By Kristina Whittaker and Neil Bloomfield. In the aftermath of sales practices, the Office of the Comptroller of the Currency (OCC) recently published a bulletin on fraud risk management principles that are applicable to all federally chartered financial institutions. The bulletin supplements existing OCC and interagency guidance and provides a roadmap of OCC expectations.
The OCC highlights certain risk management principles:
- A bank should have sound corporate governance practices that instill a corporate culture of ethical standards and promote employee ...
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