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.
Treasury targets corruption in South Sudan
On Friday, Treasury announced that OFAC had sanctioned Ashraf Seed Ahmed Al-Cardinal and Kur Ajing Ater for their involvement in bribery, kickbacks and procurement fraud with senior government officials in South Sudan. OFAC is also designating five companies determined to be owned or controlled by Al-Cardinal, and one company owned or controlled by Ajing.
As a result of Friday’s action, all property and interests in property of the designated individuals and entities, and of any entities that are owned, directly or indirectly, 50 percent or more by them, individually, or with other designated persons, that are in the United States or in the possession or control of U.S. persons, are blocked and must be reported to OFAC.
For identification information on Al-Cardinal, Aijing, and the six entities, see BankersOnline's OFAC Update.