Risk management and fraud news from around the web: November 18 – 22, 2024

Finance to-do list: Year-end cash management considerations 

Before the year-end, finance leaders should not overlook these four simple steps that can help shore-up their bottom lines 

FinCEN issues alert on fraud schemes involving deepfake media targeting financial institutions 

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued an alert to help financial institutions identify fraud schemes associated with the use of deepfake media created with generative artificial intelligence (GenAI) tools. 

What every multinational company should know about the most common supply chain risk management failures 

Understanding where compliance gaps commonly occur and how to address them is essential for businesses looking to maintain resilient and compliant supply chains that meet evolving regulator expectations. 

To mitigate gen AI’s risks, draw on your team’s collective judgment 

Organizations face the challenge of using generative AI without falling prey to its drawbacks. Many companies have employed two basic layers of risk management strategies: policies on how to use the technology and critical thinking about outputs. Companies should adopt a novel third layer of risk management: team-based judgment.