Live coverage from the ACFE Global Fraud Conference, including anti-fraud articles, session highlights, video clips and photo gallery.
Everyone is affected by cognitive biases. As Beth Mohr, CFE, explained during her early morning session on the second day of the 35th Annual ACFE Global Fraud Conference, our brains are always thinking, and we are limited in what we can take in. We create mental shortcuts, called heuristics, but sometimes this can lead to systemic errors in thinking, or biases.
Read MoreWith any emerging technology, change is inevitable. At the 35th Annual ACFE Global Fraud Conference, Lourdes Miranda, CFE, CEO of the FinTech Advisory Group, LLC, outlined what the future of compliance programs looks like alongside the evolution of cryptocurrency. It’s a daunting proposition when traditional banking remains the global standard, but as Miranda pointed out, the term “crypto wallet” is synonymous with a traditional “bank account.” With basic training, compliance and investigative professionals are much closer to a working knowledge of crypto than many think.
Read More“Be courageous. Understand the righteousness of your work, to never doubt the importance of doing the right thing and stopping people from doing the wrong thing,” Glenn Cook stresses to attendees when speaking about the dangers of exposing fraud and corruption.
During the 35th Annual ACFE Global Fraud Conference, Leah Lane, CFE, a director at SunHawk Consulting, presented a compelling session titled "A Case Study in Provider Fraud." Drawing from her extensive experience, Lane provided a detailed examination of the risks, misconduct and repercussions resulting from a health care company’s acquisition.
Read MoreMatt Friedman recounts an interaction with a banker at a previous event, outlining the significance of ACFE members’ work in the anti-fraud field in the fight against human trafficking.
During the 35th Annual ACFE Global Fraud Conference, Sean Tweed, CFE, gave fraud investigators an overview of Bitcoin and how it can be used to trace funds across different addresses in his session titled, “The Traceability of Bitcoin’s Unspent Transaction Output System”. Contrary to popular belief, Bitcoin was not created by criminals to be an untraceable tool for money laundering. Criminals have exploited it, but its model was actually created to make transactions public and traceable.
Read MoreAt the 35th Annual ACFE Global Fraud Conference, "Testifying as an Expert Witness," presented by Tasha Soroosh, Deputy District Attorney IV at the Orange County District Attorney’s Office provided invaluable insights into the intricacies of courtroom testimony for fraud examiners, emphasizing the importance of preparation, professionalism and effective communication.
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