Filter

White Papers

Accume Partners is dedicated to staying on top of the legislative, regulatory and business issues facing our clients. Our resources are designed to help answer questions, clarify issues and serve as tools to help our clients stay informed and ahead. of the trends and issues that are critical to their success.

Nov 27, 2018
Are you Compliant with the SWIFT CSP?

Are you compliant with the new regulations mandated by the SWIFT Customer Security Program (CSP)? Newly benchmarked standards on SWIFT have caused many financial institutions to enhance their wire funds transfer controls. Sanjay Marwaha (MD), Global Risk & Regulatory Advisory Services Practice Leader & Alan Cheung (Director), Risk & Regulatory Advisory Services for Accume Partners …

Read More
Oct 30, 2018
Barbarians at the Gate – Current Threats and Attack Types

In the past 18 months, Accume Partners has responded to and investigated scores of security incidents involving a variety of attack techniques.  According to Symantec, last year malware variants were up 88%, representing almost 661 billion unique malware variations.  Based on numerical evidence alone, it’s clear that businesses are under significant attack on all fronts.  …

Read More
Oct 22, 2018
NYDFS Third-Party Service Provider Requirements: Are You Prepared for Compliance?

There are less than six months until the New York Department of Financial Services (NYDFS) Cybersecurity Vendor/Third Party Service Provider Requirements goes into Effect (March 1, 2019); Is your firm ready? Eighteen months ago the NYDFS 23 NYCRR 500 Cybersecurity Requirements for Financial Services Companies went into effect, (March 1, 2017). The NYDFS regulation, which …

Read More
Oct 09, 2018
Cybersecurity Year-End Checklist and 2019 Plan

Monday, October 1st marked the beginning of the 4th Quarter.  For many financial institutions, this means getting ready for activities such as preparing next year’s budget, completing the 3rd Quarter Call Report, dusting off the strategic plan, and preparing for upcoming Federal examinations and year-end audits. Monday, October 1st also marked the beginning of National …

Read More
Oct 01, 2018
Privacy Please…

California follows the EU's GDPR and takes the privacy lead in the United States.

Read More
Aug 28, 2018
Special Purpose National Banks: Inviting Innovation or Burden?

Sanjay Marwaha, Risk & Regulatory Advisory Services Practice Leader & Joseph Chisolm, Director for Accume Partners offer key highlights from the recent OCC decision to accept National Bank Charters from Fintech Companies. On July 31, 2018, the Office of the Comptroller of the Currency (OCC) announced it will begin accepting applications for a special purpose …

Read More
Jun 29, 2018
A Breath of Fresh Air: How the New Administration is Offering Regulatory Relief

By Sanjay Marwaha and David Smith of Accume Partners One can say for certain that there has been a lot of change with the new administration.  President Trump has appointed new members to several key agencies that has, and could further impact, financial institutions.  The extent of the impact will not be fully known until …

Read More
Apr 17, 2018
The Clock is Ticking – What is GDPR and Why You Should Care

General Data Protection Regulation (GDPR) becomes effective May 25, 2018, introducing new legislation for data processing in European Union (EU) member countries and anywhere the personal data of EU citizens is processed. Because of this new legislation's scope, if your business is based in the U.S. and you process personal data of EU citizens, you will be affected.

Read More
Aug 28, 2017
The Road To Annual Certification

Background for Part 504 Regulation Financial Institutions use various methods, tools, systems and processes for transaction monitoring and sanction filtering. While some institutions have demonstrated effective controls and periodic independent reviews, analysis and audits of these processes and systems, various shortcomings have also been noticed by regulators or by independent third parties. In a few …

Read More
Aug 28, 2017
NY Cybersecurity Requirements for Financial Services Companies

For even the most casual of observers, 2017 has been a watershed year in our government declaring battle against the growing, pervasive Cybersecurity threat. The new Administration issued an Executive Order on May 11th that aims to 1) drive the government to follow its own IT security standards 2) improve the cybersecurity of critical infrastructure, and 3) increase the overall cybersecurity preparedness of the nation.

Read More

LET’S GRAB COFFEE

contact us