How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.
Insurers settle with OFAC over CACR violations
OFAC has announced two separate agreements with insurers to settle their respective potential civil liability for apparent violations of the Cuban Assets Control Regulations. In each case, OFAC determined that the insurer made a voluntary self-disclosure of the apparent violations, and that the apparent violations constituted a non-egregious case.