International Compliance Association’s Post

Many financial institutions implement disparate and disconnected controls that don’t align to their #financialcrime risk exposure. Although a Business Wide Risk Assessment can be challenging to implement, if done properly, it will help to create an effective financial crime program. Our recent article highlights some common issues faced by firms when completing their #riskassessments.

Governance and Risk 101! As an organisation, we know, that fraud is not always just about the financial loss. But let us be conscious about it. Here is a quick reminder of other costs of fraud.

Join Nick Barratt and Felix Johnston on the 24th April for the next instalment in our financial crime tech series, where they consider what effective oversight looks like and how to practically address challenges around risk management. #financialcrime #financialcompliance #events #bovill

I attended the 1LoD Financial Crime Summit today where I had the privilege of hearing first hand from some credible individuals on possible ways to strengthen financial crime risk management through innovation, collaboration and technology. The day was full of interesting discussion, healthy debate and thought provoking initiatives and I’m looking forward to seeing some of these take shape in the coming months (and years!) #FinCrimeSummitLDN #1LoD #FinancialCrime

Risk scoring is a pivotal process in assessing the likelihood of clients engaging in illicit financial activities. It enables institutions to allocate resources effectively, adhere to regulations, and mitigate the risks associated with financial crimes. But what do you need to build a risk scoring program that truly works? Join Holly Sais Phillippi and Michael Ramsbacker on June 5th at 12pm EST as they explore the key factors in creating and maintaining a strong risk scoring model for your organization. Register: https://lnkd.in/gR233AnD #aml #riskmanagement #riskscoring #amlcompliance

Thanks to Manoj Bhatt Katie Shanahan and Stuart Avery for the 1/2 day deep dive into the financial industry DORA regulation. Very prescriptive in some areas, they are making a very strong link between threat intelligence and the continual cycle of risk management and governance, very interesting. This will probably be a shock for financial services firms’ 3rd and 4th party suppliers, and perhaps smaller FS institutions, I think more industries should have some (or all?) of these regulations.

Our fully booked off-the-record roundtable discussions were extremely successful. They offered unrivalled opportunities to discuss with peers and benchmark best practice. 📍The Financial Crime Summit - London - Strengthening Financial Crime Risk Management through Innovation, Collaboration, and Technology 📆 5 September 2024 #1LoD #FinancialCrime #FinCrimeSummitLDN

More Supervision and Examination Coming? SEC’s Risk Alert outlines key aspects of their examination process for broker-dealers: selection, scope, and potential document requests. Get ready. Click to read more: https://lnkd.in/gyWk7r7t

More Supervision and Examination Coming? SEC’s Risk Alert outlines key aspects of their examination process for broker-dealers: selection, scope, and potential document requests. Get ready. Click to read more: https://lnkd.in/e6MfgD6q

More Supervision and Examination Coming? SEC’s Risk Alert outlines key aspects of their examination process for broker-dealers: selection, scope, and potential document requests. Get ready. Click to read more: https://lnkd.in/ed_S2dd5