Artificial Intelligence Explained

Using AI for Trade Surveillance and Fraud Detection Artificial intelligence, machine learning and deep learning have become dominant forces shaping the banking and capital markets sector in recent years. Financial institutions are allocating significant resources on AI-based applications and talent and regulators are paying increased attention to the emergence of AI and its impact onContinue reading “Artificial Intelligence Explained”

Critiquing Leadership and Living to Tell About it

Compliance officers are rarely popular people in any organization, even when things are in a steady-state. When it’s time to critique a member of the leadership team, it can test the resolve of the leadership team to demonstrate their commitment to the ethics and compliance program.  For the compliance officer who must deliver the message,Continue reading “Critiquing Leadership and Living to Tell About it”

Successor Liability is More Than You Bargained For

Gone are the days when the potential bribery and corruption risk of an acquisition can afford to be something assessed at the 11th hour or not at all.  Successor liability stemming from undiscovered bribery activity can give rise to devasting financial consequences. On a recent episode of Fraud Eats Strategy, I discussed anti-corruption due diligenceContinue reading “Successor Liability is More Than You Bargained For”

Let’s Assume Fraud in Your Company Would be Unwelcome News

Fraud risk can lay dormant below the surface for years. This is often the case until someone in a control position recognizes a weakness in the control environment and exploits it for their gain. Right now, there are thousands of ongoing fraud schemes taking place in organizations that have gone unnoticed for years.  Organizational resiliencyContinue reading “Let’s Assume Fraud in Your Company Would be Unwelcome News”

The DOJ Expects You to Know Its Compliance Guidance Inside and Out

In November 2012, the DOJ Fraud Section and the SEC published what would turn out to be a groundbreaking document: A Resource Guide to the U.S. Foreign Corrupt Practices Act.  Detailed and yet very approachable and written in plain English, “the Guide” as it is commonly referred to, is the primary desk reference for everyContinue reading “The DOJ Expects You to Know Its Compliance Guidance Inside and Out”

Active Whistleblower Hotlines Boost the Bottomline

One of the more challenging aspects of regulatory compliance is measuring the return on investment (ROI). Efforts to measure ROI on compliance expenditures have historically been in terms of the cost savings of disasters averted. During uncertain economic times such as many organizations are now facing, the CFO will likely be unmoved by a “disasterContinue reading “Active Whistleblower Hotlines Boost the Bottomline”

It’s OK to Use Zoom to Interview Witnesses

Investigators and attorneys are two professions best practiced in person. Yet, witness interviews and depositions have had to revert to video conferencing. This has invigorated debates focused on the use of body language and other physical cues to detect deception, or if someone is being coached off of the screen. It has also caused usContinue reading “It’s OK to Use Zoom to Interview Witnesses”

Swimming Naked in a Down Economy

During the last financial crisis, Warren Buffet said, “You only find out who is swimming naked when the tide goes out.” Adverse market conditions expose risks and test a company’s resilience and like low tides, when the economy recedes, long-running frauds are often exposed. In a recent episode of FTI’s new podcast series: Fraud EatsContinue reading “Swimming Naked in a Down Economy”

Meet Scott Moritz

Senior Managing Director at FTI Consulting Forensic & Litigation, Risk & Investigation Practice Scott Moritz has more than 35 years of experience in combined law enforcement and investigative consulting, forensic accounting, and regulatory compliance advisory experience. Mr. Moritz assists clients and their outside counsel in managing their response to “bet the company” event-driven financial crime,Continue reading “Meet Scott Moritz”

What Enron Can Teach Us About Future Frauds

In 2000, Enron was number 18 on the Fortune 500 list of the largest U.S. companies. Their stock price was defying gravity and their leadership team was featured on the covers of Business Week, Fortune and Forbes. Enron’s rise was being studied by business schools and many considered the company to be a model ofContinue reading “What Enron Can Teach Us About Future Frauds”