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When an employee diverts customer funds or exceeds authority, the first control failure is upstream: no one documented the scope of access granted, the business rationale for that level of privilege, or the schedule for supervisory review. Decision Governance treats access delegation as a decision artifact—owner, rationale, evidence, outcome—produced at hire, promotion, or role change and revisited on interval. The enforcement action confirms that post-incident investigation is expensive; the missing artifact is the contemporaneous access-grant record that would have constrained authority or flagged abuse in real time.

From the FED release

Federal Reserve Board issues enforcement action with former employee of Banco Popular de Puerto Rico

Read the original FED release →

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