The consequences of financial fraud can be severe, affecting a company’s return ... to adopt a modular approach to risk management. This innovative framework allows organizations to consolidate ...

As with any financial asset, increased acceptance is coupled with ... cannot afford to wait for confirmed payments. Thus, they are exposed to fraud risk, as goods change hands before victims realize ...

Businesses face growing risks from fraud, money laundering, and regulatory non-compliance. As organizations expand their ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial ... size of the company. Well-run companies have a comprehensive risk management framework in place ...

This magnitude of financial and reputational risk underscores ... it should be embedded within the broader fraud risk management framework. This integration involves: Aligning the EFRA with ...

The Board of Directors (the BoD) approves the risk management ... Non-financial risk events exceeding predetermined risk tolerances, expressed as percentages of UBS’s total revenue, must be escalated ...

Fraud management and anti-money laundering represent two distinct disciplines in financial crime prevention. While AML primarily is a compliance-driven function, fraud is a risk management function ...

For instance, scammers recently used deepfake technology to simulate a video conference that included a multi-national financial company’s ... leading to increased fraud risk.

Afasa also imposes responsibilities on regulated entities to employ adequate risk and fraud management systems to ensure that their clients’ financial accounts are protected. Latest available ...