Day: April 10, 2018

money laundering

New Anti-Money Laundering ‘Know Your Customer’ Rule Takes Effect in May

On By IA360 Staff

Regulators said they won’t immediately crack down on financial institutions once a new anti-money laundering rule takes effect next month. The rule requires financial institutions to identify the true owners of companies when they open bank accounts. It will get a light enforcement touch in the early days after the Read More

Frameworks to Help Internal Audit Pursue Innovation

On By IA360 Staff

Many audit committees, boards and management teams now expect internal audit to advise management on key issues, anticipate risks, and be more forward looking. “As new businesses are created and old ones spun off, processes evolve, technologies are adopted, and regulatory demands fluctuate, the internal audit function must develop new Read More