Muddy Money: The Dirty Truth About Political Corruption

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Muddy Money: The Dirty Truth About Political Corruption

Corrupt politicians are a common trope in society, but what's more uncommon is how to spot the red flags of shady dealings. In "Targeting the Proceeds of Political Corruption," Michael Schidlow, CFE, CAMS-Audit, head of financial crime risk training and emerging risk advisory at HSBC Bank, took attendees on a ride through the world of political corruption combining pop culture references with infamous real-world examples involving names like Gaddafi and Putin. 

Schidlow clearly conveyed the message that political corruption is a massive problem with a wide range of consequences that affect everyone in the world.

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How Would You Steal $10,000 from Your Organization?

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How Would You Steal $10,000 from Your Organization?

Fraud fighters rarely break the rules. They are meticulous, focused and hold themselves to a high ethical standard while ferreting out wrong-doers. However, Steve Morang, CFE, CCEP, CIA, senior manager at Frank Rimerman & Co LLP, argued that sometimes holding yourself and your thoughts to a too-strict ethical framework can backfire against realistic fraud prevention.

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Technology Might Finally Cause the ‘Great Disruption’

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Technology Might Finally Cause the ‘Great Disruption’

Relax. If you’re a fraud examiner, machine learning probably won’t eliminate your job. Probably. “In terms of your own career, the best advice I can give is to avoid doing something that’s routine and repetitive; you want to be good at something that involves engaging other people or something that involves creativity,” said Martin Ford, the Monday lunch keynoter. Ford is a futurist and author of The New York Times best-seller “Rise of the Robots: Technology and the Threat of a Jobless Future.” 

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Financial Fraud Investigations for High-Profile Clients

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Financial Fraud Investigations for High-Profile Clients

Earlier this year I read a short article in Barron’s about why we should all care about Tim Duncan’s fraud case. I know I care because I am a devout San Antonio Spurs fan and love Timmy about as much as I love Pete Sampras. Which, trust me, is a lot.

The fraud may not have even been discovered if not for Duncan's divorce in 2013.

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Social Engineering Expert Advises to Verify Before Trusting

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Social Engineering Expert Advises to Verify Before Trusting

“Practically all of the companies and governmental entities represented in this room are potential targets of interest to us,” Peter Warmka, CFE, CPP, director of business intelligence at Strategic Risk Management LLC, told the room full of conference attendees in his Monday-morning session. “We consider ourselves masters in social engineering. We can manipulate you.” Warmka was impersonating the mindset of a fraudster on the hunt for a vulnerable target, and the effect was enough to grab the attention of the audience. 

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