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.
OFAC designates Russian NBFI supporter of North Korea
Treasury has announced OFAC's designation of a Russian financial institution for assisting North Korea in evading sanctions to access the international financial system. Wednesday's action targets Russian-registered Russian Financial Society for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, U.S.-designated Dandong Zhongsheng Industry & Trade Co. Ltd, an entity that is owned and controlled by, directly or indirectly, U.S.- and UN-designated Foreign Trade Bank, North Korea’s primary foreign exchange bank.
Additional identification information for Russian Financial Society can be found in BankersOnline's OFAC Update.