OSC Director of Enforcement Jeff Kehoe Stresses Transparency in Regulation

OSC Director of Enforcement Jeff Kehoe Stresses Transparency in Regulation

Director of Enforcement for the Ontario Securities Commission (OSC) Jeff Kehoe has recently commented on the aftermath of a short-selling scandal involving Home Capital Group. In response to criticism that OSC had not handled warnings properly, Kehoe told BNN in an interview, "There’s always criticism of the regulators when they’re in the middle of a matter and I think the proof is in the pudding, that what we saw is a successful resolution of the matter."

Kehoe will be addressing attendees at the largest anti-fraud conference in Toronto, Canada, Oct. 29-Nov. 1 at the 2017 ACFE Global Fraud Conference Canada.

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Toronto Conference Will Explore Whistleblowing, the Future of Tech in Fighting Fraud

Toronto Conference Will Explore Whistleblowing, the Future of Tech in Fighting Fraud

The 2016 ACFE Report to the Nations on Occupational Fraud and Abuse showed fraud incidents in Canada were most commonly detected through tips from whistleblowers. This comes as no surprise to Heidi Franken, Chief of the OSC’s Office of the Whistleblower and Deputy Director of Enforcement. “Whistleblowers are a key ally in the fight against wrongdoing, and companies should take measures to encourage individuals to come forward without fear of reprisal,” said Franken. “The sooner misconduct is detected, the sooner we can take action to protect investors and our capital markets.”

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2016 ACFE Fraud Conference Canada Confirms Passion for Fighting Fraud

2016 ACFE Fraud Conference Canada Confirms Passion for Fighting Fraud

This year's 2016 ACFE Fraud Conference Canada went off without a hitch thanks to dedicated attendees, speakers and volunteers. The ACFE thanks all of you who participated in another successful event and for your continued pursuance in the fight against fraud. We would also like to thank the ACFE Montreal Chapter, specifically chapter president Pierre-Luc Pomerleau, for their support and tireless efforts.

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A Ponzi Scheme is Just a Trusted Liar With a Bank Account

A Ponzi Scheme is Just a Trusted Liar With a Bank Account

Most people believe they could never fall victim to a Ponzi scheme. They assume they would be able to spot the fraud a mile away and be able to deflect it before they were in. As nice as it would be for that to be true, Diana Henriques, financial journalist and author of The Wizard of Lies warned conference attendees at the 2016 ACFE Fraud Conference Canada that Ponzi schemers can pull the wool over anyone’s eyes — even natural skeptics.

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'We All Have a Mission: Protect the Potential Victims of Fraud:' AMF Director Sets a Collaborative Tone at the Top

'We All Have a Mission: Protect the Potential Victims of Fraud:' AMF Director Sets a Collaborative Tone at the Top

According to Jean-François Fortin, the executive director of enforcement at the Autorité des marchés financiers (AMF), there are two ways that regulators can prevent and deter fraudsters. “First the certainty of being caught. And second, the certainty of punishment.” One way to confirm these certainties is through what he calls credible deterrence. Fortin spoke about a credible deterrence paper he helped to recently publish, as well as the AMF’s first whistleblower program and cyber intelligence unit, at the 2016 ACFE Fraud Conference Canada this week in Montréal. 

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Digital Investigative Safety: The New World of Fraud Examination

Digital Investigative Safety: The New World of Fraud Examination

Imagine you’re on assignment working a case and you’re spending a lot of time out of the office. You run into a café to grab a coffee and while there, you figure you’ll sit down to check some emails. You log on to the café’s free Wi-Fi and load up your account. Your phone pings you to say that you have an alert from your bank so you check that too. You might even log into Facebook or Twitter to see what’s going on in the world or with your friends and family. Nothing you’ve done in these 30 minutes has been secure.

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