Anti-money laundering measures are heavily weighted toward the financial sector, but most criminals have figured this out, and are turning to alternative—and often highly creative—ways to “legitimize” funds.  How directly an organization is involved in such schemes depends on multiple factors—but there is a very real risk that most organizations are, in fact, involved. Fortunately, there are also some very important steps to...

Professionals in the risk management field have shifted gradually away from a siloed approach to a more integrated approach. As most of us know, however, the switch is not easy; it can be overwhelming to keep on top of the full range of enterprise risks. John Verver posits that technology is the critical enabler here. Without it, getting a big picture view...

Is your company in the money-laundering business? It very well might be. As banks become warier and apply more resources to anti-money-laundering (AML) efforts, creative criminals are eyeing nonfinancial companies as alternative means to “cleaning up” their act.

How Companies Can Reduce Their Risk Exposure Fraud is a problem for companies of every size – one statistic states that it claims up to 10 percent of annual revenue. Some fraudulent activity comes from external sources, including cyber breaches and theft, but some of it is an inside job. John Verver of ACL takes a closer look at common ways employees...

Risk management isn't a new concept by any stretch, but it seems ERM has really picked up steam in the past few decades -- a development that's likely due to some spectacular business scandals and the irreparable harm done to those organizations' reputations. John Verver discusses where companies currently stand in their risk management processes.

The role of the audit committee is expanding, and more is expected from the internal audit function than ever before. And this comes at a time when most audit professionals already feel stretched thin. In order to meet the growing requirements and achieve maximum effectiveness, there are a couple of surefire solutions internal audit can implement.

Internal audit departments have undergone significant change in recent years, a trend that's likely to continue for some time to come. In fact, IA ought to be embracing new technologies, as other departments have, to achieve greater efficiency and effectiveness. IA's failure to properly leverage technology only stunts its growth.