Internal audit in payment companies

The Covid 19 crisis has changed the risks associated with payments. Deloitte’s article „The shifting landscape of risk: Perspectives on payments companies, internal audit, and the pandemic“ addresses these risks and outlines how the risks have evolved and how payments companies‘ IA departments can improve their understanding of these changing risks. As customers continue to move away from cash, payment companies should be aware of how their risk profiles may change under COVID-19.

The topics Fraud Risk, Cyber Risk, Business Continuity, Bank Secrecy Act/Anti-Money Laundering, Safeguarding Funds are addressed.

You can find the article here.