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Violation of Insider Trading Regulations

What is Insider Trading?

Insider trading is defined as malpractice wherein trade of a company's securities is undertaken by people who by virtue of their work have access to the otherwise non-public information which can be crucial for making investment decisions. (Source)

How to Identify Best Compliance Management Software for your Organisation

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Everyone wants the best compliance management software for their Organization. A good compliance management software would simplify the task of managing Risk & Governance. Naturally, the right compliance management software will help you manage compliances efficiently and cost-effectively.

But how would you identify which Compliance Management Software is best for your Organisation?

Introduction to Internal Auditing

What is Internal Audit

“Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It assists an organization to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes” [ Source – Internal Audit book by BOMBAY CHARTERED ACCOUNTANTS SOCIETY]

GDPR for Indian Companies

This note is written after experience of more than 20 Indian Startups and small and mid sized companies.
So as we know it, GDPR is going to affect a lot of Indian companies in many ways, but the key ways in which it affects Indian companies is by restricting their growth and business potential.

The Indian culture is such that CEOs are just not ready to comply and GDPR is not a light regulation. It places enhanced obligations on all companies to consider privacy as a key risk and monitor it accordingly.

Our experience working on GDPR assignments in India

So, we started to build our practice of GDPR on the premises that India is a Hub of data processing and under GDPR, all will go out of business if there businesses are not GDPR compliant.

So, what that means for Indian companies and applicability of GDPR for India companies. Simply, it means that if GDPR applies to Europe region primarily, then next in the order is India as the single largest base of companies that need to comply with the data protection regulation.

Board Evaluation

Board Evaluation

The recent failures of corporate throughout the world have led the regulators to closely review the mechanism and guidelines that govern the functioning of the Board. The Board evaluation process is of utmost importance as it relates to the long term objectives of the company.

The following information provides in - depth information on Board Evaluation, the Methods available, and related information

Different Risk Factors - A risk 101

Contract Risk
Contract risks arise from the possibility that the legal contracts of the company will contain clauses obligating the business to terms and conditions that are unreasonably impacting the company in a negative manner. This risk type could have risk events such as performance penalties, contract termination penalties, warranty terms, non standard clauses not reviewed by legal department, unfavourable clauses inserted by counterparty without knowledge of the company etc.

Fraud Risk Management Training for Insurance Industry

Following are suggested training program for fraud risk.

Life Insurance Fraud overview
-Regulatory & Legal requirements & provisions viz a viz Fraud
-Role of various stakeholders – Sales/agency force, medical examiners, underwriting, policy issuance, policy admin/claims, risk management, SIU post facto analysis

-Fraud Detection Technique
-Detailed Fraud Scenarios based on industry - India & Globally (we will take numerous specific scenarios & red flags)
-Case Study on Insurance Fraud

Rule-making for Prepaid and Digital Wallet Accounts

Rs 20,000 without KYC.... Rs 2,000 without additional factor authentication. It is not enough. India's exponential use of digital wallets and prepaid accounts seem to leave behind The RBI, Banks and other regulators who are grappling with adequate regulatory measures to make sure that the ecosystem can withstand the volumes with least amount of frauds and losses.

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