Against the backdrop of the recent “Dear CEO” letter issued by the Financial Conduct Authority (FCA), and the number of regulatory enforcement actions, this article aims to explore the role of Internal Audit (IA) in ensuring...more
Know Your Customer (KYC) is a fundamental process used by Financial Institutions (FIs) to verify the identities of their customers and assess the associated financial crime risk. Its primary goal is to prevent money...more
11/30/2023
/ Artificial Intelligence ,
Automation Systems ,
Customer Information ,
Data Privacy ,
Data Security ,
Due Diligence ,
Financial Crimes ,
Financial Institutions ,
Fraud ,
Know Your Customers ,
Money Laundering ,
Regulatory Requirements ,
Risk Assessment ,
Robotics ,
Social Media ,
Technology Sector ,
Transaction Monitoring
In today’s global, technology-driven economy, financial crime risk takes many forms. Those responsible are highly innovative in devising and deploying methods to perpetrate financial crimes, leveraging knowledge and...more