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Neftaly Email: sayprobiz@gmail.com Call/WhatsApp: + 27 84 313 7407

Tag: risks

Neftaly Email: sayprobiz@gmail.com Call/WhatsApp: + 27 84 313 7407

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  • Neftaly regulation of sustainability risks embedded in financial derivative products

    Neftaly regulation of sustainability risks embedded in financial derivative products

  • saypro how to assess operational risks in white-labeled financial services

    saypro how to assess operational risks in white-labeled financial services

    How to Assess Operational Risks in White-Labeled Financial Services

    White-labeled financial services enable organizations to offer banking, payment, or investment solutions under their own brand, powered by a third-party provider. While this model unlocks speed and scale, it also introduces operational risks that must be carefully assessed and managed.

    1. Understand the Risk Landscape

    Operational risk refers to losses stemming from inadequate or failed internal processes, people, systems, or external events. In a white-labeled setup, these risks are distributed across both your organization and your service provider.

    Key risk areas include:

    • Technology failure (e.g., system downtime, data breaches)
    • Regulatory non-compliance
    • Third-party service disruption
    • Misaligned customer experience
    • Fraud or data misuse

    2. Conduct a Comprehensive Risk Assessment

    Start with a detailed review of your entire value chain:

    • Map Processes: Identify every operational step, from onboarding to transaction handling.
    • Evaluate Dependencies: Understand where your operations rely on third-party systems, APIs, or infrastructure.
    • Assess Controls: Review the control mechanisms in place, such as SLAs, audit rights, and data handling protocols.

    3. Review Third-Party Governance

    Ensure your white-label partner adheres to the same (or higher) compliance and security standards as your organization.

    • Request SOC 2, ISO 27001, or equivalent audit reports.
    • Validate business continuity and disaster recovery plans.
    • Monitor performance KPIs regularly, including uptime and error rates.

    4. Embed Risk in Contractual Agreements

    Risk ownership must be clearly defined in your contracts. Ensure:

    • Responsibilities are split logically.
    • SLAs include penalties for critical failures.
    • Data protection and liability clauses reflect regulatory obligations.

    5. Regulatory & Compliance Checks

    Confirm that the white-labeled services align with local and international regulations such as:

    • AML/KYC requirements
    • GDPR/POPIA
    • Payment and banking licenses where applicable

    A strong compliance framework reduces exposure to fines and reputational damage.

    6. Simulate Failure Scenarios

    Conduct tabletop exercises or simulations to test:

    • Incident response readiness
    • Customer communication plans
    • Escalation protocols

    This proactive approach can significantly reduce the impact of real-world disruptions.

    7. Establish Continuous Monitoring

    Use dashboards and automated alerts to track:

    • System uptime
    • Transaction anomalies
    • Customer complaints
    • Compliance breaches

    Real-time monitoring supports early detection and rapid response.

    Neftaly Tip:
    Operational risk is not a one-time evaluation—it’s an ongoing process. Build a culture of risk awareness across teams, and ensure your partners are aligned with your vision for trust, transparency, and customer protection.

  • saypro how to manage risks from delayed implementation of global risk policies

    saypro how to manage risks from delayed implementation of global risk policies

    Managing Risks from Delayed Implementation of Global Risk Policies

    In today’s interconnected business environment, global risk policies are essential to maintaining compliance, ensuring operational continuity, and protecting organizational reputation. However, delays in implementing these policies can expose organizations to significant risks. Effective management of such risks requires a proactive and structured approach.

    1. Understand the Impact of Delays

    Delayed implementation of global risk policies can result in:

    • Increased exposure to regulatory penalties and legal liabilities.
    • Operational inefficiencies and vulnerabilities.
    • Loss of stakeholder trust and market credibility.
    • Inconsistencies in risk management practices across regions.

    Recognizing these consequences early is crucial for mitigating potential damages.

    2. Identify Root Causes of Delays

    Common reasons for delayed implementation include:

    • Lack of clear communication across global teams.
    • Resource constraints or competing priorities.
    • Complexity of local adaptations and regulatory differences.
    • Inadequate training or change management efforts.

    Identifying these causes helps in tailoring targeted mitigation strategies.

    3. Implement a Robust Risk Mitigation Framework

    • Prioritize High-Risk Areas: Focus on critical policies that impact compliance and safety first.
    • Enhance Communication Channels: Establish clear, frequent communication between global and regional teams to track progress and address roadblocks.
    • Allocate Adequate Resources: Ensure sufficient staffing, budget, and tools are available to support timely implementation.
    • Leverage Technology: Use risk management software to monitor policy rollout status, flag delays, and automate reminders.
    • Customize Local Training: Provide region-specific training to ensure understanding and adoption of policies.
    • Engage Leadership: Secure executive sponsorship to drive accountability and resource allocation.

    4. Monitor and Review Continuously

    Regularly track implementation progress and performance metrics through dashboards and audits. Promptly address emerging issues to prevent further delays and escalate concerns when necessary.

    5. Develop Contingency Plans

    Prepare fallback strategies for critical risk areas, such as temporary controls or alternative procedures, to minimize exposure during delayed policy implementation.

    Conclusion:
    Delays in implementing global risk policies are a common challenge but can be effectively managed through early identification, clear communication, resource allocation, and continuous monitoring. By adopting a proactive risk management approach, organizations can safeguard their operations, ensure compliance, and maintain stakeholder confidence even amidst implementation delays.

  • saypro how to assess global risks related to sanctions screening processes

    saypro how to assess global risks related to sanctions screening processes

    How to Assess Global Risks Related to Sanctions Screening Processes

    In today’s interconnected world, sanctions screening is a critical component of compliance programs for businesses operating internationally. Properly assessing global risks related to sanctions screening helps organizations avoid regulatory penalties, reputational damage, and operational disruptions.

    Here are key steps and considerations to effectively assess these risks:

    1. Understand the Sanctions Landscape

    • Identify Relevant Sanctions Lists: Monitor and incorporate sanctions lists from key regulatory bodies such as OFAC (U.S.), UN, EU, UK, and others depending on your operational footprint.
    • Track Updates Regularly: Sanctions lists evolve frequently. Continuous updates and monitoring are essential to ensure compliance with the latest restrictions.

    2. Map Your Global Exposure

    • Geographic Footprint: Analyze where your organization operates, including subsidiaries, agents, partners, and customers.
    • High-Risk Jurisdictions: Pay special attention to regions known for sanctions risks or geopolitical instability.

    3. Evaluate Screening Processes and Technology

    • Screening Accuracy: Assess your current sanctions screening tools for effectiveness in identifying potential matches and reducing false positives.
    • Integration Across Systems: Ensure sanctions screening is embedded across customer onboarding, transaction monitoring, and supplier vetting processes.

    4. Assess Third-Party and Supply Chain Risks

    • Due Diligence: Evaluate third parties and suppliers against sanctions lists and conduct enhanced due diligence on entities in high-risk regions.
    • Continuous Monitoring: Implement ongoing surveillance of third-party relationships to catch any changes that may introduce sanctions exposure.

    5. Implement Risk-Based Approach

    • Risk Segmentation: Classify customers, transactions, and jurisdictions by risk level and apply appropriate screening intensity.
    • Prioritize Resources: Focus compliance efforts where the highest sanctions risks exist to maximize efficiency and control.

    6. Train and Educate Your Team

    • Awareness: Regularly train compliance, sales, and operations teams on sanctions requirements and the importance of screening.
    • Responsiveness: Ensure teams know how to handle potential hits or alerts generated by the screening system.

    7. Establish Clear Policies and Documentation

    • Sanctions Screening Policy: Maintain a robust, documented policy aligned with global regulatory expectations.
    • Audit Trails: Keep detailed records of screening outcomes and investigations to demonstrate compliance during audits.

    8. Leverage Expert Support and Technology

    • Consultation: Engage with sanctions compliance experts to stay informed about emerging risks and best practices.
    • Automation & AI: Utilize advanced screening technologies that leverage AI and machine learning to enhance detection capabilities and reduce manual workload.
  • saypro how to manage risks associated with agile delivery models

    saypro how to manage risks associated with agile delivery models

    Managing Risks in Agile Delivery Models

    Agile delivery models offer flexibility, faster feedback cycles, and adaptability to change, but they also come with unique risks that need proactive management to ensure project success. At Neftaly, we emphasize a structured approach to identifying, assessing, and mitigating risks in Agile environments.

    1. Understand Agile-Specific Risks

    Agile projects face risks such as scope creep, unclear requirements, team dependency, and integration challenges. Recognizing these helps teams prepare targeted strategies.

    2. Engage in Continuous Risk Identification

    Risk management is ongoing. Regular sprint retrospectives, daily stand-ups, and backlog refinement sessions are opportunities to identify emerging risks early.

    3. Foster Transparent Communication

    Open communication among team members and stakeholders ensures that risks are reported promptly. Transparency reduces surprises and helps with collaborative problem-solving.

    4. Prioritize Risks Using Agile Metrics

    Leverage Agile metrics (e.g., velocity, burn-down charts) to detect signs of risk like scope changes or delayed deliverables. Prioritize risks based on their potential impact and likelihood.

    5. Implement Incremental Delivery

    Delivering work in small, manageable increments allows early detection of issues and minimizes the impact of risks on the overall project.

    6. Adapt Risk Responses Quickly

    Agile teams must be flexible in responding to risks, adjusting plans during sprint planning or backlog grooming to incorporate mitigation actions.

    7. Empower Cross-Functional Teams

    A team with diverse skills can handle technical and process risks more effectively, enabling faster resolution and innovation.

    8. Leverage Automated Testing and Continuous Integration

    Automated testing and CI pipelines reduce risks related to code quality and integration, ensuring that defects are identified and addressed quickly.

  • saypro how to assess dependency risks across interconnected legal entities

    saypro how to assess dependency risks across interconnected legal entities

    How to Assess Dependency Risks Across Interconnected Legal Entities

    In today’s global and highly integrated business environment, many organizations operate through multiple legal entities — whether subsidiaries, affiliates, joint ventures, or special purpose vehicles. While this structure offers flexibility and legal separation, it also introduces dependency risks that can ripple across the entire corporate network.

    Effectively assessing these risks is critical for governance, regulatory compliance, and business continuity.

    What are Dependency Risks?

    Dependency risks arise when one legal entity’s operations, finances, or compliance are significantly reliant on another within the same group. These interdependencies can expose the entire structure to cascading failures if one node is compromised.

    Examples of dependencies include:

    • Shared services (e.g., IT, HR, finance)
    • Intercompany loans or guarantees
    • Intellectual property ownership
    • Regulatory licenses or registrations
    • Key personnel or leadership overlaps

    Key Steps to Assess Dependency Risks

    1. Map the Legal Entity Structure

    Start by creating a comprehensive map of all interconnected entities:

    • Identify parent companies, subsidiaries, and affiliates.
    • Highlight ownership percentages and jurisdictional information.
    • Document control rights and governance models.

    2. Catalogue Intercompany Relationships

    Document all material interactions between entities:

    • Shared service agreements
    • Intercompany contracts and transactions
    • Cash pooling or treasury arrangements
    • Technology or data-sharing systems
    • Board or management overlaps

    3. Identify Critical Dependencies

    Assess which entities:

    • Provide essential functions (e.g., cybersecurity, compliance)
    • Hold licenses or intellectual property critical to the group
    • Are financially exposed through guarantees or loans
    • Are operational hubs (manufacturing, R&D, etc.)

    Use a risk matrix to rank dependencies by:

    • Impact (high, medium, low)
    • Likelihood of disruption

    4. Conduct Scenario Analysis

    Model risk scenarios such as:

    • Insolvency or legal action against a key entity
    • Regulatory changes in a specific jurisdiction
    • Cyberattack on a centralized IT system

    Assess how each scenario would affect interconnected entities and the group as a whole.

    5. Review Legal and Regulatory Implications

    • Understand jurisdiction-specific requirements on intercompany dealings.
    • Monitor compliance risks tied to shared services or cross-border data flows.
    • Ensure each entity maintains sufficient independence for legal and tax purposes.

    6. Implement Mitigation Strategies

    • Diversify critical functions across multiple entities where possible.
    • Document and formalize intercompany agreements.
    • Establish service level agreements (SLAs) and back-up service providers.
    • Ring-fence financial exposures with clear documentation and limits.

    7. Continuously Monitor and Reassess

    Dependency risks evolve with organizational changes. Regular audits, legal reviews, and operational updates should be part of the ongoing risk governance process.

    Why This Matters

    Unchecked dependency risks can lead to:

    • Operational breakdowns
    • Regulatory penalties
    • Reputational harm
    • Group-wide financial distress

    For organizations under increasing scrutiny from regulators and stakeholders, a proactive, structured approach to assessing and managing dependency risks is essential.

    How Neftaly Can Help

    Neftaly provides expert-led tools and services to help organizations:

    • Map legal entity structures
    • Analyze intercompany risks
    • Implement robust governance frameworks
    • Ensure compliance across jurisdictions

    Contact us today to assess and manage your dependency risks with confidence.

  • saypro how to manage customer harm risks in operational error scenarios

    saypro how to manage customer harm risks in operational error scenarios

    Neftaly Risk Management & Customer Care Framework

    Operational errors are inevitable in any organization, but how we anticipate, manage, and respond to these errors defines our credibility, customer trust, and risk exposure. At Neftaly, we are committed to proactively identifying risks and safeguarding our customers from harm—even when things go wrong.

    1. Understanding Customer Harm in Operational Contexts

    Customer harm refers to any negative impact experienced by a customer due to an internal error, such as:

    • Incorrect billing or payment processing
    • Misinformation or miscommunication
    • Service delays or disruptions
    • Breach of privacy or data mishandling
    • System failures or technical issues

    Examples:

    • A training system fails to record a certification, impacting employment.
    • Incorrect documentation leads to visa or legal complications.
    • Data breach compromises a learner’s personal information.

    2. Proactive Risk Identification

    Preventing customer harm starts with anticipating where errors may occur. Neftaly uses the following tools and processes:

    • Process mapping: Identifying error-prone steps in operational workflows.
    • Incident trend analysis: Monitoring frequent complaints or failures.
    • Risk assessments: Conducted for every new system, policy, or service launch.
    • Staff training audits: Ensuring competency in error prevention and detection.

    Tip: Use the FMEA (Failure Modes and Effects Analysis) method to prioritize high-risk failure points.

    3. Error Detection and Escalation

    When errors do happen, early detection is crucial to minimize harm.

    • Automated alerts in systems for anomalies (e.g. repeated failed logins, inconsistent data entries)
    • Frontline reporting protocols: Employees should immediately escalate suspected issues to supervisors or risk teams.
    • Whistleblower and feedback channels for internal and external parties.

    4. Mitigation Strategies to Minimize Harm

    Once an operational error is identified, Neftaly follows these mitigation steps:

    a. Immediate Containment

    • Stop the process causing the harm (e.g. freeze account, pause billing, halt communications).
    • Notify affected internal teams.

    b. Root Cause Investigation

    • Use a structured approach such as the 5 Whys or Ishikawa (Fishbone) Diagram.
    • Document findings in an internal risk register.

    c. Corrective Actions

    • Fix the process or system fault.
    • Retrain staff or update procedures if needed.
    • Communicate internally and ensure the fix is implemented across all teams.

    5. Customer Communication Protocols

    Transparency builds trust—even in error scenarios. Neftaly’s communication framework includes:

    • Timely Notification: Inform the customer as soon as a risk of harm is detected.
    • Clear Explanation: Use non-technical, empathetic language.
    • Apology & Accountability: Own the error without deflecting blame.
    • Remediation Plan: Share the steps being taken to correct the issue.
    • Compensation (if applicable): Offer refunds, credits, or other goodwill gestures.

    Example Template:
    “We regret to inform you of an error that may have impacted your recent certification record. We take full responsibility and are actively resolving the issue. You will receive a full update within 48 hours. In the meantime, please contact us if you experience any further inconvenience.”

    6. Post-Incident Review and Improvement

    Every operational error is a learning opportunity. After each incident:

    • Conduct a post-mortem review with involved teams.
    • Update the Risk Register and Lessons Learned Log.
    • Implement long-term controls (e.g., system validation, double-check workflows).
    • Share learnings across teams to avoid repetition.

    7. Legal and Compliance Considerations

    • Comply with data protection laws, customer rights policies, and contractual obligations.
    • Document all actions taken in response to the error.
    • Consult with legal counsel if the harm involves financial loss, regulatory breach, or reputational risk.

    8. Training and Culture of Accountability

    • Embed risk awareness into onboarding and ongoing training.
    • Encourage a blame-free culture where staff feel safe reporting issues.
    • Recognize employees who proactively identify and prevent harm.

    Conclusion

    Operational errors don’t define an organization—our response does. At Neftaly, managing customer harm is not just a compliance requirement—it’s a moral commitment to excellence, accountability, and care. By embedding proactive risk management and responsive customer service into our operations, we protect our clients, our brand, and our future.

  • saypro developing strategies for mitigating financial fraud risks in virtual accounting environments

    saypro developing strategies for mitigating financial fraud risks in virtual accounting environments

    Developing Strategies for Mitigating Financial Fraud Risks in Virtual Accounting Environments

    As accounting increasingly shifts to virtual platforms, Neftaly recognizes the critical importance of addressing financial fraud risks that come with this transformation. Virtual accounting environments offer remarkable convenience and efficiency, but they also open new avenues for fraudulent activities. To safeguard our clients’ financial integrity, Neftaly is committed to developing and implementing robust strategies tailored specifically for these digital landscapes.

    Understanding the Unique Challenges of Virtual Accounting

    Virtual accounting systems operate beyond traditional office boundaries, often relying on cloud-based software, remote access, and electronic data interchange. This flexibility, while beneficial, creates vulnerabilities such as:

    • Increased risk of unauthorized access and data breaches
    • Potential manipulation of digital financial records
    • Weak authentication protocols
    • Inadequate segregation of duties in virtual teams

    Recognizing these risks is the first step toward designing effective mitigation strategies.

    Neftaly’s Strategic Approach to Fraud Risk Mitigation

    1. Comprehensive Risk Assessment:
      We begin by thoroughly evaluating the client’s current virtual accounting setup to identify specific vulnerabilities. This includes reviewing software security, access controls, and data management practices.
    2. Enhanced Access Controls and Authentication:
      Implementing multi-factor authentication (MFA), role-based access, and strict permission settings ensures that only authorized personnel can access sensitive financial data.
    3. Segregation of Duties in Virtual Teams:
      Neftaly designs workflows that separate responsibilities among different team members, even in remote environments, to minimize opportunities for fraud.
    4. Continuous Monitoring and Anomaly Detection:
      Using advanced analytics and AI-driven tools, we monitor financial transactions in real time to detect unusual patterns or discrepancies indicative of fraud.
    5. Employee Training and Awareness:
      We conduct regular training sessions focused on cyber hygiene, fraud prevention, and ethical practices tailored for remote accounting staff.
    6. Regular Audits and Compliance Checks:
      Scheduled internal and external audits help verify the integrity of virtual accounting records and adherence to regulatory requirements.
    7. Incident Response Planning:
      In the event of suspected fraud, Neftaly ensures rapid investigation and response protocols to minimize financial damage and restore system integrity.

    Leveraging Technology for Secure Virtual Accounting

    Neftaly leverages the latest technologies including blockchain for immutable record-keeping, encryption for secure data transmission, and cloud security frameworks designed specifically for financial applications. This technology-driven approach provides a strong defense against fraud attempts while maintaining operational efficiency.

  • saypro developing frameworks for managing fraud risks in collaborative funding partnerships

    saypro developing frameworks for managing fraud risks in collaborative funding partnerships

    Neftaly: Developing Robust Frameworks for Managing Fraud Risks in Collaborative Funding Partnerships

    In today’s interconnected funding landscape, collaborative partnerships offer immense opportunities for innovation and growth. However, they also introduce complex fraud risks that can undermine trust, financial integrity, and the success of joint ventures. At Neftaly, we specialize in developing comprehensive frameworks designed to identify, assess, and mitigate fraud risks in collaborative funding partnerships, ensuring sustainable and secure cooperation among stakeholders.

    Our Approach:

    1. Risk Identification and Assessment
      We begin by thoroughly understanding the unique dynamics of each partnership, analyzing potential vulnerabilities related to funding flows, reporting mechanisms, and stakeholder interactions. Our risk assessment tools are tailored to uncover fraud risks ranging from misappropriation of funds to collusion and misreporting.
    2. Framework Design and Implementation
      Neftaly develops customized fraud risk management frameworks that incorporate best practices in governance, transparency, and accountability. These frameworks include clear policies, control mechanisms, and monitoring protocols aligned with the specific requirements of each partnership.
    3. Stakeholder Engagement and Training
      Effective fraud risk management requires active collaboration. We facilitate stakeholder workshops and training sessions to raise awareness, promote ethical behavior, and empower partners to detect and respond to fraud indicators proactively.
    4. Technology-Enabled Monitoring
      Leveraging cutting-edge technology, including data analytics and automated compliance tools, our frameworks enable continuous monitoring of financial transactions and activities, helping to detect anomalies early and prevent fraud before it escalates.
    5. Ongoing Evaluation and Improvement
      Fraud risks evolve as partnerships grow. Neftaly provides continuous evaluation of the frameworks’ effectiveness, adapting and enhancing controls to address emerging threats and maintain a resilient funding environment.

    Why Choose Neftaly?

    • Proven expertise in fraud risk management across diverse collaborative funding models
    • Tailored solutions that balance risk mitigation with operational efficiency
    • Commitment to fostering trust, transparency, and long-term partnership success

    With Neftaly’s frameworks, organizations can confidently engage in collaborative funding partnerships knowing they have robust safeguards against fraud risks—protecting both financial resources and reputations.

  • saypro developing policies for managing financial fraud risks in hybrid work environments

    saypro developing policies for managing financial fraud risks in hybrid work environments

    1. Introduction

    As Neftaly transitions into a hybrid work model, combining both remote and on-site work, it is essential to strengthen our controls and protocols to effectively manage financial fraud risks. This policy outlines the guidelines and procedures to minimize financial fraud exposure and protect our assets, reputation, and stakeholders.

    2. Purpose

    The purpose of this policy is to establish a framework for identifying, preventing, and mitigating financial fraud risks within a hybrid work setting. It aims to safeguard Neftaly’s financial integrity by addressing the unique challenges posed by remote work.

    3. Scope

    This policy applies to all Neftaly employees, contractors, consultants, and any other personnel who handle financial transactions or have access to financial data, whether working remotely, on-site, or in a hybrid manner.

    4. Key Principles

    • Accountability: Clear roles and responsibilities for financial activities.
    • Segregation of Duties: Avoiding conflicts of interest by separating key financial responsibilities.
    • Transparency: Maintaining open communication and documentation of financial transactions.
    • Vigilance: Continuous monitoring and reporting of suspicious activities.
    • Data Security: Ensuring secure access to financial systems and data.

    5. Policies and Procedures

    5.1 Access Control and Authentication

    • Use multi-factor authentication (MFA) for all financial systems access, regardless of location.
    • Restrict access based on role and need-to-know basis.
    • Regularly review and update access privileges, especially when employees change roles or leave the company.

    5.2 Secure Communication and Data Handling

    • Use company-approved encrypted communication channels for discussing or transmitting financial information.
    • Prohibit sharing of sensitive financial information over unsecured or personal devices without company authorization.
    • Ensure secure storage and backup of all financial records.

    5.3 Transaction Monitoring and Approval

    • All financial transactions must have documented approvals from authorized personnel.
    • Implement automated transaction monitoring tools to detect anomalies or unusual patterns, especially for remote transactions.
    • Conduct periodic reconciliations and audits to verify the accuracy and legitimacy of transactions.

    5.4 Employee Training and Awareness

    • Conduct regular training sessions on fraud risks, red flags, and reporting mechanisms tailored to hybrid work settings.
    • Encourage a culture of integrity and openness where employees feel comfortable reporting suspicious activities without fear of retaliation.

    5.5 Incident Reporting and Response

    • Establish a clear and confidential reporting channel for suspected fraud incidents.
    • Investigate all reports promptly with appropriate disciplinary and corrective measures.
    • Document all incidents and lessons learned to improve future fraud prevention efforts.

    5.6 Technology and Infrastructure

    • Ensure all remote access points meet company security standards, including VPN usage and endpoint protection.
    • Regularly update and patch financial software and systems to minimize vulnerabilities.
    • Conduct periodic penetration testing and security assessments focusing on remote access and hybrid environments.

    6. Roles and Responsibilities

    • Management: Enforce this policy and ensure adequate resources are available for fraud risk management.
    • Finance Team: Maintain transaction controls, conduct audits, and report irregularities.
    • IT Department: Provide secure infrastructure and monitor cyber threats related to financial data.
    • Employees: Adhere to this policy, participate in training, and report suspicious behavior.

    7. Review and Updates

    This policy will be reviewed annually or as needed to reflect changes in the hybrid work model, technological advancements, or emerging fraud risks.