The evidence is that organizational fraud occurs at a startling rate and at great cost. Fraudsters can occupy positions at any level and in any kind of organization, finding creative ways to enrich themselves at the expense of the…

The 2014 edition of the Association of Certified Fraud Examiners (ACFE) report on occupational fraud confirms and extends previous findings that fraud is a persistent threat across time and borders. Extrapolating the incidence of fraud from the 1,483 cases…

As a result of the numerous corporate and accounting scandals, the financial crisis, and other similar events that have occurred in the first part of the 21st century, numerous regulatory and protection acts have been enacted to provide assurance…

In March 2014, Thomas J. Curry, Comptroller of the Currency, spoke before the Association of Certified Anti-Money Laundering Specialists about the Bank Secrecy Act (BSA) and Anti-Money Laundering law (AML) compliance. While he generally spoke positively about the efforts…

The on-going regulatory response to the 2008 financial crisis includes the Office of the Comptroller of the Currency (OCC) Risk Management Guidance on third-party relationships, issued in October 2013. The bulletin states that the OCC expects a bank to…