What Fraud Examiners Should Know About the Anti-Corruption Landscape in Mexico

What Fraud Examiners Should Know About the Anti-Corruption Landscape in Mexico

At the 2019 Houston ACFE Fraud Conference, Fernando Cevallos, CFE, and his co-presenter Javier López de Obeso explained the current anti-corruption environment in Mexico. They discussed what fraud examiners should know in order to conduct effective investigations while also avoiding putting themselves in dangerous, potentially life-threatening situations.

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Identifying Conflicts of Interest From the Outside-In

Identifying Conflicts of Interest From the Outside-In

Imagine that a large multinational company in China is suspected of engaging in collusive activity between salespeople and distributors, and the allegations involve potentially thousands of entities and millions of transactions. The company needs a way to rapidly identify potential trouble spots where they can launch a detailed investigation.

According to Allanna Rigby, director of Control Risks Group, conflicts of interest, like the case described above, are quite hard to detect. At the 2019 ACFE Fraud Conference Asia-Pacific, she told attendees that cultural nuances make conflict-of-interest investigations even more difficult.

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"Billion-Dollar Whale" Author Recounts the Collapse of 1MDB

"Billion-Dollar Whale" Author Recounts the Collapse of 1MDB

Best-selling author Tom Wright’s address at the 2019 ACFE Fraud Conference Asia-Pacific began and ended with one central figure in the 1MDB corruption scandal: Paris Hilton. I kid. But, Hilton’s name did come up several times while Wright recounted the events that led to the ousting of Malaysian Prime Minister Najib Razak and the exposure of a billion-dollar corruption scheme known as 1MDB.

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Bill Browder Fights Against Corruption in Sergei Magnitsky’s Name

Bill Browder Fights Against Corruption in Sergei Magnitsky’s Name

For much of his life, Bill Browder’s goal was simple: to be the most successful capitalist in Eastern Europe. And he reached his goal there and in Russia. He made fortunes and lost them and then made them again. But that all changed in 2009 when his lawyer and friend, Sergei Magnitsky, died in prison under suspicious circumstances one month after submitting detailed documentation of a governmental scandal to Russian investigators. The year before, Magnitsky had exposed a complicated $230 million web of tax-refund fraud and graft involving Russian government officials. And for his courageous efforts, he lost his life.

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Panama Papers’ Reporter Lauds Fraud Examiners for ‘Holding the Powerful Accountable’

Panama Papers’ Reporter Lauds Fraud Examiners for ‘Holding the Powerful Accountable’

Grueling. Exhausting. Exciting. Satisfying. Bastian Obermayer, the recipient of the ACFE Guardian Award, and the deputy head of the investigative unit of the Munich-based newspaper, Süddeutsche Zeitung, experienced all those emotions as he and his partner, Frederik Obermaier, reported on the Panama Papers. The documents, which an anonymous source emailed to Obermayer, contained personal financial information about wealthy individuals and public officials, and showed that they were using some shell corporations — incorporated via the Panamanian law firm Mossack Fonseca — for illegal purposes, including tax fraud, tax evasion and evading international sanctions.

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Fighting the Root Causes of Corruption

Fighting the Root Causes of Corruption

“One in four people pay bribes for public services,” Gretta Fenner quoted (from the Global Corruption Barometer 2017) during her keynote address titled, “Fighting Corruption and Returning Stolen Assets: Global Challenges and How to Make at Least Some Inroads” at the 2019 ACFE Fraud Conference Europe last week. “We have 300 people here; that means 80 of you would have paid a bribe in a 12-month period.” 

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