Fraud
Fraud refers to dishonest and illegal activities by people or companies with the intent of gain, either financial or otherwise. The following fraud reports, fraud news and articles about fraud look at the day-to-day challenges of preventing, identifying and mitigating fraud.
Danske Bank: Money Laundering at Its Finest
Something rotten in Denmark: Unpack the $2B settlement Danske Bank made with the U.S. government DOJ, SEC Settlements & Fines Money Laundering at Its Finest What’s in this report from podcaster and compliance expert Tom Fox:A U.S.-led investigation into Danske...
Win-Lose Situation: No Matter Outcome of Brazilian Presidential Election, Corruption Wins (and Everyone Else Loses)
Brazil’s presidential contest will head to a two-man runoff election later this month, but if any observers had hopes for an anti-corruption movement to take hold in the country, Victoria Abut says the only thing that can’t win this election...
Chrysler/FCA Diesel Emissions Fraud Scandal
Exploring the background and implications of the DOJ's sentencing of Chrysler (now FCA) over diesel emissions fraud. Corruption Isn't Just Bribery or FCPA Violations Chrysler/FCA Diesel Emissions Fraud Scandal What's in this whitepaper by attorney and podcaster Tom Fox:Corruption comes...
Capacity to Combat Corruption Index 2022
Control Risks and Americas Society/Council of the Americas (ASCOA) has released the fourth edition of the Capacity to Combat Corruption (CCC) Index, which assesses countries' ability to detect, punish and deter corruption. The fight against corruption presented a mixed picture...
When It Comes to Preventing Bribery, Leave Nothing to the Imagination
One person’s harmless inducement is another’s criminal bribe. With customs, mores and laws that vary by culture, what constitutes bribery in each business context is not always clear. Help your employees and protect your company by providing clear context and...
Corporate Liability Reform in the UK is Accelerating: Your GRC Teams Need to Future-Proof Compliance
The UK’s just-enacted corporate crime legislation is a step in the right direction but failed to address a wide range of risks and challenges. Nonetheless, in the current climate, more legislation will soon follow. In light of such developments, global...
Compliance and Ethics Lessons Learned from KT Corps’ $6.3 Million FCPA Settlement
The SEC's FCPA settlement with South Korean telecom KT Corporation was relatively light, thanks in part to the latter's cooperation. But the company's missteps remain a cautionary tale for ethics and compliance. Here's where KT Corporation ignored red flags and...
How Corporate Malfeasance Takes Root, According to Whistleblower and Embezzler Mark Whitacre
In 1992, Mark Whitacre, a divisional president at ADM, began to cooperate with the FBI in their investigation into alleged price-fixing at the company. Before and during this period, he also embezzled millions from his employer. Whitacre provides multiple cautionary...
What Healthcare Providers and Life Sciences Companies Can Expect for Enforcement in 2022
Though the Biden administration's first year kept enforcements light, broad shifts and specific measures taken by regulators are set to affect the health care and life sciences industry through 2022. The following lays out enforcements companies will likely experience over...
DOJ’s Civil Cyber Fraud Initiative Could Find Health Care Companies Exposed on Multiple Fronts
The Biden Administration and DOJ intend to pursue cyber fraud through the False Claims Act (FCA), with an emphasis on whistleblower reporting. The implications could devastating for unsuspecting health care compliance teams and lead to multiple exposures to enforcement.
CCOs Say the Opaque Nature of DOJ Incentives Makes Self-Reporting a Hard Sell
Results of a recent Ethics and Compliance Initiative (ECI) survey indicate that a majority of CCOs can’t be sure whether DOJ follows its own guidance when accounting for self-reporting and other incentivized action in the penalties it hands down. That...
Hogan Lovells FCA Guide: 2021 and the Road Ahead
While the transition to the Biden administration has ushered in many changes, including new policies and initiatives at the U.S. Department of Justice, one thing that remains constant is the DOJ’s reliance on the False Claims Act as a key...
