FRAUD PREVENTION MEASURES IN BANKS AND OTHER FINANCIAL HOUSES Given that fraud is a criminal act that has a negative impact both to the financial institute and to the general public as it can reduce the income of a country if not controlled. The government has forward a couple of measures to protect public funds. There has been the creation of the Uniform Commercial Code (UCC) put in place in order to serve as a regulator and to define the accountabilities of counterparties when carrying...
RISK MANAGEMENT IN BANKS   Risk management as a whole is the process of analyzing, recognizing and taking or mitigation of uncertainty as a result of an investment decision. Once investment objectives have been set and the level of risk tolerance set there is need for the investor or the fund manager to carryout analyses so as to the degree of exposure the business is towards lost and set up appropriate actions to stop or reduce the level of risk. It has been shown by the recession that...


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