Organizations often turn to frameworks and standards to fortify their defenses against evolving cyber security threats. One such authoritative source is the National Institute of Standards and Technology (NIST), a U.S. government agency that provides cybersecurity frameworks to bolster internal controls and compliance programs.

SOX, enacted 20 years ago, is still important for transparency, accountability, and investor confidence in financial markets. Companies are putting more effort into following SOX regulations by hiring experts, creating specific processes, and using tools for easier management.

As key players in the financial ecosystem, money transmitters navigate a complex regulatory landscape. Ensuring compliance is not just a legal obligation but a critical component for building trust and safeguarding financial transactions.