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Fraud
Thursday, February 23, 2017   (0 Comments - view/add)
Stronger focus on board oversight, individual accountability in DOJ fraud section corporate guidance »
By Brian Monroe bmonroe@acfcs.org February 23, 2017 Companies trying to prove to federal pro...
Thursday, January 12, 2017   (0 Comments - view/add)
Under pressure from US Congress, Finra to prioritize fraud by ‘recidivist’ brokers »
By Brian Monroe bmonroe@acfcs.org January 12, 2017 The chief self-regulatory body of t...
Wednesday, August 24, 2016   (0 Comments - view/add)
Not if but when: Why community banks and credit unions should invest in fraud protection »
  A common refrain from community banks and credit unions is that since they are not experiencing a fraud attack...
Thursday, July 28, 2016   (0 Comments - view/add)
Affiliate whitepaper: The thief on your payroll – Detecting and preventing internal fraud losses »
  A whitepaper by ACFCS Affiliate Member FIS Global  The company, based in Jacksonville, FL., is...
Thursday, July 21, 2016   (0 Comments - view/add)
Report roundup: Academic tackles de-risking, card fraud surges in Mexico, and more »
  By Brian Monroe bmonroe@acfcs.org July 21, 2016 At ACFCS, we know you are busy – ok, make that r...
Thursday, March 24, 2016
Aging population, opportunistic relatives leading to surge in financial crimes against elderly »
An aging population, desperate relatives still downtrodden by the economic downturn and fraudsters more readily realizing...
Thursday, March 17, 2016
Experts talk risks of tax refund fraud, a $21 billion criminal business »
Podcast presented by IBM, Diamond Sponsor of the 2016 Financial Crime Conference The IRS believes that tax-refund...
Thursday, January 28, 2016   (0 Comments - view/add)
Why Financial Detection and Prevention Matters »
Improvements in financial crime compliance systems, tools and training are helping institutions thwart $11 billion of the...
Thursday, January 28, 2016
Why Financial Detection and Prevention Matters: Bank syste »
Improvements in financial crime compliance systems, tools and training are helping institutions thwart $11 billion of the...
Thursday, October 15, 2015
FinCEN’s 2015 SAR Stats reveal trends tied to prepaid and email fraud »
US financial institutions are sending more filings on potential suspicious activity around fraud involving prepaid cards,...
Thursday, May 28, 2015
Insider threats: the top ways to detect and prevent when employees go rogue »
Financial institutions are spending more than ever creating physical and virtual barriers to prevent criminals, fraudsters...
Thursday, May 14, 2015
Flash Crash trader case raises doubts on regulation and resilience of securities industry »
For the last five years, in a suburban home near London’s Heathrow airport, a 36-year old British futures trader, Navinder...
Thursday, April 16, 2015
Older Americans: Unsuspecting accomplices to money laundering, fraud and other financial crime »
Every day, millions of dollars are swindled from U.S. citizens though advance-fee mass-marketing fraud, and the numbers on...
Thursday, February 26, 2015
Organized Crime Groups Turning to Car Insurance Fraud »
When criminals do a smash-and-grab-style robbery, they typically break in quickly, steal what they can, and get out before...
Thursday, October 16, 2014   (0 Comments - view/add)
Timeline of trouble: In the last quarter, Banamex fraud scandals haunt Citigroup »
Banamex, the Mexico unit of Citigroup, has had its share of troubles in 2014. Allegations of fraud, stock market drops, th...
Thursday, August 28, 2014
HSBC faces $250 million suit over alleged ‘blind eye’ to fraud »
This week’s Crime Wave covers an exposé on a money laundering scheme dubbed “the Laundromat” that moved $20 billion in ill...
Wednesday, July 9, 2014
Convenience drives cybersecurity risks, says Karen Lissy, financial cyber-crime expert »
Demands for greater convenience have driven widespread technological change, and the financial services sector is no excep...
Thursday, May 22, 2014   (0 Comments - view/add)
Suspected fraud and corruption block Brazil’s World Cup goals »
When Brazil won the bid to host the world’s largest soccer event, the FIFA World Cup, in 2007, Brazilian officials propose...
Wednesday, May 14, 2014
Mobile payments could reduce risk of fraud and financial crime, says CEO of M-payment system »
As mobile devices proliferate globally, will cash and cards be a thing of the past? Mobile payments have emerged as a tour...
Wednesday, March 26, 2014
US DOJ mortgage fraud crackdown produced inflated data, poor results, OIG says »
In the wake of the 2008 financial crisis, the US Department of Justice found itself facing an array of fraudulent mortgage...
Wednesday, March 19, 2014
After Dewey firm’s collapse, lawyers and execs face criminal and SEC charges »
“Too many criminal lawyers become lawyer criminals.” Decades ago, Senator Estes Kefauver said these words alluding to t...
Wednesday, March 12, 2014
Widespread investigations of currency exchange rigging may portend largest fraud ever »
It may be the largest financial crime case in history in terms of the number of people and entities victimized, the amount...
Tuesday, October 22, 2013
New York Attorney General using 90-year-old Martin Act to halt high tech capital market manipulation »
Companies that provide early access to potentially market-moving data – and traders who act on unfairly accessed informati...
Tuesday, October 15, 2013
Regulators’ perfect storm: HIPAA audits and more medical fraud »
The new, more stringent regulatory environments designed to aggressively address medicalfraud and the management of Protec...
Tuesday, October 15, 2013
Lawyer who set ‘aiding and abetting fraud’ legal precedent against bank shares legal blueprint »
South Florida has long been an incubator of big-time, innovative financial criminals of diverse stripes –  money laun...
Friday, August 9, 2013
Effective Fraud Management: Moving Beyond Current Operating Models »
Protecting a bank’s customers – from small depositors to high-profile clients – requires multilayered prevention and detec...
Friday, August 9, 2013
A United Front: Making the Case for Integrating Fraud and Anti-Money Laundering Processes »
The US Federal Bureau of Investigation estimates that corporate account takeovers cost US companies as much as $1 billion...
Tuesday, August 6, 2013
Conviction of ‘Fabulous Fab’ shows rising value of email in financial crime cases »
After a trial in which his emails presented in evidence undermined his credibility, proved his crime and dismantled his de...
Tuesday, July 16, 2013
The US Securities and Exchange Commission Whistleblower Program: A Q&A primer on how it works »
The United States Securities and Exchange Commission’s Office of the Whistleblower raised eyebrows in the financial sector...
Tuesday, July 2, 2013
CFTC continues trend of holding financial institutions responsible for customers’ financial crimes »
It is axiomatic in the financial crime DNA that a financial institution is an indispensable component. Regulatory agencies...
Tuesday, April 23, 2013
In approving SEC settlement, judge joins growing chorus dubious of ‘neither admit nor deny’ deal »
In a ruling laced with tough questions about a key US government enforcement tool in financial crime cases, a federal judg...
Tuesday, March 26, 2013
Illinois receives dubious honor of being second state ever sued for fraud by SEC »
Earlier this month, Illinois became the second state ever to be the target of a cease and desist order from the US Securit...
Tuesday, March 12, 2013
Revived in Cold War, False Claims Act hones in on health care, mortgage fraud »
ACFCS is commemorating the 150th Anniversary of the False Claims Act with a series of articles analyzing the law’s turbule...
Tuesday, March 5, 2013
Born in Civil War scandals, ‘Lincoln Law’ reaches 150 years as potent US fraud weapon »
President Abraham Licoln, “Honest Abe” (Right) and Michigan Repbulican Senator Jacob Howard, “Honest Jake” (Left) A...
Tuesday, February 12, 2013
Emails in fraud case show Morgan Stanley execs mocking value of securities before sale »
Financial services giant Morgan Stanley may be facing charges it perpetrated a massive fraud in the sale of mortgage-backe...

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