Audit Disaster Recovery Third-Party Service Provider 
Stax
AUGUST 22, 2024
Additionally, you need to conduct regular compliance training for your staff and internal audits. Cyberattacks, human errors, third-party service provider failures, and system disruptions all come under operations risk. Payfacs need to have regular AML screenings and strictly implement KYC procedures.
Global Fintech & Digital Assets
DECEMBER 11, 2023
Requirements related to business continuity and disaster recovery have also been included for the first time. By April 29, 2024, certified entities must comply with the amended risk assessment, cybersecurity policy, penetration testing and monitoring, training, and audit requirements.
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