Financial Crime

Financial institutions should expect tighter regulation, more fraud & increasing automation in the “New Normal”

The financial services industry has experienced an uptick in business due to the CARES Act and the issuance of Payroll Protection Program (PPP) loans. In…

Bre Hamilton June 04, 2020

Forum magazine: More law firms are buying cyber insurance, but not all

This article originally appeared in the Spring 2020 issue of Forum magazine. Before the global pandemic, cyber-threats were escalating and the next major data breach seemed…

Gregg Wirth June 03, 2020

Global supply chain risks in the middle of a pandemic

The recent COVID-19 crisis has shone an amplified spotlight on global supply chain risk. The modern supply chain already is a complex web of manufacturers,…

Gina Jurva May 29, 2020

Firms’ compliance functions at inflection point, shows 2020 Cost of Compliance Report

Without question, compliance functions for financial services firms around the world have matured in the decade since the financial crisis, with many firms enhancing their…

Susannah Hammond May 14, 2020

Disaster fraud: Government warns COVID-19 is the perfect storm for scammers

Disaster fraud, a deliberate act to defraud individuals or the government after a catastrophe, has become an imminent problem during the COVID-19 crisis, creating a…

Gina Jurva May 07, 2020

As government relaxes healthcare provider requirements due to COVID-19, will fraud risk increase?

The federal government has begun relaxing its healthcare provider requirements in order to provide increased flexibility for healthcare providers and facilities during the COVID-19 public…

Melissa D. Berry May 06, 2020

Will COVID-19 Make Cash Obsolete?

Is the COVID-19 pandemic more quickly moving the world to a cashless society? One where almost all financial transactions are not conducted with physical banknotes…

Gina Jurva April 20, 2020

Making Amends: Auditing Ongoing Suspicious Activity Report Filings for Financial Institutions

In the myriad of Suspicious Activity Report (SAR) requirements, there are perennial findings that reflect the failure to file, delays in filing, and deliberate efforts…

Michael Schidlow April 03, 2020

2020 Government Fraud, Waste & Abuse Report: How Prepared Are We?

How confident are state and local government employees in their ability to combat fraud, waste, and abuse? To find out, Thomson Reuters surveyed 87 professionals…

Tad Simons April 01, 2020

What Financial Institutions Need to Know about the Market Crisis & Ponzi Schemes

Just like May flowers follow April showers, Ponzi schemes implosions often will follow a market crisis. The last example of this phenomenon was the 2008…

Alison Jimenez March 23, 2020

ACAMS: Preventing Terrorist Financing via Art, Antiquities & Oil

Terrorists can finance their operations in any number of ways — drug trafficking, smuggling (oil, pharmaceuticals, antiquities), counterfeiting, fraud, theft, kidnapping, and extortion. They’re also…

Tad Simons March 05, 2020

Managing Cyber-Risks in Service Provider & Vendor Relationships: Building a Sustainable Process

Assessing and managing cyber-risks are difficult, and the challenge only increases when third-party service provider and vendor relationships are involved. Such relationships often require organizations…

Legal Executive Institute March 02, 2020