Brown will address anti-fraud professionals from the Asia-Pacific region at the 2016 ACFE Fraud Conference Asia-Pacific at Marina Bay Sands in Singapore, 20-22 November. Despite having an arrest warrant issued for her by a Malaysian court, Brown remains optimistic that corruption on a global scale can be defeated. She said, “I do think we’re seeing a lashback and 1MDB is going to be just one example of enforcement agencies hitting back.”Read More
This year's 2016 ACFE Fraud Conference Canada went off without a hitch thanks to dedicated attendees, speakers and volunteers. The ACFE thanks all of you who participated in another successful event and for your continued pursuance in the fight against fraud. We would also like to thank the ACFE Montreal Chapter, specifically chapter president Pierre-Luc Pomerleau, for their support and tireless efforts.Read More
Most people believe they could never fall victim to a Ponzi scheme. They assume they would be able to spot the fraud a mile away and be able to deflect it before they were in. As nice as it would be for that to be true, Diana Henriques, financial journalist and author of The Wizard of Lies warned conference attendees at the 2016 ACFE Fraud Conference Canada that Ponzi schemers can pull the wool over anyone’s eyes — even natural skeptics.Read More
According to Jean-François Fortin, the executive director of enforcement at the Autorité des marchés financiers (AMF), there are two ways that regulators can prevent and deter fraudsters. “First the certainty of being caught. And second, the certainty of punishment.” One way to confirm these certainties is through what he calls credible deterrence. Fortin spoke about a credible deterrence paper he helped to recently publish, as well as the AMF’s first whistleblower program and cyber intelligence unit, at the 2016 ACFE Fraud Conference Canada this week in Montréal.Read More
Imagine you’re on assignment working a case and you’re spending a lot of time out of the office. You run into a café to grab a coffee and while there, you figure you’ll sit down to check some emails. You log on to the café’s free Wi-Fi and load up your account. Your phone pings you to say that you have an alert from your bank so you check that too. You might even log into Facebook or Twitter to see what’s going on in the world or with your friends and family. Nothing you’ve done in these 30 minutes has been secure.Read More
One of the keynote speakers for the 2016 ACFE Fraud Conference Asia-Pacific, Clare Rewcastle Brown, is all too familiar with the reach of global corruption. Rewcastle Brown is an investigative journalist who has begun a heated international dialogue by publishing accounts alleging corruption occurring in Malaysia.
"I think we're seeing a swing of the pendulum. I think that 1MDB has cropped up at perhaps the right place, the right time," she said. "This whole off-shore financial structure that's been allowed to grow ... the whole thing's got out of control and I think governments all over the world are starting to realize they've lost control."
In late June, Québec’s financial market regulator, the Autorité des marchés financiers (AMF), launched its very first whistleblower program. According to Jean-François Fortin, the AMF’s executive director of enforcement, the program’s focus is two-fold: to generate more tips and to generate better tips. Fortin will be speaking about the new program, as well a cooperative governance model the AMF created, at the upcoming 2016 ACFE Fraud Conference Canada next month in Montréal.Read More