Counter-fraud

While the fraudsters came from different backgrounds, displayed varied red flags and were discovered in a multitude of ways, one very clear fact emerged: owners or executives that committed fraud caused the greatest monetary damage.

https://acfeinsights.squarespace.com/acfe-insights/2018/4/18/acfe-publishes-10th-edition-of-the-report-to-the-nations

In September 2015, IFED received a number of fraudulent motor insurance claims collected from multiple insurers by the IFB, and some referrals directly from insurers.

https://www.insuranceage.co.uk/insurer/3356056/ghost-broker-jailed-for-3-years-and-8-months

Blockchain is often described as a problem in search of a solution, but eGaming on the Isle of Man has provided a surprisingly obvious application for the technology.

In-house fraud prevention teams and fraud solution vendors should step forward now and take the lead in an area which is so critical to them

‘Take Five North Yorkshire’ is a six month awareness campaign and is designed to help the public to recognise fraudulent activity and confidently challenge any requests for personal or financial details.

https://www.yorkshirecoastradio.com/news/local-news/2547290/north-yorkshire-police-launch-campaign-against-fraud/

By automating document analysis, AI technology allows the SFO to investigate more quickly, reduce costs and achieve a lower error rate than through the work of human lawyers, alone.

https://www.sfo.gov.uk/2018/04/10/ai-powered-robo-lawyer-helps-step-up-the-sfos-fight-against-economic-crime/

Is digitisation the best defence against fraud in accounts payable?

https://www.accountancyage.com/2018/04/05/can-accounts-payable-departments-protect-fraud/

NatWest claims to have saved its corporate clients over £7 million through the use of a purpose-built system to detect and prevent invoice redirection fraud - where businesses are duped into paying money into a fraudster’s account rather than to their intended supplier.

https://www.finextra.com/newsarticle/31899/natwest-and-vocalink-use-machine-learning-to-tackle-invoice-redirection-fraud

Part 2: Why Good People Do Bad Things

https://www.linkedin.com/pulse/investigators-guide-ethics-part-2-why-good-people-do-hood-cfe-mba/

Are fraud reporting hotlines worth it? Yes, according to the ACFE’s Report to the Nations, a biennial global study on occupational fraud.

http://acfeinsights.squarespace.com/acfe-insights/2018/3/23/5-ways-to-build-trust-in-a-hotline-reporting-program