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Risk Management Industry News for FCA Regulated Businesses

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Risk Management, Financial Services, AI, Identity Fraud

‘Deepfakes’ – an increasing risk for financial services

Combine ‘deep’ from deep learning with ‘fake’ and you have ‘deepfake’ - a method using artificial intelligence to create human images often with a lip-synched voice. The end result can be highly convincing, and the intention is often to spoof a...

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Risk Management, Compliance Management, Financial Services, Operational Resilience

Surviving COVID-19 – the challenge for all businesses starts now

The UK has ‘never in peacetime, faced an economic fight like this one,’ said Chancellor Rishi Sunak, as he announced a package of measures to support businesses as the COVID-19 emergency grips the nation. But will these go far enough and what measures...

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Risk Management, Compliance Management, Money Laundering

Will a crackdown on money service businesses thwart the criminals?

Criminals with vast sums of cash to launder, such as those dealing in drugs, human trafficking or terrorism, are shunning banks because of their stringent AML provisions and instead using money service businesses – and the authorities are now taking...

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Risk Management, Audit Management, Climate Change

Can risk managers help stem the tides in flooded Britain?

In the early stages of 2020, storms Ciara, Dennis and Jorge have wreaked havoc on many areas of the UK, with it having been the wettest February on record. Businesses are being affected in all kinds of ways, from physical damage to work premises and...

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Risk Management, Financial Services, Business Continuity Risk

Call to risk managers to help control coronavirus

Fear and uncertainty have arrived in the UK, with the first cases of the coronavirus (Covid-19) being diagnosed and the government’s announcement that the disease is “a serious and imminent threat to public health”. To date, there are eight cases in...

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Risk Management

Shortage of Chief Risk Officers threatens business resilience

The Institute of Risk Management (IRM) has reported that there is a shortage of candidates for senior level positions within risk management and has urged organisations to ensure that their professional development schemes and succession plans are set...

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