Bank Boards and the Risk/Revenue Trade-Offs (85KB)
Too many banks leave the critical operational risk issues of anti-money-laundering (AML) and know-your-customer (KYC)
to their technical ‘experts’. The centerpiece of these comments is guidance from the Risk Management Group of the Basel
Committee: ‘Sound Practices for the Management and Supervision of Operational Risk’.

Meeting the Anti-Money Laundering Compliance Challenge (151KB)
Meeting the Anti-Money Laundering Compliance Challenge, a white paper by Nelson Everhardt, AML specialist and recent Senior Vice President and Corporate Compliance Executive for Bank of America.

Winning the War Against Financial Fraud (92KB)
All things considered, fraud management is still a balancing act. At the center of the scale sits the fraud detection processes that are expected to continuously produce better results, lower loss rates, and lower false positives. Maintaining the appropriate balance between overall fraud risks, customer satisfaction, and revenue is without doubt a shared responsibility within the organization. How well banks perform in balancing fraud risks, supported by appropriate investments for continued improvement, can have a profound impact on the bank’s perception and performance in the marketplace. It is a matter of commitment, investment, and talent. A White Paper by Steve Solberg, Fraud Product Owner at Fortent.