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June 1, 2016
The latest quarterly status report for HSBC’s anti-money laundering (AML) and sanctions compliance program offers a glimpse into the challenges large banks face when implementing an AML program. An independent corporate compliance monitor noted that HSBC continues to make significant steps toward... Read More »
May 27, 2016
At the IDEA User Conference, I had the opportunity to listen to Mark Mayberry, Director with BDO USA, LLP, speak on the various areas where fraud can occur and how data analytics can play a role in detection and reporting. First we started with the topic of financial statement fraud. According to... Read More »
May 26, 2016
After the session at the IDEA User Conference on using data analytics to analyze purchase card usage, I had the opportunity to attend a session on how data analytics can be used to perform analysis on Medicaid provider claims data. Jennifer Blanchard is a certified fraud examiner (CFE) for the... Read More »
May 26, 2016
It’s an early morning at the IDEA User Conference but more than 30 participants have joined Scott Langlinais, Owner of Langlinais Advisory Services and Al Phillips, Director of Audits and Forensic Investigations at Templar Protective Associates, to discuss how data analytics can be used to detect... Read More »
May 25, 2016
At the first breakout session at the IDEA User Conference, I decided to attend Alexander Muina’s session on automating purchase card (P-Card) reviews. Muina is the Assistant Director, IT Audit at University of Miami and has significant experience in reducing misuse and fraud of P-Cards. The... Read More »
May 24, 2016
I’m at the IDEA User Conference this week and what an opportunity to mingle with IDEA power users and enthusiasts! My first session was led by Audimation Services’ Jill Davies and Carol Ursell on how to use IDEA to detect payroll fraud. According to the most recent version of the Report to the... Read More »
May 19, 2016
When your organization is one of the oldest insurance groups in the Americas and operates in 22 countries, it’s a given that it processes tens of thousands of insurance claims each year. This is reality for Sagicor Life Jamaica Ltd.—a branch of Sagicor Financial Corporation. A full-service life... Read More »
May 17, 2016
The United Kingdom’s financial regulatory agency, the Financial Conduct Authority (FCA), has found that the British branch of Deutsche Bank has “serious” and “systemic” shortcomings in preventing its accounts from being misused for money laundering, sidestepping international sanctions or financing... Read More »
May 12, 2016
Senator Mike Duffy has been acquitted of all 31 charges laid against him in the highly publicized trial that arose out of the Canadian Senate expense scandal. This only signals a brief hiatus for the scandal, though: there are still two other senators—Pamela Wallin and Patrick Brazeau—who could go... Read More »
May 10, 2016
If you’re an auditor, accountant or other finance professional, it is important that you not only add value to your organization but also differentiate yourself from others in your field. It was with this in mind that CaseWare Analytics first launched its IDEA® certification program. Available to... Read More »