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.
Future-Proofing FinCrime Compliance Against Disasters
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...
COVID-19: DOJ’s Aggressive Prosecution of Fraud and Pandemic-Related Crimes
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...
Takeaways from the DOJ’s 2019 False Claims Act Report
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...
What Fraud Could Be Lurking in Your Expense Reports?
What happens when employees add a few out-of-policy expenses? If reports are reviewed manually, these items might slip right on through, but an AI solution can help flag them. Anant Kale and Josephine McCann of AppZen highlight some of the...
The Pros Who Are Key to Fighting Corporate Fraud
Management accountants are on the front lines of fraud, and their skill sets make them ideal for fraud detection and prevention. Jeff Thomson, CEO of Institute of Management Accountants, expands on how these professionals can play an integral role in...
Does Increased Compliance Mean More Fraud?
Regulations like GDPR and PSD2 are creating an attack shift for fraudsters and alternative methods for them to create havoc. Forter’s CTO Iftah Gideoni discusses how to fight back against fraud with similarly evolving fraud prevention measures. Today, data is...
UBO Transparency, Capital Markets and Tighter AML Controls
Firms can’t afford to become complacent when it comes to AML compliance. encompass corporation’s Henry Balani comments on findings form the Financial Conduct Authority’s (FCA) annual AML report. The Financial Conduct Authority’s (FCA) Anti-Money Laundering (AML) Annual Report 2018/19 makes...
How Customers are Moving to the Frontline in FinCrime Compliance
Financial crimes compliance has historically been solely the realm of banks and financial institutions. Sujata Dasgupta discusses how and why customers are taking a larger role in ensuring their own compliance. Financial crimes compliance (FCC) in banks has traditionally been...
Somewhere Over Theranos – There’s No Place Like Holmes
Illusion or reality? Stakeholders and executives can only tell if they follow the yellow brick road of due diligence and encourage rainbow diversity throughout their organization, including the board. Join Sandy Erez in pulling back the curtain on the Theranos debacle –...
The Road Ahead: The Justice Department’s Path to a Balanced White-Collar Enforcement Policy
Over the last five years, the Justice Department has struggled to establish a firm set of rules and expectations surrounding corporate criminal liability. Competing factors have made the process murky, as Volkov notes here. But the stakes are high. Today's...
Securities Litigation Goes Global, and Non.-U.S. Public Companies Are Increasingly at Risk
Despite being headquartered outside the U.S. or having a minimal connection with the U.S., non-U.S. issuers are increasingly becoming targets in securities class actions filed in the U.S. Dechert LLP’s David Kistenbroker, Joni Jacobsen and Angela Liu explain. with co-author...
Top 10 “Interesting Expense Awards” from 2018
Most of us have taken a business trip at least once, and many do it far more than they want. One thing all business trips have in common is travel and expense reports. But what should (and shouldn’t) we be...
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