An article published by the financial times opened with a startlingly precise line: “Money laundering is rapidly becoming America’s favourite elite crime.” It seems true. There are numerous reports and studies out there to suggest that money laundering is on the rise. From the infamous Enron scandal of the early 2000s to the more recent … Continue reading 5 Money Laundering Scandals To Know About And Their Controversies

At its core, white collar crime is no different from other forms of crime, whether it’s blue collar or street-related – the perpetrators have to cover their tracks. And over the years, white collar professionals have become far more adept and sophisticated in their efforts to stay out of sight. They will continue to find … Continue reading 8 Ways White Collar Fraudsters Conceal Themselves & Their Schemes

In our increasingly data-dependent world, there is a slew of new terms, phrases and buzzwords that keeps on getting bigger every day. Many of them sound sophisticated and trendy but they’re often downright confusing. Worse, there seems to be an abundance of terms that seem to mean the same things although they’re very different. Take … Continue reading No, Reporting & Analysis Don’t Mean the Same Thing

No one embodies the vigilante archetype in modern day society more than the whistleblower. For those holding dark secrets, the whistleblower is a criminal, a traitor. For those seeking the truth, the whistleblower is a hero. Famous figures in the field including Mark Felt (Watergate scandal of the 70s) and Edward Snowden (NSA leaks) have … Continue reading How Fraud Whistleblowing Is The Ultimate Catch-22

You’re most likely no stranger to the concept of embezzlement. Generally speaking, we regularly hear about embezzlement cases in the upper management and executive levels of business. For example, there’s the CEO who immerses themselves in a corporate scandal that attracts global media attention. However, not every case of embezzlement involves a C-level executive or … Continue reading How To Find Employee Embezzlement In Your Organization

Data entry errors are inevitable but they can be time-consuming to fix and worse, costly for business. But how do you stop a problem that’s fundamentally human, a problem that is impossible to completely get rid of? The operative word here is to “reduce”. Reduction of data entry errors can occur on various fronts including … Continue reading How To Reduce Data Entry Errors Down To Nearly Zero

If you run a business or are in an industry where you juggle multiple suppliers, it’s quite likely they’ll all interact with you differently. They each may have their preferred methods of payment, processes for logistics and so forth. The list can go on. And while there’s nothing inherently wrong with these differences, problems with … Continue reading The Importance Of Maintaining Data Integrity When Juggling Multiple Suppliers

Imagine hearing about a person who supposedly worked in your office without ever having seen them. It would be confusing, awkward and frankly, a bit unnerving. It might even sound like the premise for a thriller. But this is an everyday reality for many companies throughout the world. They dole out paychecks to employees listed … Continue reading Signs Your Organization Is Haunted… By Ghost Employees

“Big Data”, “data analytics”, “data” – people from all industries and professions within business use these buzzwords like teenagers using new slang. They certainly are necessary now making big decisions but since the meaning of these terms can be abstract, many people aren’t really sure what “good” data analysis entails. With that said, there are … Continue reading 7 Principles Of Data Analytics That All Employees Should Learn

“The profile of a typical fraudster is a long-serving, trusted employee, who works long hours and is reluctant to take their annual leave,” says Jonathan Middup, Partner at Ernst & Young’s Fraud Investigation & Dispute Services practice. In other words, some of those tough-as-nails, non-stop workers who never take vacations are more likely to be … Continue reading The Dark Reason Why Some Employees Never Take Vacations