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The data detective
The trove of leaked files from the Panama Papers and Paradise Papers exposed the secret offshore financial dealings of the global elite. Digging through those terabytes of data were hundreds of reporters led by Marina Walker Guevara. The Pulitzer-Prize-winning journalist talks to Fraud Magazine about managing news media collaborations, data investigations and the urgency for stories that hold the powerful to account.
Written By: Jennifer Liebman, CFE
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- Anti-Fraud Laws Regulations and Compliance
- Bribery and Corruption
- Computers and Technology
Infiltrating the IT industry
Companies across the globe have unknowingly hired remote information technology workers acting on behalf of the Democratic People’s Republic of Korea (DPRK). Using stolen identities and gaining access to sensitive data, the workers illicitly generate revenue for the DPRK’s Weapons of Mass Destruction (WMD) and ballistic missiles programs (weapons program). The author breaks down elements of the scheme and provides tactics for organizations to avoid hiring bad actors.
Written By: Trisha Gangadeen, CFE
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- Computers and Technology
- Fraud Prevention and Deterrence
- Fraud Schemes
Detecting fraud without historical data
Datasets of documented fraud cases can be instrumental in detecting anomalies and patterns in all sorts of transactions, but many times those datasets aren’t available. With fraudsters perpetrating increasingly sophisticated schemes, fraud fighters need an edge on the criminals with advanced techniques. Here, the author describes how to use machine-learning models and other advanced techniques to detect fraud when you don’t have historical data to learn from.
Written By: Penny Li, CFE, CPA, Ning Ping Wang
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- Computers and Technology
- Data Analytics
- Fraud Investigation and Examination
Fraud investigations gone wrong
Failures in fraud investigations can hinder the pursuit of justice and the deterrence of fraudulent activities. The author examines two case studies that illustrate the immense impact that botched investigations can have on individuals, organizations and society.
Written By: Adesola Osuji, LLM, CFE, CISA
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- Accounting and Auditing
- Computers and Technology
- Corporate Governance
Fraud examiners anticipate future with generative AI, ACFE/SAS Report shows
Anti-fraud professionals across the globe expect generative artificial intelligence (AI) to be part of their fraud-fighting arsenals in the future, according to the 2024 Anti-Fraud Technology Benchmarking Report. In fact, an impressive 83% of respondents surveyed for the study anticipate that their organizations will add this technology to their anti-fraud initiatives over the next two years.
Written By: Rihonna Scoggins
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- Computers and Technology
A bad return on your money
Investors have been losing their money to scammers since ancient times, but the scale and the cost of investment fraud has only grown in a digital age that has made it easier for fraudsters to steal hard-earned savings. Here we look at some of the different types of investment fraud and the red flags to watch out for.
Written By: Susan Mangiero, Ph.D., CFE, CFA
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- Computers and Technology
- Financial Transactions and Fraud Schemes
- Fraud Investigation and Examination
- Fraud Prevention and Deterrence
- Fraud Schemes
- Technology
Invaluable lessons from fraud fighters across the globe
ACFE President John D. Gill, J.D., CFE, shares lessons learned from ACFE fraud fighters across the globe.
Written By: John D. Gill, J.D., CFE
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- Computers and Technology
- Fraud Investigation and Examination
- Fraud Prevention and Deterrence
This scheme is a load of manure and more
In California a man conducted a cow manure Ponzi scheme; a former Amazon manager is sentenced for stealing millions from the company; and fraudsters in India scam victims by posting fake business numbers online.
Written By: Anna Brahce
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- Asset Misappropriation
- Computers and Technology
- Fraud Investigation and Examination
- Fraud Schemes
The challenges of change
Members of the ACFE Board of Regents always bring a wealth of experience from their respective sectors. Here they impart their thoughts on an array of topics and the importance of continual learning in the ever-evolving anti-field field.
Written By: Paul Kilby, CFE
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- Anti-Fraud Laws Regulations and Compliance
- Computers and Technology
- Fraud Risk Management
Using geospatial tracking to shut down sanctions violators
The line between corporate crime and geopolitics has become increasingly blurred as the U.S. sanctions a broad range of bad actors across the globe. Organizations can quickly find themselves in violation of these rules. Here’s how fraud examiners can use one type of technology to prevent this fraudulent behavior.
Written By: Vincent M. Walden, CFE, CPA
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- Anti-Fraud Laws Regulations and Compliance
- Bribery and Corruption
- Computers and Technology
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