How to add predictive analytics into your risk program. Risk reports are often limited to historical insights and issues and do not provide guidance and insights into the future of the organization. Adding predictive analytics can allow your organization to detect emerging risks and create mitigation plans. This can be achieved by combining internal and external key risk indicators (KRIs) and key performance indicators (KPIs) with regulatory intelligence. This ensures that risk reports can detect more issues and highlight areas of concern. Click here to learn more.
AIG OFAC settlement
OFAC has announced that American International Group, Inc. (AIG), an international insurance and financial services organization headquartered in New York City, has agreed to pay $279,038 to settle potential civil liability for 3,560 apparent violations of the Cuban Assets Control Regulations.