NCC Group APAC’s Post

"A #risk-based approach involves a number of discrete steps in ascertaining the most cost-effective and appropriate ways to manage and mitigate the risks of money laundering and terrorist financing faced by an NBFI. These steps are to identify the money laundering and terrorist financing risks that are pertinent to the NBFI in relation to its customers, products, delivery channels, and geographic areas of operation. The steps are as follows: 1. Identify the risks. 2. Assess the risks. 3. Design and put in place controls to manage and reduce risks. 4. Monitor and improve the effective operation of the risk-based controls. " #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

With emerging risks like cyber attacks and environmental changes, the insurance sector faces new challenges. Share your insights on how insurers can stay ahead in risk management.

Discovering the essence of risk assessment involves delving into key concepts that shape the way organizations safeguard against financial crimes and vulnerabilities. Imagine it as crafting a strategic recipe for success. Initially, a robust risk methodology serves as the guiding compass for anti-money laundering (AML) and counter-financing of terrorism (CFT) assessments, ensuring a structured and effective approach. Inherent risk, akin to the underlying flavor of an organization, demands tailored systems and controls to mitigate its impact, safeguarding against potential pitfalls. Residual risk lingers even after implementing controls, highlighting the need for continuous vigilance. Meanwhile, the dynamic approach to risk assessment reflects the ever-evolving landscape, prompting regular reviews to stay ahead of emerging threats. Embracing a risk-based approach ensures that controls are finely tuned to the nuances of each scenario, like seasoning tailored to individual tastes, maximizing effectiveness while minimizing burdens. Risk indicators act as beacons, illuminating potential vulnerabilities, guiding organizations toward proactive risk management strategies. Ultimately, controls act as the secret ingredients, empowering organizations to navigate risks with confidence, fostering resilience and growth in an ever-changing landscape. #moneylaundering #riskmanagement #financialcrime

"A #risk-based approach involves a number of discrete steps in ascertaining the most cost-effective and appropriate ways to manage and mitigate the risks of money laundering and terrorist financing faced by an NBFI. These steps are to identify the money laundering and terrorist financing risks that are pertinent to the NBFI in relation to its customers, products, delivery channels, and geographic areas of operation. The steps are as follows: 1. Identify the risks. 2. Assess the risks. 3. Design and put in place controls to manage and reduce risks. 4. Monitor and improve the effective operation of the risk-based controls. " #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

"A #risk-based approach involves a number of discrete steps in ascertaining the most cost-effective and appropriate ways to manage and mitigate the risks of money laundering and terrorist financing faced by an NBFI. These steps are to identify the money laundering and terrorist financing risks that are pertinent to the NBFI in relation to its customers, products, delivery channels, and geographic areas of operation. The steps are as follows: 1. Identify the risks. 2. Assess the risks. 3. Design and put in place controls to manage and reduce risks. 4. Monitor and improve the effective operation of the risk-based controls. " #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

"A #risk-based approach involves a number of discrete steps in ascertaining the most cost-effective and appropriate ways to manage and mitigate the risks of money laundering and terrorist financing faced by an NBFI. These steps are to identify the money laundering and terrorist financing risks that are pertinent to the NBFI in relation to its customers, products, delivery channels, and geographic areas of operation. The steps are as follows: 1. Identify the risks. 2. Assess the risks. 3. Design and put in place controls to manage and reduce risks. 4. Monitor and improve the effective operation of the risk-based controls. " #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

In today’s rapidly changing world of technology, static risk assessments are no longer enough. To effectively safeguard your organization, you need a proactive approach that evolves alongside emerging risks. At Inspire Security Solutions, we understand the critical importance of continuous risk management. Our tools and expert insights allow you to stay ahead of the curve, identifying and mitigating potential threats in real-time.  With our comprehensive list of services, you can: - Continuously assess and reassess your organization’s risk profile.  - Implement proactive measures to mitigate emerging threats.  - Gain actional insights to make informed risk management decisions.  - Ensure regulatory compliance and maintain stakeholder trust. Don’t wait for threats to materialize. Take proactive steps to protect your company’s assets and reputation with our solutions.    Contact us to learn more about how we can help you proactively manage your risks! #ProactiveRiskManagement #ContinuousRiskManagement #RiskFramework #RiskMitigation

In the swiftly changing landscape of the UK's risk management market, keeping a step ahead is non-negotiable 💼✨. From financial regulations to evolving cyber threats, risk professionals are tasked with steering companies through turbulent waters with precision and foresight. What truly sets apart the exceptional risk specialist? Their ability to not just respond to changes, but to anticipate and prepare for them. It's about looking beyond the curve and equipping your team with the right tools and knowledge 🛠️📘. At Arthur, we recognise this need for proactive talent in the finance and insurance sectors. Rather than react, we empower businesses to act with confidence, pairing them with professionals who don't just manage risk, but transform it into opportunity. The real question is, are you nurturing the skills that will shape the future of risk management? Are you connected with the people and organisations that will help you thrive in this dynamic environment? Let's discuss the future of risk management - your insights could be the catalyst for change. Share your thoughts in the comments, or if you're ready to transform challenges into opportunities, visit www.arthur.co.uk. #RiskManagement #FinancialServices #ArthurRecruitment

Risk assessment has changed 1. I used to think that business continuity was all about having a backup plan. 2. Threats felt distant, almost hypothetical. 3. Mitigation strategies were often shelved for 'later.' Exactly! It's a proactive necessity. 1. Now, I constantly evaluate potential threats. 2. Risks are addressed before they become disasters. 3. Mitigation is integrated into daily operations. Stop complaining and start prioritizing risk assessment. This is the 2024 way to protect your business. How do you ensure your organization is prepared for potential threats? #RiskAssessment #BCMS #BusinessContinuity #RiskManagement #2024Way

In today's fast-paced and unpredictable business environment, risks are inevitable. From market fluctuations to cyber threats, unexpected challenges can disrupt operations and impact growth. This is why having a proactive insurance risk manager as a strategic partner is crucial for your business. Don’t wait for a crisis to understand the importance of risk management. Make Guy Hurley Insurance & Surety your strategic partner today and set the foundation for a secure and prosperous future! #InsuranceRiskManagement #BusinessStrategy #ProactivePlanning #StrategicPartner #BusinessGrowth #RiskMitigation #FinancialProtection