Tax fraud is a problem that affects every country around the world. As the Panama Papers and subsequent Paradise Papers exposed, many individuals and organizations use anonymous shell companies and intermediaries to move money to jurisdictions with favorable tax laws. Some of this is done legally, and considered tax avoidance, but tax evasion is done illegally, making it fraud. In his session at the 2018 ACFE Fraud Conference Middle East, Varun Mehta, CFE, discussed some of the challenges of tracking down tax fraud and how data analytics can be an invaluable tool in that fight.Read More
In 2016, The Huffington Post and its Australian partner, Fairfax Media — led by reporters Richard Baker and Nick McKenzie — published the results of a months-long investigation of Unaoil, a firm that helped big multinational corporations win government contracts in areas of the world where corruption is common. The investigation spanned two continents and revealed that billions of dollars of government contracts were awarded as the direct result of bribes paid on behalf of firms including Rolls-Royce, Halliburton, Samsung and more.Read More
“In the good old days when I started my career, my life was much easier,” said Issam Zaghloul, CISSP, CISA, CGEIT, Head of Information Security at Majid Al Futtaim Holding. He has been working in the cybersecurity field in one way or another for the last 16 years. The work was easier, he explained, because there wasn’t as much data to track, and it was all stored in centralized locations. In other words, things were simpler and much more straightforward.
Today, however, we eat data for breakfast, according to Zaghloul, and our systems of tracking, moving and storing data have become infinitely more complex.Read More
If you have a fraud hotline at your organization, who is your targeted user? A low-level employee who notices something wrong happening above them? A manager who reads emails about plans of possible collusion? An executive who oversees the bidding process? The answer is everyone, according to Waheed Alkahtani, CFE, CEPP-1, Sr. Auditor at Saudi Aramco.Read More
Alexandra Wrage, former member of the FIFA Independent Governance Committee will join body language expert Cliff Lansley, convicted fraudster* Roomy Khan and others as speakers at the 2018 ACFE Fraud Conference Middle East.Read More
Hundreds of anti-fraud professionals will gather this winter at the 2018 ACFE Fraud Conference Middle East, hosted by The Association of Certified Fraud Examiners (ACFE) and Abu Dhabi Accountability Authority (ADAA). The event will take place 25-27 February 2018 at Jumeirah at Etihad Towers.Read More
Do you think you can detect lies? Cliff Lansley thinks you should go one step further and detect the truth.
“Some people call me a professional lie detector. I prefer to use the phrase ‘truth detector’ because when people tell lies, they leak the truth,” said Lansley, body language expert and CEO of the Emotional Intelligence Academy (EIA) and managing director of Paul Ekman International. Lansley was the keynote speaker during Monday's working lunch session.Read More