Live coverage from the ACFE Global Fraud Conference, including anti-fraud articles, session highlights, video clips and photo gallery.
You have probably heard the term “human trafficking”, but you may not have thought it had a connection to business, finance or fraud. According to Matt Friedman, it does. Friedman, who has had a 30-plus year career in countertrafficking, shared his insights and experience at the 2023 ACFE Fraud Conference Asia-Pacific.
Read MoreSocial engineering scams are on the rise in Australia, defrauding victims out of millions of dollars through manipulation tactics, according to Ruben Naiker, CFE. Naiker, who has more than two decades of experience as a forensic investigator, led a detailed presentation of social engineering cases in Australia during the 2023 ACFE Fraud Conference Asia-Pacific and detailed the variety of methods scammers are using to defraud sensitive information and money from unwitting targets.
Read MoreThe Wirecard scandal was one of Germany’s biggest accounting frauds, and many anti-fraud professionals followed the saga of its crash with baited breath. It makes sense, then, that virtual attendees of the ACFE Fraud Conference Asia-Pacific eagerly attended the conversation between Pav Gill, a lawyer best known as the Wirecard whistleblower, and Stefania Palma, a Financial Times Singapore correspondent who helped Gill break the story.
Wirecard, a German payment processor and financial services provider, crashed in 2020 after admitting to a €1.9 billion misrepresentation of funds. While the fraud rocked the fintech world at large, it also forever altered the life of Gill and his former colleagues. Given his significant role in the company’s downfall, Gill offered valuable insight during his conversation with Palma, which offered a platform for him to share his story and to address the lessons learned.
Read MoreRoger Darvall-Stevens took the virtual stage at this year’s ACFE Fraud Conference Asia-Pacific in late September to discuss Australia’s recent updates to their fraud and corruption control standards. As the national head of fraud & forensic services for RSM Australia, Darvall-Stevens provided an elucidating introduction to Australian Standard 8001:2021, which provides a foundation for fraud and corruption control, prevention, detection and response.
Read MorePav Gill, a former Allen & Overy and Clifford Chance lawyer, is best known for being the whistleblower who exposed Wirecard — one of Europe's greatest financial scandals. He will join other whistleblowers and leaders in the anti-fraud field as a keynote speaker for the virtual 2021 ACFE Fraud Conference Asia-Pacific, 22-24 September.
Read MoreIn a recent virtual session at the ACFE Fraud Conference Asia-Pacific, Rupert Evill sought to dispel the stigma and disdain surrounding ethics and compliance departments by teasing out the reasons for this stigma and providing attendees with insider tips to make compliance and ethics trainings memorable and effective. As the founder of EthicsInsight, Evill described his work by saying, “EthicsInsight is trying to simplify the way risk is assessed and benchmarked from a controls perspective so then you can really focus on managing the cultural change aspect.”
Read MoreExamples of organizations employing fraudulent practices due to ethical lapses are in the media almost every week. Sometimes they let the bottom line become more important than adhering to their stated ethical values. Other times, they never cared about having an ethical framework in the first place. Regardless of why ethics were ignored, the outcome is almost always the same: fraud.
“I see fraud as a symptom of an unethical culture,” said Dr. Attracta Lagan, co-principal of Managing Values, in her keynote session at the virtual 2020 ACFE Global Fraud Conference Asia-Pacific. Dr. Lagan stressed to attendees how important it is for anti-fraud professionals to look at behavioral science when it comes to instilling and maintaining an ethical culture in their organization.
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