Financial institutions too often expect compliance systems to pick up all the problems when they should be viewing risk management as an ongoing process, says McLeod. Random testing and highly trained people are needed to mitigate the risk institutions face, McLeod says. McLeod advises on several anti-corruption driven matters, both in terms of response to investigations/litigation and in compliance with FCPA/OECD-related issues. She also discusses the role volatile economic conditions play in rogue trading, and how to identify potential red flags when employees move.”]
Source: https://www.cuinfosecurity.com/ubs-lesson-for-banks-a-4118