Fraud

In the context of the pandemic and its associated challenges, the assurance functions have become more than a little challenging. Experts in investigations, data science, and applied AI provide a practical approach to support day-to-day compliance. Each crisis brings profound...

Baker Donelson’s Ivan Boatner and Robert Hauberg discuss how the current workplace realities (remote workers, social distancing, limited travel, new technologies, etc.) have affected internal investigations. Earlier this summer, the Department of Justice (DOJ) updated its “Evaluation of Corporate Compliance Programs”...

In the last six months, practically everything has gone digital, creating a mountain of new digital data for fraudsters to mine. Sujata Dasgupta discusses the rise in dynamic-biometrics-based identity verification, the next step in fraud prevention for the financial services...

Should governments be doing more to safeguard public funds against fraud and criminal activity? Governments globally have had to act quickly in order to mitigate the impact of COVID-19 on businesses. In a rush to distribute funding, many governments did...

Organizations that have received stimulus funding may be at significant risk for fraud, waste and abuse related to that funding. Deloitte’s Don Fancher offers guidance on how to combat that activity. As most compliance, finance and risk professionals know, economic...

Organizational spend has looked quite different since the pandemic. This report offers findings from Oversight's analysis of Q2 data, which show that spend is down, but risk has soared. Highlights include: Where spend risk has been introduced Factors contributing to...

Attorneys from Reed Smith discuss the uptick in insurance coverage for False Claims Act litigation and the impact of a recent Fourth Circuit decision – plus provide practical advice for how to maximize insurance recovery in the event of an...

In a decision from June, the Second Circuit expanded the reach of U.S. federal criminal law to potentially cover any foreign employer/employee relationship corrupted by bribe payments via the U.S. financial system. Munger, Tolles & Olson’s Jonathan Kravis details the...

Governments worldwide are beginning to crack down on abuse of programs meant to protect businesses amid the COVID crisis. Forensic Risk Alliance’s Toby Duthie, Matt Bedan and William Mui offer five practical tips to aid organizations in managing this growing...

Allegations of financial misconduct dogged German payment processing giant Wirecard AG since its inception; why did it take so long to uncover the fraud? Michael Toebe muses here about the perils of ego and unchecked greed. Wirecard's gross financial misconduct...

The answer to being more effective at stopping money launderers is to challenge the value of processes that are clearly failing. Financial crime expert Martin Woods explains. Earlier this year, David Lewis, the Executive Secretary of the Financial Action Task...

Much of the fraud reported on of late has been perpetrated by third parties, but financial crime officer Casey Pozarowszczyk explains the real – and rising – risk of first-party fraud during the pandemic and while employees continue to work...