"The BSA Fifth Pillar: Helping You Prepare for Beneficial Ownership by Asking These Simple Questions" by Bruce Zaret and Rachel Mondragon in Bankers Digest (April 10, 2017)
"Home Mortgage Disclosure Act (HMDA) - 2018 Changes: Are You Preparing Now?" by Bruce Zaret and Rachel Mondragon in Bankers Digest (March 15, 2017)
This article is the third in a three-part series on risk management. Part I of this series discussed risk culture, and Part II focused on risk assessments. Part III focuses on risk response.
This article is the second in a three-part series on risk management. Part I of this series focused on risk culture and the risk management system. Part II focuses on understanding inherent risk, residual risk and direction of risk.
The 2014 ACFE report found that the average fraud scheme goes undetected for 18 months. When fraud is discovered, the full amount of the known tangible losses is seldom recovered.