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More than two years since the enforcement of Circular 31/2015/TT-NHNN as replacement for Circular 01/2011/TT-NHNN, credit institutions (except for people’s credit funds and microcredit institutions), branches of foreign banks and intermediary payment service providers are now entering the new race for compliance with Circular 18/2018/TT-NHNN as a superseder that has…

Software Asset Management (SAM) is as critical to an organization’s operations as some of the traditional support functions performed by HR, IT and Finance. According to Gartner, IT spending was expected to touch US$3.5 trillion in 2017, of which US$1.3 trillion is expected to be on software and services.[1] The rate…

In June last year, France’s landmark new anti-corruption regulation, known as Sapin II, came fully into existence. Two major innovations of Sapin II were the creation of a new anti-corruption authority (“AFA”) and a new compliance duties, imposed on certain organizations, to prevent and detect activities which may constitute offences…

For as long as there has been business, there has been fraud. However, the level of sophistication and magnitude of fraud perpetration has evolved considerably over the last decade even as petty corruption continues to occur in less conspicuous manners. Of the many forms that fraud can take, insider and…

The General Data Protection Regulation (GDPR) (EU) 2016/679 is a regulation in EU law on data protection and privacy for all individuals within the European Union (EU) and the European Economic Area (EEA). It also address the export of personal data outside of the EU and EEA areas. The GDPR…