Compliance Management In Projects

As announced in Message Center on January 6, 2025, #DataLossPrevention (DLP) policies are being enforced #CopilotStudio agents. 🛡️ These policies, managed by #PowerPlatform admins, define which channels, settings, and connectors agents can use. They can be applied tenant-wide (impacting all environments and agents) or scoped to specific environments and their agents. 🔒 To strengthen security and compliance, DLP enforcement is now becoming the default. Previously, enforcement was optional, but many customers hadn’t enabled it, leaving agents unprotected. This update ensures all tenants have a consistent security baseline. ⚠️ DLP policies were soft-enabled in January and February, preventing updates to agents that violate them. With strict enforcement coming over the next days and weeks, non-compliant agents will stop working. 𝗖𝗵𝗲𝗰𝗸 𝗶𝗳 𝘆𝗼𝘂’𝗿𝗲 𝗶𝗺𝗽𝗮𝗰𝘁𝗲𝗱: ✅If your organization had already enabled enforcement, this change should not impact you, unless you previously exempted specific agents—this option is no longer supported. ✅To check your tenant’s enforcement status, run the PowerShell command detailed in this page: https://lnkd.in/eTQmJ_-A 𝗧𝗮𝗸𝗲 𝗮𝗰𝘁𝗶𝗼𝗻 𝗶𝗳 𝗻𝗲𝗲𝗱𝗲𝗱: ☑️ Review your most critical agents in Copilot Studio and check if they show data loss prevention policy errors in the Channels tab. ☑️ If they show such errors, use the option to download a report listing the impacted Copilot Studio components and the related DLP policy details. ☑️ Work with your Power Platform admin to align your DLP policies and agents. If more time is needed, please open a support request: https://lnkd.in/eXbRxGeb As requested, I'm also attaching a more detailed guidance document, helping answer questions like: 🔹 What is the DLP enforcement for MCS 🔹 When is it coming to my region? (estimated timelines, subject to change) 🔹 Is my tenant impacted? 🔹 Did I have agents with exemptions to DLP policies? 🔹 What do I need to do?

📜 Every time a company acquires an AI system, it must ensure legal due diligence and a well-structured contract, especially for high-risk use cases. To support this complex process, the European Commission has recently updated the EU Model Contractual Clauses (MCCs) for the Procurement of AI Systems. Although originally drafted for public entities, private organizations can also adopt or adapt the clauses when acquiring or developing AI systems. They serve as a valuable benchmark for any company, especially as the EU AI Act, despite its detailed scope, still leaves room for interpretation regarding specific contractual requirements. The revised MCC-AI are designed to align with the new AI Act and are available in two formats: 1. Full Version (High-Risk): Tailored for AI systems classified as high-risk under the AI Act, such as those used in recruitment, credit scoring, education, or healthcare. 2. Light Version (Low/Moderate Risk): A simplified alternative for AI systems that do not meet the high-risk threshold but may still affect fundamental rights or safety. ⚖️ Key Legal Provisions – Full Version (High-Risk AI Systems): 1. Technical Requirements: Obligations related to the system’s accuracy, robustness, and cybersecurity. 2. Supplier Responsibilities: Requires implementation of quality management systems and conformity assessments. 3. Data Governance: Clearly defines rights and obligations over the datasets used to train and operate the AI system. 4. Audit & Accountability: Grants public buyers the right to audit the supplier to verify compliance. 5. Indemnity Clauses: Suppliers must indemnify the buyer for any violations of intellectual property or data protection rights. ⚖️ Key Legal Provisions – Light Version (''Low/Moderate'' Risk AI Systems): 1. Transparency & Documentation: Suppliers must provide clear documentation about the system’s design, functionality, and purpose. 2. Data Governance: Sets out standards for data use and protection within the context of the AI system. 3. Exemptions: Unlike the high-risk version, it does not require formal conformity assessments or a full quality management system—reflecting a lighter regulatory burden. 🚨 Non-Binding Nature: The MCC-AI are non-binding templates designed to be tailored, adapted and annexed to broader procurement contracts. 🚨 Scope: These clauses focus specifically on AI compliance and the AI Act, without addressing unrelated contractual areas such as Data Protection, IP ownership, SLAs, or payment terms. Link for the updated Model Clauses: https://lnkd.in/eHzJtis7

The Financial Action Task Force (FATF) has released its Updated Recommendations (February 2025), reinforcing international standards on AML, CFT, and Combating the Financing of Proliferation (CFP). Key Highlights: ✅ Risk-Based Approach (RBA) Strengthened • Countries and financial institutions must continuously assess ML/TF risks. • Proliferation financing risks (linked to WMDs) must now be explicitly assessed and mitigated. • Greater emphasis on data-driven decision-making in risk management. ✅ Stronger Financial Crime Enforcement & Asset Recovery • Enhanced measures to identify, freeze, and confiscate illicit assets, even without conviction-based legal proceedings. • Countries must cooperate more effectively on cross-border investigations related to ML, terrorism, and sanctions evasion. • Expanded legal mandates for regulators to seize cryptocurrency-related assets used for illicit activities. ✅ Enhanced Corporate Transparency & Beneficial Ownership Regulations • Stricter disclosure requirements for companies and trusts to prevent anonymous ownership structures facilitating financial crime. • Introduction of centralized registries for beneficial ownership information, accessible by regulators and FIUs. • Bearer shares and nominee shareholder arrangements are further restricted due to their role in obfuscating ownership. ✅ New Standards for Virtual Assets & Emerging Technologies • FATF mandates stronger oversight on VASPs, aligning AML rules for crypto-assets with traditional financial institutions. • New tech-based compliance controls (including AI-driven monitoring) recommended to enhance financial crime detection. • Stricter regulations for cross-border virtual asset transactions to combat illicit financing and crypto-enabled ML. ✅ Expanded Measures Against Terrorist Financing & Sanctions Evasion • Countries must implement targeted financial sanctions to prevent terrorism and WMD proliferation financing. • NPOS are now required to assess their terrorist financing risks while ensuring legitimate operations are not disrupted. • Greater scrutiny on correspondent banking relationships to prevent facilitation of illicit transactions. ✅ Increased International Cooperation & Mutual Legal Assistance • FATF calls for faster cross-border financial intelligence sharing to prevent criminals from exploiting jurisdictional gaps. • Countries must align with UNSCRs on CTF and sanctions enforcement. Recommandations: 🔹 Implement advanced transaction monitoring using AI to detect suspicious financial activities more effectively. 🔹 Reinforce beneficial ownership compliance 🔹 Strengthen cross-border AML/CFT coordination by fostering partnerships between FIs, regulators, and law enforcement agencies. 🔹 Ensure robust oversight on virtual assets by applying FATF’s Travel Rule to cryptocurrency transactions and monitoring DeFi risks. #AML #FATF #FinancialCrime #Compliance #CryptoRegulation

The The Fair Work Ombudsman has just released its Payroll Remediation Program Guide (PRP). 💡 TL;DR: Own the issue. Fix it fast. Put people first. Document everything. Talk to the FWO early. 🧾 Payroll Remediation Program (PRP) – Key Takeaways (FWO Guide | April 2025) If your business discovers payroll compliance issues, the FWO encourages a structured, employee-centred approach to remediation. This guide outlines how to run a compliant, transparent, and efficient PRP. 🔑 10 Features of a Model PRP 1. Fair, accurate, and transparent 2. Clear governance and documentation 3. Timely delivery with proper resourcing 4. Employee-first mindset 5. Genuine consultation with staff/unions 6. Simple processes for affected workers 7. Data gaps? Give employees the benefit of the doubt 8. Proactive, responsive communications 9. Real-time learning and improvement 10. Full transparency with FWO ⚙️ Key Steps in Building a PRP - Discovery: Identify issues, scope, and systems involved - Methodology: Use robust data analysis, risk reviews, and assumption models - Governance: Ensure senior oversight, clear documentation, and independent validation - Payments: Include interest and breakdowns, offer review channels - Former staff: Make real efforts to track and pay them, or lodge with the Commonwealth if not possible - Future-proofing: Fix systems, improve culture, add ongoing compliance checks 📣 Comms Matter - Communicate early, often, and clearly - Tailor messaging for different employee groups - Avoid legal jargon or pay secrecy clauses - Provide breakdowns, clear contact points, and options to dispute 📬 When to Notify FWO - Not required for small isolated errors (if resolved fast) - Recommended for broader/systemic issues—even if all facts aren’t known yet 📚 Full resource in the comments

Timeline of key sustainability regulations and standards 🌎 The evolving landscape of sustainability regulations brings complex disclosure requirements that impact multiple facets of business. Effective compliance requires not only adherence but also strategic alignment across operational, financial, and governance functions. Key points for addressing these requirements: Interoperability as a Success Factor – With an increasing number of reporting frameworks, compatibility between standards is critical. Harmonizing frameworks can help companies minimize costs and streamline administrative efforts. Multi-Framework Compliance – Companies operating across jurisdictions face overlapping requirements from frameworks like CSRD/ESRS, SEC Climate Disclosure Rule, and ISSB IFRS S1/S2. A precise understanding of commonalities and distinctions is essential to improve disclosure accuracy and efficiency. Alignment with TCFD Recommendations – Major standards, including CSRD and IFRS S1/S2, build on the Task Force on Climate-Related Financial Disclosures (TCFD). Leveraging TCFD alignment reduces duplication, easing the reporting process across various regions. Beyond Compliance – Effective ESG disclosures provide a competitive advantage. Regulatory standards serve as a pathway to improve transparency, clarify strategic ESG priorities, and strengthen governance—creating business value beyond regulatory fulfillment. In an increasingly regulated environment, companies that approach sustainability reporting strategically can move beyond compliance to unlock significant value. By harmonizing frameworks, aligning with global standards like TCFD, and viewing ESG disclosures as tools for transparency and strategic clarity, organizations can not only meet regulatory demands but also enhance stakeholder trust, optimize operational efficiency, and strengthen long-term resilience. Source: ERM #sustainability #sustainable #business #esg #reporting #compliance #transparency

Addressing the Real Barriers to Cross-Border Payments I recently had the privilege of moderating a panel discussion on “Innovation, Regulation and Ease in Cross Border Payments’ in Fintech Fusion India which has been featured in the Deccan Herald. As the conversation unfolded with esteemed panelist’s representing fintechs and the regulator ,we shared what I believe are the fundamental challenges in this space: cost, speed, regulation, and of course cost to compliance of complex anti money laundering laws. What we l want is a zero-cost, high-speed UPI like experience which makes cross border payments as simple as sending an email. But what we have instead is a medley of disparate user experiences and complex physical forms. Thank you to Abhishek Arun , SUPRIYO BHATTACHARJEE , Rohit Sukhija , Amarjeet Kumar for sharing your insights in this discussion with the audience and me. My journey in the cross-border payments space has taught me invaluable lessons: Initial Approach: Like many in the industry, I once believed technical innovation was the primary solution Key Realization:* No matter how elegant the technology, without addressing core security and compliance issues, global adoption remains elusive Changed Perspective: Now I advocate for security-first payment corridors with compliance verification as the foundation This approach has consistently proven more successful in creating sustainable cross-border payment solutions Two Universal Truths About Cross-Border Payments From My Perspective- 1. The real barriers are fundamental, not technical. As was emphasized during the panel, "money laundering, terrorist financing, sanctions list and forex reserves, regulation and resulting cost to compliance are the true obstacles”. Technical solutions that don't address these concerns are merely superficial fixes. 2. Effective solutions must begin with security, not convenience. The path to widespread adoption lies in building trust through robust security measures, not just in making transfers faster or cheaper. GIFT City represents a strategic advantage for India in the global payments race. The unique regulatory environment of GIFT City under International Financial Services Centres Authority creates the perfect conditions for developing and testing cross-border payment solutions that can address both innovation needs and security requirements simultaneously. As per my quote to the Deccan Herald, Still, some pockets of easier growth do exist. “Gujarat International Finance Tec-City (GIFT) operates completely outside the jurisdiction of the Reserve Bank of India (RBI), enabling fintechs to build global products from within India,” [Link to article in comments] I believe-The future of cross-border payments depends on our ability to tackle the real barriers head-on. Suman Bhowmick , Emerging Payments Association Asia ,

What is NAC in Networking? NAC (Network Access Control) is a security framework used to manage and enforce policies for device access to a network. NAC helps ensure that only authorized, compliant, and secure devices are allowed to connect to the network while unauthorized or non-compliant devices are restricted or denied access. It plays a critical role in securing network perimeters and protecting sensitive data from unauthorized access or threats. The main goal of NAC is to provide policy-based access control by evaluating devices before granting them access to the network, ensuring that they meet specific security requirements and compliance standards. NAC can be used to control access for a wide range of devices, including workstations, laptops, mobile devices, printers, and even IoT (Internet of Things) devices. Key Components of NAC 1. Policy Server (e.g., Cisco ISE) is the central component that defines and enforces the NAC policies. It communicates with network devices such as switches, routers, and wireless access points to determine whether a device is allowed access based on the policies. 2. Authentication is a crucial part of NAC. It ensures that only authorized users or devices can access the network. 3. Endpoint Assessment NAC systems assess the security posture of devices attempting to connect to the network. This includes checking whether devices have up-to-date antivirus software, the latest security patches, strong passwords, and other security measures. 4. Access Control After authentication and assessment, NAC systems enforce access control policies to determine what level of access the device should have. 5. Remediation If a device is found to be non-compliant with the required policies, NAC can trigger remediation actions. 6. Monitoring and Reporting NAC systems provide ongoing monitoring of network access events and generate reports that help administrators track which devices are connecting to the network, their compliance status, and any potential security risks. How NAC Works 1. Pre-Authentication Phase 2. Post-Authentication Phase 3. Ongoing Monitoring Types of NAC Deployment Models 1. Inline (Forwarding Mode) 2. Out-of-Band (Non-Forwarding Mode) Benefits of NAC 1. Improved Security 2. Compliance Enforcement 3. Automated Remediation 4. Guest Access Management 5. Scalability 6. Visibility and Reporting Conclusion Network Access Control (NAC) is an essential security technology that enables organizations to enforce policies on who can access their network what devices can connect and under what conditions. By ensuring that only authorized compliant and secure devices are allowed to access the network NAC helps prevent security breaches reduce risks, and maintain regulatory compliance. While NAC can be complex to deploy and manage its benefits in terms of security compliance and network visibility make it a critical component of modern network security strategies.

Contract management can make or break your procurement process. But are you leveraging the right KPIs to ensure success? Here are 15 contract management KPIs you can use to improve your procurement contracts and streamline your processes: -Time to Contract Signature: Measure the time taken from initiation to signing. -Time Per Phase: Assess the duration spent in each process phase. -Costs Beyond Contract Value: Evaluate costs incurred over the agreed contract value. -Contract Compliance Rate: Ensure contract terms, conditions, and guidelines are adhered to. -Supplier Performance: Evaluate supplier deliverables against agreed terms (SLAs, KPIs, etc.). -Contract Accuracy: Measure the precision and correctness of contract content. -Stakeholder Satisfaction: Gauge satisfaction with the contract management process. -Risk Management Effectiveness: Assess the effectiveness of risk management strategies. -Contract Visibility: Ensure the accessibility and visibility of contracts within the organisation. -Process Efficiency: Evaluate the efficiency of your contract management processes. -Contract Utilisation Rate: Assess how well contracts are utilised versus their potential. -Vendor Compliance Rate: Measure the rate of vendor compliance with contract terms. These KPIs can transform your approach to contract management, making it more efficient, accurate, and compliant. 💡 Share your thoughts in the comments below 👇

𝐅𝐢𝐧𝐭𝐞𝐜𝐡 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐂𝐡𝐞𝐜𝐤𝐥𝐢𝐬𝐭! India’s fintech sector is growing rapidly, but regulatory scrutiny is tightening. RBI, SEBI, and FIU-IND are tightening compliance rules. Non-compliance can mean heavy fines, license cancellations, or legal action. 𝐑𝐁𝐈 & 𝐒𝐄𝐁𝐈 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 ↳ NBFC & Payment Aggregator Licenses (For lenders & payment platforms) ↳ SEBI Registration (For stock/mutual fund platforms) ↳ Digital Lending Compliance (Fair lending, transparent terms) 𝐑𝐢𝐬𝐤: License cancellation and heavy penalties! 𝐊𝐘𝐂 & 𝐀𝐌𝐋 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 ↳ FIU-IND Registration & eKYC Implementation ↳ Suspicious Transaction Reporting (STRs) ↳ AML Risk Assessment & High-Risk Customer Due Diligence 𝐑𝐢𝐬𝐤: Account freezes, fraud penalties! 𝐃𝐚𝐭𝐚 𝐏𝐫𝐢𝐯𝐚𝐜𝐲 & 𝐂𝐲𝐛𝐞𝐫𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 (𝐃𝐏𝐃𝐏 𝐀𝐜𝐭 2023) ↳ Data Protection & Cybersecurity Audits ↳ Consent-Based Data Collection & Secure Storage 𝐑𝐢𝐬𝐤: Penalties up to ₹250 crore, depending on the nature of the violation. 𝐆𝐒𝐓, 𝐓𝐚𝐱 & 𝐅𝐄𝐌𝐀 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 ↳ GST & TDS Filings ↳ FEMA Compliance for Foreign Funding 𝐑𝐢𝐬𝐤: Legal action, foreign investment restrictions! 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧 & 𝐅𝐚𝐢𝐫 𝐋𝐞𝐧𝐝𝐢𝐧𝐠 ↳ Transparent Loan Agreements & Grievance Redressal 𝐑𝐢𝐬𝐤: RBI action & customer lawsuits! The fintech industry is evolving at light speed, but so are regulations. While compliance might seem like a roadblock, it’s the foundation of sustainable success. Need expert guidance on fintech compliance? NBFC Advisor GenZCFO ® GenZPe #Fintech #Compliance #RBI #DigitalLending #Finance #Cybersecurity #Regulations

Regulatory reporting is the process of submitting detailed financial and operational information to regulatory authorities, such as government agencies or financial regulators. It is a mandatory requirement in many industries, including banking, finance, healthcare, and more, to ensure compliance with specific regulations and laws. Example in Banking: In the banking sector, regulatory reporting involves submitting various financial reports to regulatory bodies like the central bank or financial authority. These reports typically include data on a bank's capital adequacy, liquidity, loan portfolios, risk exposure, and more. For instance, a bank might be required to submit a quarterly report detailing its capital reserves, showing that it meets the minimum capital requirements set by the regulatory authority. Failure to comply with regulatory reporting requirements can result in fines, penalties, and other legal consequences, making it a critical aspect of regulatory compliance for organizations in regulated industries.