- Topics
- Regions
- Events
- Webcasts
- Resources
- CW Exclusives
- Membership
“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Survey Report: Compliance tech priorities in 2023
Provided by 
FTI Consulting2023-05-15T05:08:00
Nearly two-thirds of senior compliance executives anticipate third parties to be the most heightened area of risk to their businesses in 2023, according to the results of a new study.
Compliance Week and FTI Consulting polled 151 legal and compliance decision-makers as part of an online survey benchmarking the use of technology in compliance conducted between February and March. Asked to choose all that applied from a list of top-of-mind risk areas they expected to require additional focus this year, 62 percent of respondents selected third-party risk management (TPRM), far ahead of litigation/regulatory exposure; anti-bribery, anti-corruption, anti-money laundering, and fraud; and environmental, social, and governance matters.
In this report, you will learn:
- Reasoning why TPRM is such a popular risk area and how to address it
- The impact of the difference between mature and immature implementation of compliance technology
- Best practices from six senior compliance practitioners regarding use of compliance tech
Sponsored e-Book
Our e-Books are prepared by Compliance Week and are free to view.
How to download
You need to register for this site and agree to the sponsor’s conditions to be granted access.
Related articles
-
PremiumHow compliance monitoring can create a stronger foundation for AI, emerging technologies
The era of artificial intelligence adoption is testing the old ways of doing compliance, underscoring the need for continuous monitoring. Compliance isn’t a one-and-done activity, but sometimes organizational incentives and goals fail to prioritize the importance of this.
-
News BriefEuropean Commission accuses Meta of anticompetive practices, issues $841M fine
Meta, the parent company of Facebook, has been fined nearly 798 million euros (U.S. $841 million) by the European Commission to resolve the agency’s long-running investigation into alleged “abusive practices” by Facebook Marketplace.
-
Basic PageFinCEN alerts financial institutions to be wary of AI-enabled deepfakes
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network issued an alert to financial institutions about their obligations to report deepfakes, warning artificial intelligence has given bad actors additional tools in their arsenal.
More from Survey Reports
-
Basic PageAI Governance Benchmarking Survey
This is a Compliance Week Survey, sponsored by GAN Integrity. It is completely anonymous and designed to help benchmark the approaches compliance is taking to AI Governance. Results will be shared by Compliance Week and GAN Integrity in the form of a benchmark report.
-
Survey2024 Regulatory Compliance Outlook Survey
This Compliance Week survey, sponsored by Resolver, a Kroll business, seeks to learn more about regulatory compliance trends, the challenges posed to your organization by the pace of regulatory change, and how your firm’s compliance function is handling those challenges.
-
ResourceSurvey Report: The digital transformation of compliance
A new survey conducted by Compliance Week and NAVEX on compliance team access to data and the use of artificial intelligence (AI) to analyze it found many compliance professionals lack full and transparent access to their firm’s data.