Navigating DORA A Closer Look at DORA’s Regulatory and Implementing Technical Standards (RTS/ITS)
The primary objective of the regulation is to strengthen the digital operational resilience of entities operating within the EU financial sector and to promote greater consistency in essential digital operational resilience standards for all financial entities across the European Union.
Survey Data Protection Officer Survey
Grant Thornton Malta, in association with 12 Grant Thornton member firms in Europe are launching the very first study aimed at establishing an overview of the DPO (Data Protection Officer) function in the main European countries. This survey, of about 8 minutes, will allow us to establish a precise inventory, revealing the reality of the today's DPO function not only in Malta but also in our principal European neighbors. As part of the response analysis, you may be asked by our teams for an interview to comment on the results. Please note that the questionnaire is active until December 15, 2023. We sincerely appreciate the time you have taken to contribute to this study.
Navigating DORA Compliance Strategies Tailored for SMEs
In an era where digitalisation is the lifeblood of business operations, Small and Medium Enterprises (SMEs) stand at the intersection of opportunity and vulnerability. The Digital Operational Resilience Act (DORA) Regulation is approaching, ushering in a new era of compliance requirements. Yet, for SMEs, DORA is not merely a challenge in terms of compliance; it presents a distinctive opportunity to strengthen their digital infrastructure and secure long-term success in the constantly changing digital environment.
Updated list - October 2023 High Risk and Non-Cooperative Jurisdictions
The Financial Action Task Force (FATF) maintains a "grey list" of nations that exhibit strategic shortcomings in their efforts to combat money laundering and the financing of terrorism (AML/CFT). These countries are added to the list when they do not meet FATF standards or if concerns arise regarding their AML/CFT practices. Being placed on the grey list leads to heightened international scrutiny, impacts a nation's access to global financial systems, and has repercussions on its economy and reputation. To exit the list, countries must rectify the identified deficiencies and demonstrate progress in fortifying their AML/CFT systems.
The EU's Artificial Intelligence Act Striking the balance between Innovation and Responsibility
In an era marked by the rapid ascent of artificial intelligence (AI), governments and regulatory bodies worldwide are navigating the complex terrain of AI governance. At the forefront of these efforts is the European Union’s proposed “Artificial Intelligence Act.” This comprehensive regulation aims to harmonize AI rules across the EU, fostering innovation while safeguarding fundamental rights and values.
Meet our people