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November 14, 2016
Last week we held the webinar, ‘Sanctions Risk – What’s the Problem?’ which explored the complexities associated with sanctions. It also addressed the ways that a risk-based approach can help you ensure your organization is not in violation of any sanctions. Strategic Forecaster, Risk Expert, and... Read More »
November 9, 2016
Ireland: One of Ireland’s largest retail banks has been fined €3.3 million for breaching anti-money-laundering and terrorist-financing regulations. Regulators at the Central Bank described the reason for the fine at Ulster Bank Ireland as “unacceptable weaknesses in key aspects of its anti-money-... Read More »
November 4, 2016
As auditors, we often find that when performing our duties our focus is on analyzing the data effectively. This is how we are able to uncover any potential anomalies, trends or outliers that could put the business at risk or that may potentially point to fraud. But thanks to technology’s... Read More »
October 31, 2016
For many in the anti-money laundering (AML) compliance space, addressing the problem of sanctions risk is often viewed as simply having to comply with both international and domestic regulatory requirements. However, because sanctions are commonly used as a political tactic to pressure groups and... Read More »
October 28, 2016
A former manager at a  Canadian university has been found guilty of fraud, theft and forgery relating to charges that he expensed more than $38,000 of personal items to his work purchase card (P-Card) and paid his mother-in-law $139,000 in wages. While few details of the personal expenses have... Read More »
October 26, 2016
The newest version of IDEA Data Analysis software has been released, and users can expect to enjoy important improvements in the Visualization task and SmartAnalyzer, as well as general performance enhancements. If you haven’t done so already, we highly recommend upgrading to IDEA 10.2.  Here’s why... Read More »
October 24, 2016
The United States is once again taking steps to prevent and deter money laundering. Earlier this month, the U.S. Treasury Department sanctioned the son, nephew and brother of Altaf Khanani, who has been accused of running a global operation that launders money for organized crime groups, drug-... Read More »
October 17, 2016
Last week we joined forces with Auditnet to co-host a webinar titled, ‘Data Analytics and the Small Audit Department – How to Implement for Big Gains’. Presented by Bob Cuthbertson, Chief Operating Officer of CaseWare Analytics, and Jared S. Soileau, Assistant Professor of Accounting at Louisiana... Read More »
October 12, 2016
Bankia, a troubled Spanish bank, is facing further challenges as 65 bankers are now on trial in Madrid for allegedly committing purchase card (P-Card) fraud—to the tune of approximately 12 million Euros. Prosecutors say that the money was spent on luxury items unrelated to their work duties... Read More »
October 6, 2016
Earlier this year, the ACFE and CaseWare Analytics co-hosted a webinar called Failure to Launch: Breaking Down the Barriers to Increase the Use of Analytics, where Lenny Block, Associate Vice President, NASDAQ Internal Audit, talked about overcoming common pitfalls encountered when implementing... Read More »

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