18 Dec

Corrective action by correctly acting

first_imgYou’ve received the findings of your recent audit, and of course the credit union’s compliance program is in good shape.  Why wouldn’t it be?  You’ve been working tirelessly over the last 12 months ensuring your team has sufficient training, detailed procedures, and the necessary resources to ensure compliance.  However, almost every audit has at least one finding, and you’ve got a couple of minor issues to address.  But, how do you ensure these items are resolved?I’d highly recommend the implementation of a tracking system.  If you’re lucky enough to have sufficient budget, I’d suggest investing in software such as ComplySight, which can make this process much easier.  But, if you’re not that fortunate, a simple spreadsheet and some elbow grease can help you accomplish this task.  Regardless of the method used, it will be important to document each of the following items.The first item to document is the issue which was identified.  What was it that the auditor found which might be a concern?  Then, determine the root cause of the error or issue.  Was it due to ineffective procedures?  A lack of training?  Identifying the cause will aid in determining the correct remedy.  The remedial action may be easily identified or it may take a team of individuals to arrive at the appropriate decision.Once the necessarily follow up action has been determined, it should be assigned to the appropriate individual or committee.  This entity should be given a due date for correction.  If it will be a long process it may be necessary to have periodic check-points to ensure progress continues to be made.  Sometimes there are multiple parties or departments impacted.  In such a situation, multiple due dates may need to be established, as one department may need to complete its action, before another may begin. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

30 Aug

Britbet at centre of racecourse pool betting operations

first_img Submit APBGG: Industry cannot afford complacency on underage gambling February 28, 2019 Share SBC Digital Summit: Measured approaches ‘need to be based on evidence’ April 28, 2020 Winning Post: Changing perceptions of animal betting sports November 12, 2018 StumbleUpon Share Related Articles Through the formation of a new partnership, Britbet has been revealed as the customer facing brand for racecourse pool betting operations.As part of an agreement between the majority of British racecourses to offer pool betting services from July of this year, it has now been announced that Britbet will be its customer facing name.Under the terms of the partnership, the firm will see its brand on partner racecourses and via the partnership’s remote betting platforms.David Williams, Director of Communications at Britbet, said: “With less than six months to go until our launch we are delighted to announce Britbet as the customer-facing brand.“We are working on some exciting ideas for Britbet which will bring the brand to life and the next few months will see those plans come to fruition ahead of going live in July. “Our aim is to make Britbet synonymous with British racing and our racecourse partners while delivering a first-class experience for customers on and off the racecourses. It will be a genuine “by racing, for racing” operation which is something we believe customers will embrace.“Our focus remains on launching Britbet across our racecourses in July; this significant brand presence will also be enhanced by allowing customers to access the pools via our own remote betting platforms and it is something we’re looking forward to delivering.”last_img read more