by Chinedu Nnadi | Sep 16, 2024 | RADD BUZZ
In today’s complex regulatory environment, internal audits play a crucial role in helping institutions and fintech companies navigate risks, ensure compliance, and maintain operational integrity. A well-executed internal audit report is not just a regulatory...
by Chinedu Nnadi | Sep 13, 2024 | RADD BUZZ
The Financial Crimes Enforcement Network (FinCEN) recently issued a Notice of Proposed Rulemaking (NPRM) that seeks to modernize Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) programs. This proposed rule emphasizes the importance of...
by Chinedu Nnadi | Sep 9, 2024 | RADD BUZZ
Money laundering is a complex and pervasive issue that poses significant risks to the integrity of financial systems worldwide. By disguising the origins of illicitly obtained funds, criminals can effectively “clean” their money, making it appear...
by Chinedu Nnadi | Sep 6, 2024 | RADD BUZZ
Wire transfer fraud is a growing concern for financial institutions and businesses alike, leading to significant financial losses and reputational damage. As fraudsters continue to evolve their tactics, it has become increasingly important for organizations to...
by Radhika Dholakia-Lipton | Sep 2, 2024 | RADD BUZZ
As the financial landscape continues to evolve, the Federal Reserve remains vigilant in its oversight of financial institutions, ensuring that they operate within a framework that promotes stability and resilience. Each year, the Federal Reserve highlights key...
by Radhika Dholakia-Lipton | Aug 31, 2024 | RADD BUZZ
In the fast-paced and highly regulated world of financial services, maintaining compliance and managing risks are not just best practices—they’re essential for survival. Financial institutions operate under constant scrutiny from regulatory bodies, stakeholders,...
