Expectations for transaction monitoring (TM) governance are quickly evolving due to the complexity of detection systems, the demand for additional operational oversight, increased regulatory scrutiny, and the need for an adequate control framework to guarantee proper risk management. As a result, compliance officers/AML officers/money laundering reporting officers (collectively, MLROs), along w...

Introduction The etiology of adult sexual offending refers to the origins or causes of sexually abusive behavior, including the pathways that are associated with the behavior’s development, onset, and maintenance. Knowledge about the etiology of sexual offending is important for several reasons. First, the development of effective prevention and treatment strategies is contingent on having cred...

The recent financial crisis highlighted the need for a strong emphasis on the effectiveness of board risk oversight practices. Good corporate governance upholds effective risk management, which in turn ensures the flexibility to reply to unpredicted threats and take benefit of opportunities. Thus, risk management affords corporate resilience that engenders competitive advantage due to the capac...

Governance, Risk and Compliance (GRC) has become critical for organizations and so is the need to support this by ICT. This paper positions GRC into an integrated strategic perspective, providing guidelines to assess maturity and defining paths for achieving strategic alignment. The approach is applied to two case studies, clarifying the organizations’ GRC maturity “as is” and “to be”. These ca...

Truncation is a term, which defines cutting off the negligible contribution of the results of the fault tree/event tree analysis, when evaluating complex facilities. This paper shows that consideration of requirements from Probabilistic Risk Assessment Procedures Guide at the largest acceptable truncation may lead to more than 40% differences from the results with no truncation at results for F...

Natural and man-made disasters are inevitable and appear to be more common in the current age. Substantial time and effort have been invested and millions of dollars spent on disaster prevention and management. An important oversight in this planning has been the special needs of children. The vulnerability of children and their physiologic characteristics place them at increased risk during a...

The information security risk assessment is investigated from perspectives of most advanced probabilistic risk assessment (PRA) for nuclear power plants. Accident scenario enumeration by initiating events, mitigation systems and event trees are first described and demonstrated. Assets, confidentiality, integrity, availability, threats, vulnerabilities, impacts, likelihoods, and safeguards are r...

Risk assessment requires both risk analysis and risk evaluation ie, comparing the results of risk analysis with risk criteria to determine acceptability. The Safework Australia Hazardous Manual Tasks Code of Practice, Appendix F, provides a list of “Further risk assessment methods“ including methods developed during a research project which evaluated a participative ergonomics program. This com...