Fraud Risk Management & Internal Controls

This episode details crucial aspects of a robust fraud risk management program. Internal controls, encompassing data tracking, authorisation processes, and multi-factor authentication, are highlighted as key preventative measures. The importance of proactive risk management, including regular updates and assessments, is emphasised. Furthermore, the episode stresses the need for effective resolution and remediation strategies, encouraging self-reporting and responsiveness to various fraud indicators. Finally, enhanced reporting and data quality are deemed essential for regulatory compliance and consumer protection.

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