Photo by Vernon Raineil Cenzon on Unsplash
A recent press release of the OCC states eight key risks for banking organizations associated with crypto-assets and several approaches in supervision for this area.
Over the past year, there are significant vulnerabilities and volatility demonstrated in banking organizations; hence, there is a call for cautious approaches and awareness of the risks. Despite having no control over the risks, conducting monitoring, evaluation, and revision on all proposals to help in ensuring the safety and compliance with applicable laws and regulations.
Read the statement more with the link we have shared to know the key risks listed by the OCC and to make sure there is compliance with new rules, laws, and regulations, onboard TCFS & Associates to be guided and secured from the risks.
Link to OCC's press release: https://www.occ.gov/news-issuances/news-releases/2023/nr-ia-2023-1.html
Link to TCFS & Associates' official website: https://tcfsg.com/