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INSIGHTS ON RISK & COMPLIANCE, BUSINESS IMPROVEMENT & PERSONAL DEVELOPMENT
Discover insightful articles on Risk Management, Compliance, Business Improvement, and Personal Development at ERM guru.
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All Blog Posts
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Risks from the services provided by third parties – have you had them independently validated? (Part 1)
In today’s global economy, business enterprises, the government, and the public are vastly expanding their reliance on automated systems to conduct their daily activities, such as using mobile devices to conduct business meetings across cities or countries, conducting retail merchant and bank activities, buying and selling inventories, controlling government health care data, making airline reservations, […]
4 min read
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Outsourcing: Impact on a Service Organization
Many business enterprises today outsource some portion of their business operations or functions to a third-party organization. Common examples include the outsourcing of technology systems, such as IT hosting, and payroll for company employees. In these examples, the business acquiring the services of a third party is called a user entity and the third party […]
4 min read
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Is SAM among the top 10 risks that an organization faces?
Organizations spend considerable time, effort and cost in identifying, assessing and controlling risks to their business and earnings. Risks could stem from several sources — both internal and external — and include natural disasters, socio-political environment, or business strategy, people, processes and information security. The range is wide. Corporate risk and internal audit functions play […]
4 min read
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Vietnam Exclusive: Circular 18/2018/TT-NHNN: In 10 minutes
More than two years since the enforcement of Circular 31/2015/TT-NHNN as replacement for Circular 01/2011/TT-NHNN, credit institutions (except for people’s credit funds and microcredit institutions), branches of foreign banks and intermediary payment service providers are now entering the new race for compliance with Circular 18/2018/TT-NHNN as a superseder that has been recently signed and adopted […]
4 min read
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Money Laundering – Has the IA function matured to tackle the risk?
While most financial institutions focus their energies on managing credit, market and operational risks when it comes to risk management, globalization and opening of new markets has brought in new regulatory challenges that need to be managed. One such risk, which is more alarming than others, is money laundering. In spite of regulatory and governmental […]
4 min read
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Money laundering and financing of terrorism in insurance
The process of money laundering and financing of terrorism Money laundering is the processing of the proceeds of crime to disguise their illegal origin. Once these proceeds are successfully ‘laundered’ the criminal is able to enjoy these monies without revealing their original source. Money laundering can take place in various ways. Financing of terrorism can […]
4 min read