Fraud: Scary crime stats; Global economies; Don’t care; McKinsey way
by Jack Large
Terrifying cyber crime statistics; Destabilizing economies; Employees don’t care; Holistic approach needed at all levels
Anti-Money Laundering
Background
The Money Laundering Control Act of 1986 is a United States of America Act of Congress that made money laundering a Federal crime. This legislation combined with other legislation such as the European…
Read moreCyber attackers could target world’s financial markets - report
by Jack Large
SWIFT & BAE Systems cyber threats report shows risky future for securities markets and trade finance
Fraud best practice: multi-faceted 24/7 vigilance is only answer
by Jack Large
Latest solutions: Adopt strategic approach; Imposter fraud prevention; Treasurer’s role in cybercrime prevention; Cutting out ’sleeping
EU adopts tougher stance on money laundering
by Bija Knowles
As the dust settles on the Danske Bank scandal, the EU has announced measures to strengthen its financial rules on money laundering
Bank failures show need for EU AML authority
by Bija Knowles
Following several high profile money laundering cases, the EU still needs better regulation and improved supervision on AML legislation
How to detect and prevent fraud ….. Sometimes
by Jack Large
Latest reports from - Ravelin, TIS, and Kount - and their good ideas plus vital fraud prevention checklists
Financial crime: vital to screen all suppliers regularly
by Jack Large
Thomson Reuters 2018 Survey Report - Reveals the true cost of financial crime: 3.1% of annual turnover and much more in many other ways
ACT Conference highlights: Brexit Britain to 21st Century Treasury
by Bija Knowles
Today the UK's Association of Corporate Treasurers (ACT) kicks off its two-day annual conference in Liverpool's King's Dock
New EU rules on money laundering and terrorist financing
by Bija Knowles
The Council of the EU has today adopted a directive strengthening EU rules to prevent money laundering and terrorist financing
Financial penalties don’t stop corruption in business – EY
by Bija Knowles
Despite more than US$11 billion of financial penalties issued since 2012, 38 per cent of global executives still believe bribery and corrupt practices remain prevalent in business
Should behavioural biometrics be used in corporate treasury department?
by Jack Large
Behavioural biometrics is now effective, proven, and long lasting
Don’t trust anyone - check them out, particularly your vendors
by Jack Large
7 questions from ProcessUnity you need to ask whether your Vendor Risk Management systems and processess are good enough
PwC survey shows your biggest dangers are from your own staff and your frenemies
by Jack Large
Reported global economic crime hits record levels
Why complying with new beneficial ownership requirements will require specialized analysis
by Jeremy Gram , Senior Associate, Prescient
Prescient show that simple database checks in due diligence programmes are often not enough to unravel who really owns a company
‘Fraud Analytics: - complete self-assessment guide’ shows how to tackle fraud
by Kylene Casanova
Book by Gerard Blokdijk provides a Fraud Analytics roadmap on how to understand and move forward in the right direction, based on verifiable data
Know and understand yourself, or fail in fraud control
by Kylene Casanova
Self assessment in fraud control is essential in war against all kinds of fraud - cyber fraud, occupational fraud, corruption and bribery, etc.
All-time high incidence of fraud, cyber incidents, and security breaches
by Kylene Casanova
Kroll’s 10th Annual Global Fraud & Risk Report 2017/18 shows that there are major repercussions from current levels fraud-related losses; confidential information is increasingly under threat
Cybersecurity is all about trust, but who do you trust?
by Kylene Casanova
Remove TRUST GAPS between board & company & business units & IT cybersecurity & external vendors/suppliers & government AND with technology providers
10 corporate priorities for 2018: cyberattack is #1
by Bija Knowles
Cyberattack is the greatest threat to markets in 2018 but company directors should also be focusing on corporate social responsibility, boardroom diversity and shareholder activism
Essential guidelines in the fight against corporate corruption
by Bija Knowles
The International Chamber of Commerce has launched a tool to provide guidance for companies on corporate responsibility, due diligence and how to tackle corruption
New and important ideas for preventing cyberfraud
by Jack Large
A button to report suspicious e-mails, use hackers to expose your vulnerabilities, real-time monitoring, biometric authentication + prevention methodologies
“Large-scale quantum computing could render current cybersecurity systems futile”
by Jack Large
Quantum computing is requiring an overhaul of our cryptographic tools, claims ISARA, nevertheless discipline to avoid self-inflicted fraud still needed
The problems with KYC: too long, inconsistent, security, no standard
by Bija Knowles
Research highlights several problems with the KYC process globally, including excessive contact from financial institutions, inconsistent requests and security concerns
AML & TF: Cash, retail banking & money transfers remain favourite instruments
by Jack Large
UK Government National Risk Assessment 2017 concludes that e-money - medium impact and digital currencies - low impact. Overal UK is making good progress