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.
The Dangers of Letting Bribery Go Undetected
The cost of FCPA violations can really pile up, from penalties levied by enforcement agencies to reputational damage when wrongdoing is made public to prison time for perpetrators. Companies must remain vigilant to recognize the signs of bribery. Guilty parties...
Take a Lesson from Theranos: Plan Ahead
Reputational harm can do as much damage to a company's bottom line as nearly any other crisis. A proactive plan is essential to protect the organization should it come under fire. Silicon Valley based Theranos has found this out the...
The Psychology of Cheating and FCPA Compliance
There are basically three varieties of corporate scandal. Volkswagen may have the dubious distinction of having pioneered a fourth, however. VW's emissions-testing scandal is result of its top leadership and senior engineers intentionally deceiving the public. This was no slow...
Richard Bistrong’s From Behind the Bribe: The Sharp End of Compliance
A short film on Richard Bistrong's journey through the dark side of international business, “getting caught” and what that might mean for today’s compliance challenges.
Employee Fraud Collusion Puts Companies at High Risk
Half the battle in combating fraud is detecting it early on, and -- as with many white collar crimes -- fraud is rarely carried out by one wayward staff member acting alone. A huge percentage of cases, in fact, are...
Anti-Corruption Developments in Azerbaijan: A Look at SOCAR
Construction is now underway on Azerbaijan's Southern Gas Corridor, and one of the primary entities behind the development has been under the microscope for alleged corruption and bribery in its dealings in the oil and gas industry in the region....
From the Arab Spring to Occupy, Corruption 2.0 Rallies the Masses
Political and corporate corruption has long galvanized the general public, but over the past several years, some of the ire that was once focused on organized institutions has begun to be directed at individuals. This is what Alison Taylor refers...
Data Analysis for Fraud Detection
In recent years, the number of people and businesses falling victim to fraud has increased at an alarming rate. As technology continues to improve, fraudsters are finding new and creative methods to continue their work.
Corporate Wrongdoing and Deterrence
How effective is corporate punishment when it comes to deterring illegal behavior? That's the question. The U.S. Sentencing Commission may soon be taking a harder line against corporations involved in cartel activity, though some experts question whether individual punishments would...
Combating P-Card Fraud
According to the Association of Certified Fraud Examiners, fraudulent use of purchase cards, or p-cards, is one of the most commonly occurring types of employee fraud, and a 2013 survey reveals that risk related to internal fraud and abuse is...
Internal Fraud Investigations: The Risk and Reward of Third Party Involvement
Depending on a company’s ultimate objectives, having the correct balance within the control structure is the key to a successful internal fraud investigation.
Internal Control Checklist: 5 Anti-Fraud Strategies to Deter, Prevent and Detect Fraud
Erick O. Bell, a Senior Manager at Deloitte Financial Advisory Services LLP, presents a detailed internal control checklist that outlines 5 anti-fraud strategies companies can use to deter, prevent, and detect fraud.
