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 reminder of blocked property reporting
OFAC has posted a reminder about the Annual Report of Blocked Property that banks hold as of June 30 each year. The report is due by September 30.
Starting with this year, the annual reports must be filed using the new spreadsheet form TD-F 90-22.50, and emailed to email@example.com. OFAC provides Guidance on Filing the Annual Report of Blocked Property.