The bad guys read the regulations too. They seek out loopholes and weaknesses. When they find one, they exploit it. For this reason, we are constantly reviewing our risk assessments and procedures.
All you need to do is whip up a load of uptodate, maintained training materials appropriate to every role in the firm. In case you’d like a hand with that - its kind of right up our alley.
During an audit, or worse, a court case, you do not want to be presented with a policy document from your own firm dated ten years ago, with no evidence that it has ever been looked at since.
Tipping off understandably alarms frontline staff. If you’re not careful, you end up with a team terrified to talk to customers. Create sensible guidance for them.
More acronyms. Now that you have PEP - it is time to meet your new friend SAR. SAR stands for Suspicious Activity Report. From the