Day: July 3, 2024

Silvergate logo image

Silvergate Settles SEC Charges for Compliance Failures

On By Jacob Horowitz

The Securities and Exchange Commission charged Silvergate Capital, its former CEO Alan Lane, and former Chief Risk Officer Kathleen Fraher with misleading investors about the strength of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program and the monitoring of crypto customers, including FTX. The SEC also charged Silvergate and its Read More

Internal Audit Challenges

Eight Uncomfortable Truths About Internal Audit in 2024

On By Hal Garyn

The internal audit profession has come a long way from when I entered it four decades ago. In the 1980s, a time before PCs, canned audit programs were common, as were manual confirmations, “nth item” samples from green bar dot matrix printed computer paper, and huge folders of workpapers secured Read More