Security News > 2020 > February > Bringing Outsiders Into Your Compliance Team: Four Considerations
2020-02-11 17:04
Hiring third party investigators to bolster your AML and Compliance team? Here's four things to consider before you pick up the phone.
Ensure the third party users have their own group identifiers so a reporting analyst can run reports on their productivity reports to demonstrate the value and efficiency of the third party user.
Is there a clear escalation path defined for third party users either to a senior third party user or directly to the bank supervisors?4.
For best efficiency, it should be the goal that third party investigators do as much work in the financial crime solution as possible without leaving the system.
Getting these third party users access to various banking systems creates risks and increases inefficiency.