by Radhika Lipton | Apr 3, 2023 | RADD BUZZ
Jump to section Toggle Compliance Date TiersTransitional ProvisionSignificant Changes from the Proposed RuleHow to comply with the final ruleConclusion The Consumer Financial Protection Bureau (CFPB) recently issued its long-awaited final rule to implement Section... 
by Radhika Lipton | Mar 24, 2023 | RADD ENGAGE
Exciting news! We are thrilled to announce our latest engagement with a Fintech company based in Delaware. RADD LLC has been engaged to perform their BSA/AML review, helping them ensure compliance and mitigate risks. Does your financial institution need assistance... 
by Radhika Lipton | Mar 16, 2023 | RADD ENGAGE
Exciting news! We are thrilled to announce that we just signed an engagement with a California Credit Union with an asset size of 4.5 billion. We will conduct their BSA/AML and OFAC audit and perform a gap analysis of their BSA Program. If your financial institution... 
by Radhika Lipton | Mar 14, 2023 | RADD BUZZ
Jump to section Toggle The Danger Of Inadequate Risk Management Expertise On Bank BoardsManaging Concentration RiskThe Power of Objectivity and Independence in Mitigating Risks: Why You Need an Internal Audit Firm that Values ThemHow RADD LLC Can Help Financial... 
by Radhika Dholakia-Lipton | Mar 2, 2023 | RADD ENGAGE
This project is a big deal for us and we are ready to tackle it head-on! With our experienced BSA Model Validation Audit team, this process will be painless. We promise to provide comprehensive analysis, clear recommendations, and timely results – all while... 
by Radhika Lipton | Feb 25, 2023 | RADD BUZZ
Jump to section Toggle What is a BSA/AML compliance program?What are the pillars of a BSA/AML program? Who needs a BSA/AML compliance program? What are the steps taken by banks to prevent money laundering?Conclusion The new AML whistleblower law signed in December... 
by Radhika Lipton | Feb 12, 2023 | RADD BUZZ
Jump to section Toggle What are the four categories of fintech? What are 2023 fintech Trends?What are the regulatory requirements for fintech? Conclusion The risks and regulatory landscape for fintech companies are complex and constantly evolving. To survive, you... 
by Radhika Lipton | Jan 29, 2023 | RADD BUZZ
Jump to section Toggle 6 Common Types of Testing Methods Used During Audit Procedures1. Inquiry2. Observation3. Examination or Inspection4. Computer-Assisted Audit Technique (CAAT)5. Re-performance 6. Analytical review procedures A financial institution audit is a... 
by Radhika Lipton | Jan 16, 2023 | RADD BUZZ
Jump to section Toggle 1. Data privacy compliance2. Third-Party risk compliance3. Data breach risks4. Money laundering & proliferation financing5. Sanctions Compliance6. Greater focus on ESG7. Cyber Risk8. The rise of Regtech9. Leveraging AI and automation... 
by Radhika Lipton | Jan 9, 2023 | RADD ENGAGE
RADD just won an engagement with a technology firm in Canada with an asset value of $2 billion to develop their compliance policies and procedures for Regulation B – The Equal Credit Opportunity Act (ECOA). We’re thrilled to help this client improve their...