needs and features. To more accurately reflect our clients’ strategies, the selection of indicators and the determination of their respective weights in the global scoring are fully customizable. 💡 The Index can also include risks by #activity #sectors, following recent legal requirements and trends. Risk scores and ratings are then provided not only by country but also by #industry.

🚨 news from European Banking Authority (EBA) 🗞 🏦 The European Banking Authority (EBA) Authority has initiated the collection of #data on #individuals for its reporting database #EuReCa aimed at combating #money #laundering and #terrorist #financing. ↘ ↘ ↘

📅 5 days to go until the release of our ESG Index (ESGI) 2023, we are sharing this document published by the OECD - OCDE in 2016: "#Due #Diligence Guidance for Responsible #Supply #Chains of Minerals from Conflict-Affected and High-Risk Areas." It serves as a valuable precursor to the growing recognition of the significance of due diligence in #ESG-related concerns. 💡 The OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas ("the Guidance") stands as the inaugural instance of a collaborative, government-supported, multi-stakeholder initiative focusing on the responsible management of mineral supply chains originating from conflict-affected regions. Its primary aim is to aid companies in upholding human rights standards and refraining from inadvertently fueling conflict through their mineral procurement practices. Additionally, the Guidance seeks to foster #transparent #mineral #supply #chains and promote #sustainable corporate involvement in the mineral sector, thereby enabling nations to harness the benefits of their mineral resources while preventing the extraction and trade of minerals from exacerbating conflict, #human #rights violations, and instability. ↘ ↘ ↘

📚 reading tips 💡 "Recommendation of the Council on OECD - OCDE Legal Instruments Transparency and Integrity in Lobbying and Influence." OECD - OCDE, 2024 👤 The OECD - OCDE Council approved the Recommendation on #Transparency and #Integrity in #Lobbying and #Influence on February 18, 2010, originally titled as the "Recommendation on Principles for Transparency and Integrity in Lobbying," proposed by the Public Governance Committee (#PGC). Serving as the inaugural global standard, this Recommendation addresses risks associated with transparency and integrity in lobbying activities. 📢 Subsequently, it underwent revision during the OECD Council meeting at Ministerial level on May 3, 2024, aiming to adapt to the changing landscape of lobbying and influence. This update aims to empower governmental, business, and civil society stakeholders in fortifying frameworks that promote #transparency and #integrity in policy formulation. ⬇ ⬇ ⬇

🗞 news from the world 🌐 💳 💸 Binance On Tuesday in a Seattle courtroom, Changpeng Zhao, formerly the leader of the world's largest #cryptocurrency trading company, was handed a four-month jail sentence. Late last year, Zhao admitted guilt to #money-#laundering offenses and resigned from his position as CEO of #Binance. The company faced a hefty fine of $4.3 billion, while Zhao himself was fined $50 million last year.

📣 Stay tuned and save the date! 📆 May 14 🔜 ESG Index (ESGI) 2023 results by Global Risk Profile

📚 reading tips 💡 "Model Guidance on Reporting #ESG Information to Investors: A Voluntary Tool For #Stock #Exchanges to Guide Issuers" United Nations Sustainable Stock Exchanges Initiative, 2015 The guide was crafted through the guidance of global exchanges and assistance from a diverse advisory group consisting of investors, companies, and industry specialists. Under the leadership of David Harris from the London Stock Exchange Group LSEG, who chaired the advisory group, collaboration with over 50 members spanned six months to ensure the document's relevance, utility, and, above all, efficacy. It was officially unveiled at the London Stock Exchange on September 8, 2015: old but gold.