High-Risk Crypto Transactions
March 18, 2025International Compliance
March 18, 2025Definition:
Internal controls are policies and procedures established within an organization to ensure regulatory compliance, prevent fraud, and mitigate risks.
Contextual Explanation:
Common internal controls include transaction monitoring, audit trails, and access restrictions to sensitive data.
Why It Matters:
Strong internal controls improve operational efficiency, enhance financial security, and prevent legal violations.