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.
Maryland insurer settles Kingpin Act violations claims
OFAC has announced that Atradius Trade Credit Insurance, Inc. of Hunt Valley, Maryland, a trade credit insurer licensed to operate in the state of Maryland and a subsidiary of Atradius N.V. ATCI, has agreed to remit $345,315 to settle its potential civil liability for two apparent violations of the Foreign Narcotics Kingpin Sanctions Regulations by dealing in property or interests in property of a specially designated narcotics trafficker.