Training to improve the skill of skepticis can lead to improvements in critical thinking and CDD performance!

Has professional skepticism been a meaningful component to your risk-based approach to ongoing development and maintenance of Transaction Monitoring rules?

Skepticism helps protect us against evil. Bring skepticism to work today and every day!

Easy acceptance of assertions rather than professional skepticism and effective testing can be expensive.

Encourage professional skepticism. Does your training help build this skill? On a risk assessed basis, which processes require greater discipline in being skeptical?

Professional skepticism - it's important for Board members too!

Skepticism is important to internal audit, independent review, and self examination. Pulling the right threads, asking better questions, and having the courage to deliver difficult and disappointing news is critical.

Providing good news and celebrating after having performed an effective examination with risk-based scrutiny and skepticism is also important. Giving and receiving praise after confidence is earned through thorough examination feels good.

Y oh Y oh Y oh Y oh Y? There's five of 'em. 5 Whys

Example of the Five Whys technique....

What techniques have you used to help develop professional skepticism within your transaction monitoring team?

Play out some "war games" with your compliance team! Work on developing those skeptical thinking muscles!

Gamify it. Enjoy the thrill of developing skeptical practices that improve risk mitigation!

Does your risk assessment demonstrate a skeptical mindset and rigorous, thoughtful examination?

Training doesn't have to be dull and boring. Teach and practice skepticism and critical thinking. Liven it up! Be more effective!

Skeptics will someday rule our AI humanoid overlords; you could be one of them! Until then, build those skepticism muscles and coach others! Use skepticism for good!

Internal examiners, independent reviewers and regulators must be disciplined in the effective application of professional scrutiny.

Professional skepticism should be trained and encouraged. It fosters shared understanding of risks and controls; it also encourages accountability in a strong Culture of Compliance

Why? How does that make sense? Really?

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