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RESULTS FOR: Fraud

Beware Scams Related to the Coronavirus

April 3, 2020 | Investigations

International fraudsters are already exploiting the Coronavirus and new federal CARES Act aid, relief, and stimulus programs, which include emergency cash payments to individuals and businesses. Expect the fraud attempts to continue throughout and after the pandemic.

Criminals are using various means to contact potential victims, including:

• spoofed (forged sender/header) email and phone calls posing as U.S. Treasury officials requesting potential victims provide personal identifying information (“PII”) to receive aid payments; and

• text messages with links to official-looking … Read More

Employer Alert – Interim State IDs Have Adverse I-9 Consequences

May 2, 2019 | Compliance Immigration + Border Services

Employers who have dedicated resources to developing a robust I-9 compliance program, and who also follow trends related to identification documents to prevent fraud, should pay attention to a new area of concern — interim driver’s licenses.

Many states have enhanced the security of their driver’s licenses and identification cards over the past several years. These enhancements consist of new security features, printing, holograms, and tamper resistant formats. Some states periodically enhance the security features of their documents, and others … Read More

The Digital Payment Crime Threat Portends A Fintech/Regtech Alliance

October 11, 2018 | Compliance Financial Crime Consulting

As published in PaymentSource.com, October 4, 2018.

 

Digital payments remain vulnerable to abuse by financial criminals seeking to make fast payments and undetected payments through the financial system.

 

There are multiple ways in which digital payments can be used by those laundering money, committing fraud, or financing terrorism. What are some of the risks fintechs should be thinking about, and what are the ways to mitigate them?

 

Because financial crime risks, properly mitigated, are in fact
Read More

Avoiding Fraud and Abuse in Disaster Reconstruction Efforts

October 30, 2017 | Monitoring

The recent series of natural disasters has left a staggering toll of ruin and loss. The instinct of all involved, citizens, businesses and government, is to clear the debris, restore energy and communications, and rebuild and repair infrastructure and buildings as quickly as possible.

Indeed, the recovery work itself is a cathartic experience that expresses hope in a restored future and the determination to get there.

Unfortunately, massive recovery efforts contain the seeds of their own failures, presenting fertile opportunity Read More

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