byBrad Moody | November 03, 2015

“Use of third parties reduces management’s direct control of activities and may introduce new or increase existing risks, specifically operational, compliance, reputation, strategic, and credit risks as well as the interrelationship of these risks. Increased risk most often arises…

byLowers & Associates | October 06, 2015

Last month we had the pleasure of sponsoring and attending the third annual Secure Cash and Transport Association (SCTA) conference in Chicago. One of the sessions at the conference was presented by Alan Cox, of the Financial Crimes Enforcement…

byLowers & Associates | July 21, 2015

Both the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) mandate that covered financial entities—and this includes all banking institutions, virtually all money service businesses, and many cash-intensive non-bank businesses—establish an Anti Money Laundering…

byLowers & Associates | January 06, 2015

We’re pleased to kick off the new year by sharing our most-read blog posts from the Risk Management Blog in 2014. 1. Protecting Against Ghost Employee Fraud Payroll fraud accounts for about 9.3% of occupational fraud at a cost…

byRobert Osborne | July 29, 2014

There have been concerns and debates over the accuracy and validity of polygraph results, written honesty tests, psychological testing, etc. over the years and it will undoubtedly continue. One issue surrounding the controversy is the fact that individual results…