News & Press
Filter news by category:

Read about recent events, essential information and the latest community news.

Displaying page 2 of 2
1  |  2

Fraud
Tuesday, January 15, 2013
A timeline of the Libor scandal »
The international conspiracy to fix the Libor rate is arguably the largest financial crime of the past decade. Set by a pa...
Wednesday, January 2, 2013
As auditors of Chinese companies under fraud inquiry, CPA firms are on SEC hot seat to reveal workpa »
(This ACFCS.org story is adapted from an article in the February 2013   International Enforcement Law Reporter ,...
Thursday, November 15, 2012
Confronting Consumer Fraud in Banking »
Rapid technological and social changes combined with evolving consumer demands are creating numerous new opportunities for...
Tuesday, November 6, 2012
US seeks to extend False Claims Act reach in $1 billion lawsuit against Bank of America »
Since 2010, federal prosecutors in Manhattan have waged war against what they term “reckless lending.” They have brought c...
Tuesday, October 2, 2012
Judge rebuffs TD Bank post-trial motions, as seminal ‘aiding and abetting’ case moves to Atlanta »
Post-trial motions in a civil case are normally resolved within weeks of the end of a trial. But as with most things about...
Tuesday, September 25, 2012
While still paying big losses to US customer’s fraud victims, TD Bank faces same tune in Canada from »
After Allen Stanford’s $7.2 billion fraud scheme imploded in 2009, court-appointed attorneys charged with liquidating his...
Tuesday, September 18, 2012
US judge opens crack in SEC immunity to fraud victim lawsuits »
The US Securities and Exchange Commission is learning the hard way that the 7,000 victims of Allen Stanford’s $7.2 billion...
Thursday, September 6, 2012
TD Bank will pay another Rothstein victim a likely big sum, while giving training fodder to others »
The legal and reputational pummeling that TD Bank has been taking for what was found by a federal court to be knowing comp...
Thursday, July 12, 2012
The Anatomy of Financial Crime Through the Lens of IT Systems »
Presented by: Marie Kerr, President, Shamrock Consulting Services Virtually all things in this world are controlled b...
Tuesday, July 10, 2012
SEC rebuffed by federal judge in attempt to have SIPC pay Stanford victims »
World-class fraudster Allen Stanford may have suffered a 110-year federal prison sentence for his legendary fraud, but muc...
Monday, July 2, 2012
Fighting charges its state president misled court, TD Bank says new, revealing e-mails show nothing »
The trial may be over but the legal war continues unabated between TD Bank and Coquina Investments. The Texas firm that re...
Monday, June 18, 2012
New e-mails indicate TD Bank head knew colleague helped fraudster lull victims »
Emails suggesting the regional president of TD Bank knew that a bank executive had signed letters on the bank’s letterhead...
Monday, May 21, 2012
Judge grills TD Bank, Greenberg Traurig for tampered and missing evidence as sanctions threat looms »
Last week, US district Judge Marcia G. Cooke was treated to a modern-day David and Goliath face-off. On one side of her...
Tuesday, May 8, 2012
TD Bank now faces court-approved racketeering charge from another Rothstein fraud victim »
TD Bank is undergoing one of the most difficult times a financial institution has ever endured for the fraud and money lau...
Wednesday, April 25, 2012
TD Bank recants testimony, fires law firm, and US judge eyes punishment in historic AML-fraud case »
The landmark case that produced the first civil verdict against a bank for “aiding and abetting fraud” by means of its col...
Tuesday, April 17, 2012
Guarding Against the ‘Enemy Within’ – Best Practices in Employee Due Diligence at Onboarding »
Financial institutions spend great time and money “onboarding” new customers to see if they pose an intolerable financial...
Monday, April 16, 2012
TD Bank says ‘copying error’ caused altered document in fraud-money laundering case »
The case in which TD Bank has already lost a precedent-setting verdict for “aiding and abetting fraud” arising from collus...
Friday, March 30, 2012
TD Bank, lawyers accused of ‘fraud on court’ for presenting false ‘Customer Due Diligence Form’ »
TD Bank, one of the world’s largest financial institutions, is facing another legal action piled on top of its recent lega...
Monday, February 27, 2012
Meeting Madoff: Former SEC Inspector General David Kotz recounts encounter with the megafraudster »
David Kotz, past Inspector General of the US Securities and Exchange Commission gives a first-hand account of his experien...
Tuesday, February 7, 2012
Fraudsters’ criminal empires can be undone by ‘pulling the thread’ of outbound transactions »
Author: David Quinones From corrupt politically exposed persons (PEPs) to the common tax-cheat, financia...
Tuesday, February 7, 2012
Fraudsters’ criminal empires can be undone by ‘pulling the thread’ of outbound transactions »
From corrupt politically exposed persons (PEPs) to the common tax-cheat, financial crime efforts can benefit from the outs...
Wednesday, January 4, 2012
Looking for clues when there are none: Part II – How criminals obscure their identities »
Donald C. Semesky The traditional mindset of investigators when it comes to the use of nominees by the subjects of thei...
Tuesday, January 3, 2012
Looking for clues when there are none: Part I – Obstacles faced by the financial crime investigator »
Lost in all the headlines and stories about the Federal government’s deferred prosecution agreement with Wachovia Bank was...

Displaying page 2 of 2
1  |  2

©2016 Association of Certified Financial Crime Specialists
All Rights Reserved