The US Treasury Issues Final Rule Outlining ‘Beneficial Ownership’ Reporting Requirements

The US Treasury Department’s anti-money laundering unit recently issued a final rule that reveals which types of legal entities will be required to report information on their true, or “beneficial” ownership to Treasury The final rule is an attempt by the US government to lift the veil of anonymity offered by shell companies that has … Read more

Companies Need To Strengthen Their Cyber Security To Become ‘Insurable’

Investing In Better IT Security to Protect Against Cyber-Attacks Will Make Organizations More Resilient Against Other Risks Including Third-Party Vendor Risk  In 2023, companies in all market segments are now faced with the possibility of finding that they are unable to obtain a cyber security insurance policy since the volatility of cyber-attacks reaches new levels. … Read more

Strategies to Minimize Organizational Third-Party Vendor Risks

Organizations across most market segments are becoming increasingly reliant on third-party vendors to support critical business operations across the board to support a wide array of process and functions. It is estimated that over 50% of businesses using third-party vendors have experienced a data breach involving confidential information. Given the current state supply chain’s impact … Read more

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