Fraud

Historic level of enforcement action during national health emergency continues March 26, 2021 – The Department of Justice announced an update today on criminal and civil enforcement efforts to combat COVID-19 related fraud, including schemes targeting the Paycheck Protection Program...

One of the top corporate scandals over the past few years entered its next phase with the settlement by the DOJ with Boeing around its fraud in the certification of its 737 MAX aircraft. Tom Fox offers background (including the...

Behavox CEO Erkin Adylov discusses the serious reputational and monetary consequences financial firms face as a result of today’s remote working environment. The threat of employee misconduct has pushed corporate risk to new heights. Cast your minds back to the...

The majority of fraud examiners expect to see a significant uptick in fraud over the coming year, which means fraud interviews will be on the rise as well. In recognition of International Fraud Awareness Week, The Bonadio Group’s Tim Ball...

Obvious conflicts of interest and a pattern of corrupt bidding practices led to penalties announced today by the Royal Court of Justice. Sofia El Mansouri, reporting for CCI, outlines the issues and offers takeaways for today's compliance professionals. The U.K....

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...