Be it for governance committees or the board of directors, compliance professionals must often report on key performance indicators (KPIs) and key risk indicators (KRIs). These indicators are often the chief way the health of organisations’ anti-financial crime programs is brought to the attention of senior managers. Thus, they play a significant role in assisting the organisational review of the risks and effectiveness of AFC controls. However, gaining meaningful insight is dependent on the design and the quality of supporting data. In this session, we discuss best practices for AFC leaders to highlight risks and controls’ effectiveness in a data-driven manner.
Understanding the differences and relationship between KPIs and KRIs, and how they can be analyzed to demonstrate AFC progress and potential systemic risks
Designing KPIs and KRIs that are meaningful, measurable and provide key insights on the health of the AFC frameworks
Overcoming data quality challenges and sharing best practices for information collection, analysis and presentation