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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

The FCA Data Breach is a wake-up call to Firms

The FCA was left red-faced last week when it admitted to the accidental publishing of personally identifiable information on their website following a Freedom of Information request last year. March 2, 2020
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CASS: Effective Record Keeping and Reconciliation Management

There are many things that can keep a CF10a up at night. February 26, 2020
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The Top 5 Data Breaches in 2019

It’s a sobering reality that within the last ten years, data breaches have become commonplace in society and for major companies, it’s not a case of if a breach will happen but when. December 19, 2019
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A Strategic Regulatory Management Limited briefing note on SMCR

Ian Stevenson, Managing Consultant at Strategic Regulatory Management Limited gives his perspective on the UK Senior Managers and Certification Regime (SMCR) which comes into play in December.

Topics: Investment & Asset Management, Insurance Sector

November 18, 2019
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Top 4 difficulties within Identity and Access Management

IAM expert Mark Gleeson spoke to FourthLine about the challenges businesses face when looking to implement a strong IAM strategy.

Topics: Insurance Sector

September 24, 2019
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How do FS firms deal with Third-Party Risk Management (TPRM)?

As we are moving to an era of heavy reliance on third-party relationships alongside stronger scrutiny from the regulator, how should Financial Services approach TPRM?

Topics: Investment & Asset Management, Insurance Sector, Retail Finance

September 19, 2019
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What's that coming over the hill - is the SM&CR a monster?

Getting ready for the full roll out of SM&CR shouldn't be a monstrous task if you put the proper preparation in place now, writes Jason Gardiner.

Topics: Investment & Asset Management, Insurance Sector, Retail Finance

August 21, 2019
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How to effectively embed Risk Culture

Jon Johal shares his thoughts on embedding risk culture in organisations and how to make this an effective process.

Topics: Investment & Asset Management, Insurance Sector, Retail Finance

July 2, 2019
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