by Chinedu Nnadi | Sep 19, 2024 | RADD BUZZ
Rancho Santa Margarita, CA, September 19, 2024 – RADD LLC, is a boutique, compliance and internal audit consulting firm, focusing on Advisory as a Service®, has named Brian Montes as CEO, while Founder Radhika Lipton is stepping into an advisory role at the firm....
by Chinedu Nnadi | Sep 16, 2024 | RADD BUZZ
Jump to section Toggle Importance of a Comprehensive Internal Audit ReportKey Components of an Internal Audit ReportWhy Choose RADD for Your Internal Audits?Conclusion In today’s complex regulatory environment, internal audits play a crucial role in helping...
by Chinedu Nnadi | Sep 13, 2024 | RADD BUZZ
Jump to section Toggle The Need for ModernizationKey Changes in the AML/CFT RuleIntegrating FinCEN’s AML/CFT PrioritiesRisk Assessment ProcessEncouraging Innovation and Use of TechnologyPractical Steps for Financial InstitutionsHow RADD Can AssistConclusion The...
by Chinedu Nnadi | Sep 9, 2024 | RADD BUZZ
Jump to section Toggle What is Money Laundering?Key Characteristics of Money Laundering:The Importance of Combatting Money LaunderingThe Three Stages of Money Laundering1. Placement2. Layering3. IntegrationEffective Fraud Combating Strategies Across the Money...
by Chinedu Nnadi | Sep 6, 2024 | RADD BUZZ
Jump to section Toggle What is Wire Transfer Fraud?Common Wire Transfer Fraud SchemesSteps to Preventing Wire Transfer FraudEmployee and Client EducationLeveraging Technology for Fraud PreventionResponding to Wire Transfer FraudConclusion Wire transfer fraud is a...
by Radhika Dholakia-Lipton | Sep 2, 2024 | RADD BUZZ
Jump to section Toggle Top Supervisory Items for 20241.1 Credit Risk Management, Particularly in CRE Portfolios1.2 Market and Liquidity Risk1.3 Risk Management InfrastructureKey Supervisory Findings2.1 IT/Operational Risks2.2 Risk Management: Insufficient Internal...
by Radhika Dholakia-Lipton | Aug 31, 2024 | RADD BUZZ
Jump to section Toggle Understanding Internal AuditsThe key objectives of internal audits in financial institutions include:The Role of Internal Audits in ComplianceHow Internal Audits Ensure ComplianceExamples of Compliance Areas Typically Reviewed in Internal...
by Radhika Dholakia-Lipton | Aug 31, 2024 | RADD BUZZ
Jump to section Toggle Understanding Financial FraudA. Common Types of FraudB. Red Flags and Indicators of FraudThe Role of Internal Audits in Detecting FraudA. Risk Assessments and Fraud DetectionB. Evaluating Internal ControlsC. Transaction Testing and Data...
by Radhika Dholakia-Lipton | Aug 31, 2024 | RADD BUZZ
Jump to section Toggle The Evolving Regulatory LandscapeA. Overview of Recent Regulatory ChangesB. The Importance of Staying AheadThe Role of Internal Audits in ComplianceA. Identifying Regulatory GapsB. Strengthening Internal ControlsC. Enhancing Risk...
by Radhika Dholakia-Lipton | Aug 31, 2024 | RADD BUZZ
Jump to section Toggle The Role of FFIEC Compliance in BSA/AML ProgramsEssential Resources for Effective BSA/AML ManagementCommon Challenges in Meeting FFIEC ExpectationsThe Consequences of Non-ComplianceBest Practices for Ensuring ComplianceHow RADD Can...