KnowledgeLeader Blog

Fraud Week is Here - Fraud Prevention Tips and Resources

Posted by Sharise Cruz on Thu, Nov 07, 2013 @ 11:07 AM

This week, the Association of Certified Fraud Examiners (ACFE) is doing its part to bring the issue of fraud to the forefront with its sixth-annual International Fraud Awareness Week

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Topics: Protiviti, internal audit, fraud, anti-fraud, ACFE, Fraud Week

AML Transaction Monitoring Governance: Challenges and Opportunities

Posted by Sharise Cruz on Wed, Oct 16, 2013 @ 03:54 PM

Expectations for transaction monitoring (TM) governance are quickly evolving due to the complexity of detection systems, the demand for additional operational oversight, increased regulatory scrutiny, and the need for an adequate control framework to guarantee proper risk management.

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Topics: Protiviti, enterprise risk management, laws & regulations, fraud, Foreign Corrupt Practices Act, compliance, financial services industry

Anti-Money Laundering Compliance: Factors to Consider

Posted by Sharise Cruz on Thu, Sep 19, 2013 @ 10:33 AM

A well-designed transaction monitoring (TM) system is an important component of an effective anti-money laundering (AML) compliance program. It supports efforts to combat money laundering and terrorist financing by helping financial institutions identify unusual or suspicious activity that must be reported to regulatory authorities, and aids law enforcement in tracking and prosecuting criminals involved in money laundering and terrorist financing.

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Topics: Protiviti, continuous auditing, IT audit, fraud, financial services industry, IT controls, anti-money laundering

Building an Effective Compliance Program: Hallmarks and Insights

Posted by Sharise Cruz on Tue, Aug 06, 2013 @ 11:47 AM

In November 2012, the criminal division of the U.S. Department of Justice (DOJ) and the enforcement division of the U.S. Securities and Exchange Commission (SEC) jointly released A Resource Guide to the U.S. Foreign Corrupt Practices Act (“the Guide”). While the 130-page guide is packed with useful information and written in an approachable style free from legalese, it provides perhaps its best and most useful information beginning on page 57 in the section titled, “Hallmarks of an Effective Compliance Program.” In the in introduction to this section, the authors note that there is no such thing as a one-size-fits-all compliance program, and that it is expected that small to midsize companies’ compliance programs will very likely differ from those in place at much larger organizations. They also point out that companies may consider a variety of factors in tailoring a compliance program to their specific organizations.

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Topics: Protiviti, laws & regulations, fraud, Foreign Corrupt Practices Act, compliance, ethics, white papers, corruption

2013 Internal Audit Capabilities and Needs Survey: Infographic, Video and Survey Report

Posted by Sharise Cruz on Tue, Mar 19, 2013 @ 10:38 AM
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Topics: laws & regulations, training & development, internal audit, continuous auditing, survey reports, IT audit, social media risk, fraud

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