What do financial compliance and skydiving for the first time have in common? Well, both can cause the same symptoms: sweaty palms, trembling limbs, and an unsettled feeling around the stomach area. Yet, when done right, both can make you feel proud, relieved and satisfied.
The risk of fraud often tops the lists of threats concerning the leaders of financial institutions today. Though robberies and physical security hazards were once their biggest worry, the amount that banks can lose annually stemming from acts of fraud has forced them to significantly shift their focus to include both brick-and-mortar and cyber protection measures.
Is your company compliant with all the regulations it has to adhere to? Whether it's Regulatory or Corporate Compliance, any hesitation in answering that question can be quite costly. With new laws being introduced, many companies may not even know what mandates are required of them, or what needs to be done to protect themselves.