Quebec’s New Whistleblower Program to Build Trust and Transparency with Canadian Investors

/
Quebec’s New Whistleblower Program to Build Trust and Transparency with Canadian Investors

In late June, Québec’s financial market regulator, the Autorité des marchés financiers (AMF), launched its very first whistleblower program. According to Jean-François Fortin, the AMF’s executive director of enforcement, the program’s focus is two-fold: to generate more tips and to generate better tips. Fortin will be speaking about the new program, as well a cooperative governance model the AMF created, at the upcoming 2016 ACFE Fraud Conference Canada next month in Montréal.

Read More

Fraud Report Released at Canada’s Largest Gathering of Anti-Fraud Professionals

/
Fraud Report Released at Canada’s Largest Gathering of Anti-Fraud Professionals

According to the Association of Certified Fraud Examiner’s latest report, Canadian fraudsters were more likely to receive no punishment from their employers than being asked to resign. More than 200 anti-fraud professionals will receive an early-access, exclusive look at this report during the 2016 ACFE Fraud Conference Canada, taking place in Montreal, September 11-14.

Read More

Calling all Super Heroes: Register Today for the 2017 ACFE Global Fraud Conference

/
Calling all Super Heroes: Register Today for the 2017 ACFE Global Fraud Conference

"You serve. You protect. You prevent. You fight the worldwide war against fraud."

Those words were spoken by ACFE founder and Chairman Dr. Joseph T. Wells, CFE, CPA, at this past June's ACFE Global Fraud Conference during the opening video shown to attendees. While Dr. Wells used these words to describe the fraud fighters in attendance, the same words can be used to describe the more than 75,000 ACFE members all over the world who wake up every morning with the goal of making the world a better place. 

Read More

You Gotta' Know When to Hold 'Em...Behind Bars

/
You Gotta' Know When to Hold 'Em...Behind Bars

When you think about Las Vegas, you probably think about the glitz and glamour of dazzling slot machines, beautiful people, spectacular shows, high-stakes casinos and a skyline that most would recognize immediately. What you might not think about is what happens behind the house. According to Sharon Tibbits, CFE, Executive Director, Fraud Control Group at MGM Resorts International, fraud is a concern in many areas of the casino industry. “Our fraud department is responsible for 13 different properties and about 62,000 employees,” Tibbits said at the 27th ACFE Global Fraud Conference last month in Las Vegas. “And we actually experience a lot of different types of fraud in a lot of different areas.”

Read More

How the Media Can Help Preach Fraud Awareness

/
How the Media Can Help Preach Fraud Awareness

No company wants to freely admit that wrongdoing happened under their purview; however in order for people to understand the scope of fraud, some stories are best shared with the public. The onus to tell the story lands not on anti-fraud professionals, but another important piece in fraud awareness: the media. This is exactly what happened with the insider trading that occurred in the Galleon Group starting in the 1990s before finally ending in 2011. 

Read More

All the Advantages of Life Didn’t Stop Roomy Khan From Crossing the Line

/
All the Advantages of Life Didn’t Stop Roomy Khan From Crossing the Line

“As a girl who grew up in India and came to the U.S. — I went to some of the top schools, worked for some of the best corporations, caught all the breaks that I wanted. … But I am responsible [for my fraud] and no one else,” Roomy Khan said. “The culpability is completely mine. I should have known better. Looking forward, I hope I can now be part of the solution.”

Read More