Counter-fraud

John Binns of BCL Solicitors discusses how financial crime can be overcome, with reference to Interpol’s Operation Pangea

https://www.openaccessgovernment.org/financial-crime-lessons-from-big-pharma-and-global-policing/141505/

The current cost-of-living crisis will leave people more exposed to fraud. As technology evolves and scammers look to exploit vulnerabilities, what fraud trends and potential threats of the future could we see?

https://www.yourmoney.com/saving-banking/blog-deepfakes-metaverse-and-future-threats-to-watch-out-for/

The role of the auditor has been called into question as never before. ICAEW’s new publication highlights how audit firms are rising to the challenge and considers what more they can do to fight fraud.

https://www.icaew.com/insights/viewpoints-on-the-news/2022/jul-2022/what-more-can-auditors-do-to-tackle-fraud

A third of parents fear it's 'only a matter of time' until their children become victims of 'gamer fraud', according to research. A study of 1,000 mums and dads of kids aged six-15, found 31 per cent feel 'powerless' to protect them - with 36 per cent anxious their own finances are at risk.

https://www.essexlive.news/news/uk-world-news/third-parents-fear-kids-gamer-7380798?utm_source=twitter.com&utm_medium=social&utm_campaign=sharebar

The 2022 Midlands Fraud Forum conference in Birmingham had another bumper audience yesterday, writes Mark Rowe.

https://www.professionalsecurity.co.uk/news/interviews/midlands-fraud-forum-2022/#.YsdC-78_tj0.twitter

Get Safe Online has partnered with Cifas, to launch ‘Check-a-Website’.

The new service, hosted on www.getsafeonline.org, will invite users to check if a website is safe to use before accessing. The aim from the launch is to prevent thousands of people in the UK falling victim to unwanted online scams every year.

Fraud is one of the biggest and most damaging risks businesses face. The headlines are full of organisations both in the private and public sectors affected by fraud, irregularity or other wrongdoing – either as a victim or accused. Statistics show that the threat of Corporate Fraud increases markedly in a down economy. And when such fraud occurs, it takes an average of 18 months to detect. In that timeframe, the damage to your business can be both widespread and irreversible. The hidden costs related to corporate fraud drains an estimated five per cent of revenue from corporations worldwide.

https://crigroup.com/fraud-risk-investigations/

Banks and financial institutions are increasingly utilising artificial intelligence (AI) technology for a plethora of reasons, such as credit scoring to assess a borrower’s risk more accurately or for enhancing customer service with virtual assistants. But one of the most important use cases of AI is in the fight against fraud and money laundering.

https://thefintechtimes.com/how-artificial-intelligence-is-helping-finance-firms-in-the-fight-against-fraud/

Katharine Bagshaw introduces an upcoming ICAEW publication. It recommends ways for stakeholders across the financial reporting ecosystem to better deter and detect corporate fraud and shares examples of best practice for and from audit firms.

https://www.icaew.com/technical/audit-and-assurance/faculty/audit-and-beyond/audit-and-beyond-2022/audit-and-beyond-june-2022/fighting-corporate-fraud

The Fraud Advisory Panel and Barclays Bank have launched a new campaign to help and support businesses in the fight against fraud.

https://www.icaew.com/insights/viewpoints-on-the-news/2022/jun-2022/how-can-you-protect-your-business-against-fraud