Blog
Insightful blogs and articles related to banking and financial services operations across mortgages, financial crime, commercial lending, and more.
5 Ways to Improve Watchlist Screening Effectiveness
Watchlist screening is a fundamental process where financial institutions check customers—both individuals and entities—against global watchlists. The purpose is to...
Compliance Risk Management (CRM) in Banking Industry
In the intricate world of banking, a single compliance misstep can lead to significant legal and financial repercussions. As regulatory...
FATF Red Flags for Money Laundering and Terrorist Financing
Money laundering has been rising globally despite the growing laws and regulations and clamping down from enforcement agencies. The annual...
4 Key Components of a Robust ERM Framework for Financial Institutions
Financial institutions operate in an environment fraught with uncertainties, from market volatility to regulatory changes. Establishing a comprehensive Enterprise Risk...
The Three Lines of Defense Model in Risk Management
Developed by the Institute of Internal Auditors in 2013, the three lines of defense model (3LoD/TLoD) is one of the...
U.S. Treasury Releases 2023 Illicit Finance Risk Assessment of DeFi
The U.S. Department of the Treasury on April 06, 2023, released a report, titled Illicit Finance Risk Assessment of Decentralized...
The History of FATF Recommendations for AML/CTF Compliance
Financial Action Task Force (FATF) is an intergovernmental policy & standard-setting body of the U.S. Department of the Treasury dedicated...
Enterprise Risk Management (ERM) in the Banking Industry
Enterprise Risk Management (ERM) in the banking industry refers to risk management strategies and systems to identify, manage, and prepare...
4 Key ERM Frameworks to Manage Cybersecurity Risks in Banking
Banks and financial organizations encounter unique challenges and risks in their line of business. Unexpected threats and risks arising from...
