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ECCTA Fraud Risk Analysis - Approach Considerations

Conducting a robust fraud risk analysis requires managers to define an appropriate scope, develop a comprehensive understanding of resources, business processes, and activities, estimate the likelihood and impact of risks using an appropriate risk matrix, and align existing controls with identified fraud risk factors. Ultimately, this enables an evaluation of the effectiveness of existing controls to support regulatory compliance.

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Jakes de Kock

Jakes de Kock
Jakes is FourthLine's Marketing Director. He specialises in omni-channel, tech-enabled inbound marketing strategies to drive business growth within the b2b sector.

Recent Posts

Implementation deadline formalised - Financial Conduct Authority (FCA) SM&CR Policy Statement for extending the deadline for solo-regulated firms

On 28 October 2020, the FCA published their Policy Statement on the Senior Managers & Certification Regime (SM&CR) for solo-regulated firms. Following on from the initial decision to extend ... October 28, 2020
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The FourthLine Careers Podcast: Ep 01 - Data Protection, Imposter Syndrome & Creating your own opportunities with Tash Whitaker

At FourthLine, connecting top talent with some of the leading firms within the risk and regulatory/legal/finance sectors is what we do best. However, there is no clear-cut path way to achieving the ... September 24, 2020
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Changing the narrative around D&I with Sonya Barlow

For many, 2020 has been a year of reckoning. September 7, 2020
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How has COVID-19 affected new hires and leavers?

Looking back on the last eight months, it would be a gross understatement to say that 2020 has been a tumultuous year for professionals.

Topics: Insurance Sector

August 27, 2020
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UK FinTechs’ response to Wirecard failure

On Friday 26th of June , the FCA ordered Wirecard’s UK-subsidiary Wirecard Solutions Limited to immediately “halt all regulated activities” in the UK. July 6, 2020
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Coronavirus and safeguarding customers’ funds: proposed guidance for payment firms

On the 22nd May, the FCA released a consultation, outlining additional temporary guidance to support payment firms and their prudential risk management. Given the unprecedented circumstances of the ...

Topics: Insurance Sector

June 4, 2020
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Looking back at our "Analysing the 2020 FCA Business plan for FinTechs and Consumer Firms" webinar

This month our Director, Dan Waltham interview Gerard Hurley, Chief Compliance Officer at Chip for our latest webinar on the 2020 FCA Business Plan for FinTechs and Consumer Firms.

Topics: Investment & Asset Management, Retail Finance

May 15, 2020
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The FCA responds to Coronavirus queries on CASS Audit

The Financial Conduct Authority recently responded to questions around Client Assets (CASS), in relation to the current disruption caused by COVID-19 pandemic. April 8, 2020
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