Building a Crypto Compliance Program and a Crypto Investigations Team

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Building a Crypto Compliance Program and a Crypto Investigations Team

With 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. 

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Understanding the Righteousness of Anti-Fraud Work: Glenn Cook

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“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.

Provider Fraud: Why Due Diligence Matters in Health Care Acquisitions

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Provider Fraud: Why Due Diligence Matters in Health Care Acquisitions

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.

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The Traceability of Bitcoin’s Unspent Transaction Output System 

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The Traceability of Bitcoin’s Unspent Transaction Output System 

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.  

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How to Testify as an Expert Witness

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How to Testify as an Expert Witness

At 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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The Dark Nexus of Fraud and Human Trafficking in the Private Sector 

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The Dark Nexus of Fraud and Human Trafficking in the Private Sector 

Tuesday morning of the 35th Annual ACFE Global Fraud Conference, Matt Friedman, CEO of The Mekong Club, an organization of Hong Kong’s leading businesses joined to end all forms of human trafficking, took the main stage. Friedman explored the violent and terrifying reality of human trafficking schemes around the world, including his own interactions with victims and their stories. But, where do we, as fraud examiners, come in? Where do we find the intersection of fraud examination and the dark reality of modern slavery? Friedman says it is not as far as we think. 

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