Head of U.K. SFO: Diverse Teams Have Led to 3 Life Lessons

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Head of U.K. SFO: Diverse Teams Have Led to 3 Life Lessons

“Fabulous teammates” have taught Lisa Osofsky, the new director of the U.K.’s Serious Fraud Office, three top lessons over the years: 1) Make a clear plan. 2) Listen. 3) Find the truth.

“I have worked with teams over time — teams that evolve because the nature of fraud changed with the flattening of the globe. I have learned from veteran investigators,” said Osofksy, the keynote speaker during today’s opening session. “I have learned from young and eager investigators new to the job. I have learned that two or three or four heads are better than one, especially when we’re unraveling fraud. Let me … try to distill what those teams have taught me.” Osofsky received the Dr. Donald R. Cressey Award for a lifetime of achievement in the detection and deterrence of fraud.

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Heard in the Halls: Stepping Up and Standing Out

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Heard in the Halls: Stepping Up and Standing Out

“I am very excited, not only to network like we’re doing right now at the pre-conference day with the women’s networking group, but also to connect with other people and share ideas. I think the best way for me to learn and grow is to look at the best practices across the country and the world. What are they doing? What could I be doing better?” – Kathy McGuiness, CFE, Auditor of Accounts, State of Delaware

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Leveraging Anti-Money Laundering Controls to Detect and Report Corruption

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Leveraging Anti-Money Laundering Controls to Detect and Report Corruption

The major global corruption scandals that have made headlines in recent years, from Malaysia’s 1MDB scandal to the Russian and Azerbaijani laundromats, illustrate how the associated crimes are dependent upon the ability to launder illicit proceeds across borders. As financial institutions grapple with detecting and preventing money laundering, their efforts are resulting in a more unified concept of risk management. One which no longer views money laundering, bribery and corruption, sanction-evading and other financial crimes as separate issues to be dealt with individually, but as an interconnected spectrum of fraud.

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Former White House CIO to Keynote ACFE Global Fraud Conference

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Former White House CIO to Keynote ACFE Global Fraud Conference

The 30th Annual ACFE Global Fraud Conference is excited to welcome Theresa Payton to the stage on Monday, June 24, 2019. Payton was the first female to serve as White House Chief Information Officer where she oversaw IT operations for the U.S. President during a period of unprecedented technological change and escalating threats. She was named by IFSEC Global as the 4th among the top 50 of the world’s cybersecurity professionals and by Security Magazine as one of the top 25 Most Influential People in Security. Payton is one of America’s most respected authorities on security and intelligence operations.

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Traveling Fraud Museum: Stand Against Fraud

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Traveling Fraud Museum: Stand Against Fraud

Fraud examiners know that combatting fraud takes continued diligence and vigilance. It can sometimes be emotionally draining as well since fraudsters may have built up trust with the victims over years. Although being in the anti-fraud field can be taxing, fraud examiners continue to stand against fraud because they know it is the right thing to do. Some of the artifacts, memorabilia, documents and other pieces of fraud history collected by ACFE founder and Chairman Dr. Joseph T. Wells, CFE, CPA, exhibit how pioneers in the anti-fraud field have stood against fraud through the years and can be seen in this year’s Traveling Fraud Museum at the 30th Annual ACFE Global Fraud Conference. 

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Getting Ahead of the Compliance Curve

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Getting Ahead of the Compliance Curve

In an increasingly globalized economy, with various compliance requirements that apply not only to an organization, but it’s contractors and vendors as well, one way to stay ahead of fraud and corruption risks to satisfy those requirements involves proactive monitoring to ensure regulatory compliance. In two separate breakout sessions at the 29th Annual ACFE Global Fraud Conference delivered by Eric Feldman, senior vice president and managing director of Affiliated Monitors, Inc., he stressed that companies should take the first step in a proactive monitoring program by obtaining an independent assessment of their organization’s risks, practices or procedures and culture.

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