Since banks are financial institutions, they are licensed to receive deposits and provide loans. They also provide important services like wealth management, currency exchange, and safe deposit boxes. Due to the high-risk nature of ...

An internal audit comprises of different activities like examination, monitoring, and analysis of functions related to a company's operations. It helps in checking on employees’ behavior and information systems. Internal audit regul...

Without a shadow of a doubt, Artificial Intelligence (AI) and Automation are the best things that have happened to the world of technology. By making use of AI, developers have been able to create automated software which has made the...

Identity theft can be defined as stealing personal information for the personal gains. With fraudsters discovering new methods to get into an online system, theft of identity has emerged as a major problem in the past decade. The ease...

Money Laundering is the act of concealment of the origins of illegally obtained money. It can be done by transfer of money to foreign banks or investing in legitimate businesses. Generally, the money laundered is obtained by committin...

Compliance Management is a process employed for ensuring that a set of people follow a given set of rules at all times. By following a uniform set of rules relevant to a department, a team not only performs consistently, it is also ab...