Category: Fraud

Keeping Your Whistleblower Hotline Alive

Posted by Ron Kral - November 16, 2018

Ideas to Maximize Hotline Effectiveness It could be a good sign if the phones aren’t ringing at your organization’s hotline – or it could be indicative of a failing ethics and compliance program. Ron Kral discusses how to maintain a successful hotline program. Is your whistleblower hotline alive or dying…

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Private Equity in DOJ’s Line of Fire

Posted by Lorinda Holloway - November 14, 2018

Liability Under the False Claims Act The government can be slow, but it catches up. The DOJ and whistleblowers have recently targeted private equity firms and individuals in False Claims Act cases based on officer and director roles and/or involvement in management. Because the foundations of health care compliance and…

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Old AML Systems Hinder The Fight Against Financial Crime

Posted by Imam Hoque - October 26, 2018

Steps Companies Can Take to Improve Compliance and Reduce Risk Every year, billions of laundered dollars are moving through financial institutions without detection. Current detection systems aren’t keeping pace with criminals’ ability to outmaneuver them. Financial crime is a complex issue for financial institutions to tackle but AI is offering…

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Employee Fraud Investigation Costs Non-Recoverable Under MVRA

Posted by Frank Schall - September 10, 2018

Supreme Court Decision Restricts Recompense A recent Supreme Court ruling – in which the Mandatory Victims Restitution Act of 1996 was central – should put corporate victims of fraud on alert. Moore & Van Allen Partner Frank Schall discusses the decision and how it will impact those who fall prey…

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Automation and Analytics Creating Value for Fraud Management

Posted by Ajay Katara - August 15, 2018

The New Solutions for Financial Crimes Compliance Management (FCCM) The methods for perpetrating fraud are continually evolving, so an effective approach for fighting fraud must change with the times. Ajay Katara discusses further why banks must adopt newer technologies to prevent and detect financial crimes. With the dawn of the…

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8 Ideas to Reduce False Positives in Fraud Investigations

Posted by Satish Lalchand - August 9, 2018

Steps to Improve Forensic Analytics Thanks to advances in forensic analytics, we can spot emerging risks long before they come to fruition. But predictions frequently lead to false positives. Satish Lalchand discusses how to prevent them in this third installment of a series on the future of forensics, following articles…

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The Shoe Drops on Theranos’ Former CEO and COO

Posted by Michael Volkov - June 20, 2018

Criminal Indictment Filed Charging Fraud The fallout continues for Elizabeth Holmes and Sunny Balwani, respectively the CEO and COO of Theranos. The pair were charged with fraud by the SEC and were indicted last week on wire fraud and conspiracy charges. Michael Volkov reviews the cautionary tale of Theranos, outlining…

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How Mature Is Your Organization’s Approach to Forensic Investigations?

Posted by Satish Lalchand - June 12, 2018

Leading organizations are increasingly integrating human and machine intelligence for forensic investigations.  By combining technological analysis—including artificial intelligence (AI), machine learning and statistical concepts of cognitive analytics—with deep investigator understanding of fraudster motives and methods, many are identifying, investigating and thwarting fraud schemes more effectively and efficiently than ever before. …

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5 Factors to Consider Before Exploring AI in Fraud Prediction

Posted by Sundar Narayanan - May 18, 2018

Artificial Intelligence Takes On Transactional Fraud In the field of fraud prediction, with transactional fraud raising every day; investors, board, management and business heads are keen to look at possibilities of detecting fraudulent transactions before they pass through the system. Machine learning algorithms bring efficiency in identifying potentially fraudulent transactions.…

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How U.S. Cities Fight Money Laundering

Posted by Jay Ryan - May 2, 2018

Money Laundering Enters Real Estate In this article, Jay Ryan, Executive Vice President at Accuity discusses measures U.S. cities are taking to combat money laundering and how the scheme has evolved and became a successful tool for identifying real estate money-laundering risks, focusing on Geographic Targeting Orders and assessing its performance since its introduction…

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Best Practices to Reduce the Risk of Employee Fraud

Posted by Eric Czerwonka - March 21, 2018

5 Steps to Prevent Loss Employee theft costs U.S. businesses an estimated $50 billion a year. For companies today, safeguarding against employee fraud should be a top priority. In this article we’ll explore a few ways that businesses can take steps to help protect themselves from fraud. Looking to keep…

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7 Tips to Evaluate In-House Investigations

Posted by Sundar Narayanan - February 21, 2018

How Effective and Efficient is Your Process? In-house investigation teams are expected to be agile to be able to help organizations in addressing cases that come from whistleblowing channels and sustaining the ethical standards of the organization. By supporting your investigation teams with measures to assess effectiveness and efficiency you…

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