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.
UBO Transparency, Capital Markets and Tighter AML Controls
Firms can’t afford to become complacent when it comes to AML compliance. encompass corporation’s Henry Balani comments on findings form the Financial Conduct Authority’s (FCA) annual AML report. The Financial Conduct Authority’s (FCA) Anti-Money Laundering (AML) Annual Report 2018/19 makes...
Read more
How Customers are Moving to the Frontline in FinCrime Compliance
Financial crimes compliance has historically been solely the realm of banks and financial institutions. Sujata Dasgupta discusses how and why customers are taking a larger role in ensuring their own compliance. Financial crimes compliance (FCC) in banks has traditionally been...
Read more
Somewhere Over Theranos – There’s No Place Like Holmes
Illusion or reality? Stakeholders and executives can only tell if they follow the yellow brick road of due diligence and encourage rainbow diversity throughout their organization, including the board. Join Sandy Erez in pulling back the curtain on the Theranos debacle –...
Read more
The Road Ahead: The Justice Department’s Path to a Balanced White-Collar Enforcement Policy
Over the last five years, the Justice Department has struggled to establish a firm set of rules and expectations surrounding corporate criminal liability. Competing factors have made the process murky, as Volkov notes here. But the stakes are high. Today's...
Read more
Securities Litigation Goes Global, and Non.-U.S. Public Companies Are Increasingly at Risk
Despite being headquartered outside the U.S. or having a minimal connection with the U.S., non-U.S. issuers are increasingly becoming targets in securities class actions filed in the U.S. Dechert LLP’s David Kistenbroker, Joni Jacobsen and Angela Liu explain. with co-author...
Read more
Top 10 “Interesting Expense Awards” from 2018
Most of us have taken a business trip at least once, and many do it far more than they want. One thing all business trips have in common is travel and expense reports. But what should (and shouldn’t) we be...
Read more
Fraud a Top Concern for Compliance Leaders
According to a report by Dun & Bradstreet, compliance and procurement professionals indicate that fraud tops the list of challenges, and technological advances exacerbate the problem. Brian Alster discusses the approach compliance leaders should take to protect the organization. Compliance...
Read more
Advanced Analytics for Anti-Fraud and AML Systems
Detecting potentially fraudulent customers and transactions and projecting compelling visual insights have traditionally been a rule-based model plus BI game zone. In this era of high-velocity and voluminous data, we have gradually adopted machine learning and advanced analytics in this...
Read more
The Walgreens Whistleblower
Walgreens reached a settlement on Tuesday, concluding a six-year investigation into the company’s pharmacy and drug-pricing practices, initiated by a whistleblower and former pharmacy manager. CCI reports on the specifics of the case and the historic settlement. The attorney representing...
Read more
Monitoring Patterns of Behavior to Fight Fraud and Mitigate Risk
4 Common Ways Companies Miss the Mark Organizations of all sizes and industries continue to assume the risk of reputational damage, following the suspicion or revelation of fraud. The signals of fraud risks can be faint, but effectively sensing and...
Read more
The Growing Problem of Corporate Fraud
And Striking the Right Balance to Fight It The reality is that the vast majority of corporations have a fraud problem to some degree. It’s a growing problem – one indicator pointing to a rise in overall economic crime globally....
Read more
2019: Will Money Launderers Meet Their Match?
The Outlook for AML in the Year Ahead 2018 proved to be a challenging year in the fight against money laundering. Criminals continued to come up with schemes to hide and cash out on their dirty money. With new legislation...
Read moreUpdated Daily
