About: Sarah Hamilton
This author has not yet filled in any details.Risk Management Principles for the Future
Every risk manager knows the basic risk management principles, but those are the principles which are applicable now. The financial sector is home to some of the most innovative countries in the world. The financial sector is always...
The Iran Sanction Compliance Minefield; a sign of things to come?
We live in interesting times, and interesting times are never easy. The world is changing in every aspect from technology to geopolitics, and we are feeling the effects. The situation we have with Iran right now is a great example of...
Culture Remains One of the Most Important Factors in Improving Compliance and Risk Management
We have written about the importance of having the right culture before, and so have other prominent publications like Quartz. Culture is often found to be a major factor in scandals related to risk, compliance and accounting. Ju...
Governor Michelle W. Bowman Talks About Lowering Regulatory Compliance Requirements for Community Banks
Community banks were happy about Governor Michelle W. Bowman taking office and becoming a member of the Board of Governors of the Federal Reserve System in November 2018. Community banks were happy because they were hoping for a bette...
Federal Regulators Issue Joint Statement Encouraging BSA/AML Technology Innovation
Fintech companies have developed innovative AI based solutions that can help banks improve their BSA/AML compliance measures, but banks are hesitating to experiment with the new solutions. Banks are hesitant because the banking indust...
How GRC Helps with the Vendor Management Lifecycle
Managing vendors is a complicated task – it goes beyond simply telling them what you need and them delivering the services. What is Vendor Management? Vendor management or third party risk managment is the process through whic...
Automating Enterprise Risk Assessment and Tracking for a Streamlined GRC Experience
Risk assessments are done generally by businesses that need to track risks because it is necessary for their business processes – such as traders and insurers. However, enterprise risk assessment is something that all businesses nee...
How GRC Can Help Minimize AML Compliance Penalties
Anti-money laundering has always been an integral part of compliance management. Its importance has, however, increased greatly in the previous two decades and continues to increase. Since AML compliance is such an integral part of co...
Why Managing Compliance Manually is a Sisyphean Task
We are all aware of the tragedy of Sisyphus, cursed to roll a boulder uphill, only for the boulder to roll back down the moment he neared the top of the hill, resulting in him repeating the process ad nauseam. Banks and financial inst...
Creating an Organizational Culture Where GRC Thrives
GRC increases compliance levels, enhances risk management, and results in better governance, but it needs the right organizational culture to thrive. Some businesses see minor improvements after GRC implementations while others see co...