Fraud

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 –...

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...

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...

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...

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. Brian Alster discusses the approach compliance leaders should take to protect the organization. Compliance...

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...

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...

4 Common Ways Companies Miss the Mark Organizations of all sizes and industries continue to assume the risk of reputational damage, following the suspicion or revelation of fraud. The signals of fraud risks can be faint, but effectively sensing and...

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....

Revolutionizing the Fight Against Financial Crime Artificial intelligence (AI) has the ability to completely transform how banks perform anti-money laundering (AML) and know-your-customer (KYC) compliance. Additionally, for the purposes of anti-money laundering, artificial intelligence systems can mine huge volumes of data...

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...

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...