stamps spelling fraud on an invoice

The Growing Problem of Corporate Fraud

Posted by - December 20, 2018
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. Michael Volkov outlines various methods to detect and prevent fraud…
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electronic money counter with 100 dollar bills

2019: Will Money Launderers Meet Their Match?

Posted by - December 19, 2018
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 and technology to help uncover these schemes, will money launderers…
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NYSE trading floor in new york

Financial Crime: More Than a Language of Its Own

Posted by - November 30, 2018
Taking a Robust Approach to Stamp Out Trader Fraud The globalization of financial institutions has come with an increasingly fragmented communications landscape. Traders in Hong Kong, for instance, communicate very differently from those in New York, using different mediums and jargon. This means there is a growing number of options…
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red landline phone hanging on dark background

Keeping Your Whistleblower Hotline Alive

Posted by - 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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lying businessman holding cash

Private Equity in DOJ’s Line of Fire

Posted by - 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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padlock on credit card

Old AML Systems Hinder The Fight Against Financial Crime

Posted by - 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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illustration: man in suit walking into large spider web

Employee Fraud Investigation Costs Non-Recoverable Under MVRA

Posted by - 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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spoofed bank URL with bank robber behind laptop

Automation and Analytics Creating Value for Fraud Management

Posted by - 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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yellow crime scene tape across laptop keyboard

8 Ideas to Reduce False Positives in Fraud Investigations

Posted by - 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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elizabeth holmes of theranos

The Shoe Drops on Theranos’ Former CEO and COO

Posted by - 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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Artifical intelligence: robot hand and human hand

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

Posted by - 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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