Episode Details

The episode outlines crucial aspects of fraud prevention and detection for companies, focusing on regulatory expectations. Key areas highlighted include proactive fraud identification through monitoring systems and complaint analysis, robust internal controls, and effective oversight mechanisms involving boards and various departments (AML/CFT, cybersecurity). The emphasis is on timely responses to issues, fair treatment of customers, and the use of advanced technologies for threat detection. Data security and customer protection are also central concerns. Ultimately, the text advises companies on measures to mitigate risks and meet increased regulatory scrutiny.