In recent years, compliance has become more important to you as a financial institute, due chiefly to the increasingly strict requirements. But good corporate governance means more than just creating transparent organisation structures, clear responsibilities, the implementation of a written framework and a suitable tone-from-the-top approach. Another vital factor is fraud prevention, however complex it may be due to the broad variety of potentially fraudulent behaviours in the financial sector and the steady introduction of new methods.
Merely the one-time implementation of routine security measures is insufficient in this regard to satisfy the statutory requirements of Section 25h German Banking Act (KWG) and to safeguard your institute from financial and reputational damage.
At gwp, we gladly help to strengthen your corporate compliance and to detect, assess and suitably counteract your fraud risk.