Fraud

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...

There are a number of factors impacting employee satisfaction – among them the recession and organizations’ increased reliance on remote work. ERP Maestro’s Jody Paterson discusses how employee engagement and fraud are related. The frequency of insider incidents – namely...

Once, Blue Bell Ice Cream was the pride of Texas. But a 2015 listeriosis outbreak in "the little creamery in Brenham" revealed board-level contamination of a different sort. Unethical practices were uncovered, criminal charges were brought and the failures of...

Fraud levels increase in times of economic distress, and the global pandemic is creating a once-in-a-lifetime opportunity for financially rewarding mischief. H5’s Sheila Mackay discusses what companies can do to quickly identify and prevent fraud. The Brewing Storm As companies...

The COVID-19 pandemic has triggered rapid changes to business processes, not least of which has been the widespread migration of employees to remote working arrangements. Kral Ussery partner Michael Ussery explores what impacts these business processes changes might have on...

The banking sector is facing a dire situation with respect to rising fraud and money laundering amid the coronavirus pandemic. Sujata Dasgupta explores how COVID-19 is impacting fincrime compliance (FCC) and shares strategies financial institutions can employ to protect their...

Hard times bring out the best and the worst in people. It’s the worst the Department of Justice is concerned with. Michael Volkov discusses what the DOJ is doing to focus on fraudsters preying on public panic in response to...

The DOJ recently released its annual report on False Claims Act enforcement, and FCA enforcement shows no signs of slowing. Bass, Berry & Sims’ Taylor Chenery, Lauren Gaffney and Anna Grizzle discuss what the report reveals. 2020 marks the 150th...