Certified Fraud Examiners Receive High Praise at 2017 LEGA Summit

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Certified Fraud Examiners Receive High Praise at 2017 LEGA Summit

On Jan. 19, 2017, The Western Union Company (Western Union) agreed to forfeit $586 million and admitted to criminal violations including willfully failing to maintain an effective anti-money laundering program and aiding and abetting wire fraud. A U.S. Department of Justice (DOJ) investigation uncovered hundreds of millions of dollars being sent to China in structured transactions designed to avoid the reporting requirements of the Bank Secrecy Act, and much of the money was sent to China by illegal immigrants to pay their human smugglers.

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Acting Assistant Attorney General to Outline DOJ White-Collar Crime Priorities at Fraud Summit

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Acting Assistant Attorney General to Outline DOJ White-Collar Crime Priorities at Fraud Summit

With the increasingly international nature of business, the U.S. Department of Justice is keeping its eye on white-collar criminals both within and outside the U.S. White-collar criminal schemes seem to have no bounds. "Email, internet, computer intrusions and spoofing schemes, often originating from beyond our borders, are on the uptick,” said acting Assistant Attorney General Kenneth Blanco, J.D.

Blanco will discuss the future of the DOJ’s white-collar crime enforcement at the 2017 ACFE Law Enforcement and Government Anti-Fraud Summit in Washington D.C., October 30.

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