Counter-fraud

Internal investigations are important in preventing and identifying workplace crime

https://www.financialdirector.co.uk/2018/06/20/under-the-looking-glass/

It has been saluted as a major development in the battle against fraud in financial services.

http://www.mondaq.com/uk/x/711734/White+Collar+Crime+Fraud/Blockchain+And+Fraud+Prevention

A website to help boost intermediaries’ fraud prevention knowledge has been launched by TMA Club.

https://www.mortgagefinancegazette.com/market-news/fraud/tma-club-offers-new-online-anti-fraud-resource-11-06-2018/

Individuals who are engaged in occupational fraud schemes often exhibit certain behavioural traits or warning signs associated with their illegal activity

http://acfeinsights.squarespace.com/acfe-insights/6-common-red-flags-fraud

Whilst the UK government is exploring ways in which to tackle the situation, questions are being posed around whether fraud of this kind is being adequately assessed.

https://www.itproportal.com/features/could-data-lakes-hold-the-key-to-tackling-insurance-fraud/

The UK’s first 100% mobile current account provider Monese have officially become a member of CIFAS – the UK’S largest cross-sector fraud sharing organisation.

https://www.finextra.com/pressarticle/74257/monese-becomes-a-member-of-fraud-intelligence-agency-cifas/retail

Pay360 by Capita launches Optimize, a state-of-the-art fraud and risk management solution to help financial services, retail and gaming organisations combat fraud, streamline customer authentication decisions and support revenue growth.

https://www.finextra.com/pressarticle/74107/capita-bids-to-optimize-fraud-management-with-pay360/retail

Toll fraud is a huge threat to businesses in the UK. In this podcast round table we hear from industry experts about the state of fraud in the UK and the best ways for customers to tackle this.

https://www.uctoday.com/podcasts/out-loud-with-tollring-tackling-toll-fraud-together/

If nothing else this shows, internal investigations are complex, timely and if not managed correctly could cost the organisation dearly from a material and reputation perspective.

https://www.linkedin.com/pulse/internal-investigations-things-remember-michael-fitzgerald-cfe-ma/?published=t

A Queen’s University Belfast student has developed software which can detect insurance fraud quickly.

https://www.hpcwire.com/off-the-wire/algorithm-created-by-phd-student-is-game-changer-for-picking-up-on-insurance-fraud/