white magnifying glass hovering over fraud in red block letters

Fraud a Top Concern for Compliance Leaders

Posted by - February 14, 2019
Findings from Dun & Bradstreet 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. While technology is an enabler to these industries by creating the potential for improved efficiency and data management, in…
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businesswoman holding projection of financial data

Advanced Analytics for Anti-Fraud and AML Systems

Posted by - February 7, 2019
Top 15 Tools and Techniques 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 space. Sanjukta Dhar of Tata…
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walgreens storefront

The Walgreens Whistleblower

Posted by - January 25, 2019
A Landmark Settlement with Lessons Learned for Compliance Officers 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 the…
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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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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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