Q. What operating system does your system work on?
A. RiskSecure™ can work on any operating system as it links into the database.

Q. How different is it from data analysis tools?
A. Generic data analysis tools do not work online real-time. Secondly, they rely heavily on the integrity of data obtained to perform the tests. They have no method of alerting people instantaneously. RiskSecure™, once set-up, monitors the database and any change or alteration to the data in the database is captured online and reported by exception to the appropriate levels of management instantly.

Q. Can you change clients' data?
A. No, we cannot. Ours is a read-only tool, so it cannot and does not make changes to clients' data.

Q. Does your system change any settings in clients' computers?
A. RiskSecure™ links to the database and not the application and thus it can be installed or removed without any changes to clients' system settings.

Q. Is your system resource intensive?
A. No, it is not an overhead on clients' system; it is equivalent to another workstation on the network.

Q. Do you have solutions for each industry?
A. We have developed and perfected solutions for Banking, Insurance, Airlines, Manufacturing, Telecommunications, Oil & Gas, Medical Aid Schemes, Hospitals, Money Exchange Companies, Local Governments and Commerce.

Q. Do you take data outside clients' premises?
A. No, the system runs at clients' premises. We do not take any data outside clients' premises. HLB-NGA has it's own disaster recovery plan to ensure that the system is aways operational.

Q. Can we change any of our reports ourselves?
A. Initial reports are written by HLB-NGA, but the system is so designed that additional customisation can be performed by the client.

 

 

 

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Announcements
  • Strategic Performance Management Approach

    Strategy selection and execution can only be achieved by interacting with appropriate information, defining clear objectives, and managing performance. Taking a strategic approach to collating and distributing essential information will seamlessly allow the vision of performance management to become a reality that will significantly increase global business performance and profit.
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  • Having policies and procedures in place to manage risk and maintain compliance is essential. But these will only be truly effective if your employees are made aware of your policies and procedures and understand how their behaviour can impact on them – for good or bad! Using KAT our new Online Knowledge and Training Software

    Dr Mark Germishuys International Director
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International News
  • US fines Nigeria's United Bank for Africa $15 mln

    WASHINGTON, April 28 (Reuters) - Nigeria's United Bank for Africa Plc UBA.LG has been fined $15 million for failing to comply with anti-money-laundering rules, U.S. authorities said on Monday.

    The civil penalty was levied against the bank's New York branch because it violated a cease-and-desist order issued in January 2007 over problems with administering Bank Secrecy Act provisions.

    An examination of the bank's programs was conducted by the Office of the Comptroller of the Currency in November. Bank Secrecy Act compliance is overseen by bank regulators and the Financial Crimes Enforcement Network (FinCEN). The OCC and FinCEN are units of the Treasury Department.

    With assets of about $441 million, United Bank for Africa is the largest bank in Nigeria, with more than 630 offices there, as well as in Ghana, Cameroon, Cote d'Ivoire, Cayman Islands and London, according to FinCEN's enforcement document.

    U.S. regulators said the civil penalty stemmed from about $197 million in suspicious transactions the bank failed to identify and report.

    "We now have a BSA/AML program that we continually strengthen and assess in line with both market and regulatory developments," a bank official said.
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  • US fines Nigeria's United Bank for Africa $15 mln

    WASHINGTON, April 28 (Reuters) - Nigeria's United Bank for Africa Plc UBA.LG has been fined $15 million for failing to comply with anti-money-laundering rules, U.S. authorities said on Monday.

    The civil penalty was levied against the bank's New York branch because it violated a cease-and-desist order issued in January 2007 over problems with administering Bank Secrecy Act provisions.

    An examination of the bank's programs was conducted by the Office of the Comptroller of the Currency in November. Bank Secrecy Act compliance is overseen by bank regulators and the Financial Crimes Enforcement Network (FinCEN). The OCC and FinCEN are units of the Treasury Department.

    With assets of about $441 million, United Bank for Africa is the largest bank in Nigeria, with more than 630 offices there, as well as in Ghana, Cameroon, Cote d'Ivoire, Cayman Islands and London, according to FinCEN's enforcement document.

    U.S. regulators said the civil penalty stemmed from about $197 million in suspicious transactions the bank failed to identify and report.

    "We now have a BSA/AML program that we continually strengthen and assess in line with both market and regulatory developments," a bank official said.
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