Unforeseen circumstances can throw even the savviest organization into a tailspin. And risks can only be managed if they are known. The professionals comprising White Collar Forensic have been helping clients and their counsel manage their response to emergent situations for decades. Whistleblower investigations, forensic accounting analyses, device imaging and email managed reviews are frequently a part of an organization’s response to the unforeseen. Investigations expose shortcomings in compliance programs and internal controls. And the government needs to know the results of the investigation AND what you have done to remedy those shortcomings. Resilient organizations carefully consider the risk of financial crime, corruption and other white-collar crimes when developing their strategic plan. In fact, many organizations became resilient after having successfully navigated a crisis. WCF has extensive experience with high stakes investigations, compliance remediation assignments and pursuing avenues of recovery including asset investigations and supporting insurance claims resulting from white collar crimes.
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https://lnkd.in/egxGQ7Xe ⛈️ This is one of those things that signals bad things to follow. Outside auditors don't resign audits lightly. Maintaining the client at all costs being the prime directive at Big 4 firms. Except when doing so puts the auditing firm itself at risk. 🤔 Should be interesting to see what comes next.
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"The United States relies on space systems for all 16 critical infrastructure sectors. Similarly, some of the world’s most fundamental industries rely on space systems—including banking, defense, agriculture, manufacturing, and health care." https://lnkd.in/e-bAf-w5
https://lnkd.in/epdE65qC no “The criminal investigation … is looking at whether the cryptocurrency has been used by third parties to fund illegal activities such as the drug trade, terrorism and hacking—or launder the proceeds generated by them.”
🎙️ Frank Figliuzzi has become one of my favorite guests on the #FraudEatsStrategy podcast having been the sole guest now on two episodes. In this latest episode - The Existential Threat of China - he paints a vivid picture of the threat that the Chinese Communist Party poses to our most valuable intellectual property and how to try to lock it down.
https://lnkd.in/ga2XZdXi 🕵🏽♂️ The Central Intelligence Agency’s top cyber official uses this analogy to compare the cyber threats posed by Russia and China. 🌀 “Russia and Putin are like a massive hurricane that can have very long-lasting damage and impact. But the People’s Republic of China is like climate change with the potential for an epic event that could change lives." 💥 If your organization has valuable intellectual property that needs to be protected, you should listen to the latest episode of the #FraudEatsStrategy in which we talk to former head of the FBI's Counterintelligence Division Frank Figliuzzi about Chinese economic espionage and how to counter it. https://lnkd.in/exb_Prg8 #EconomicEspionage #IPTheft #DataLossPrevention #DataTheft Kevin Cearlock
White Collar Forensic LLC reposted this
https://lnkd.in/ga2XZdXi 🕵🏽♂️ The Central Intelligence Agency’s top cyber official uses this analogy to compare the cyber threats posed by Russia and China. 🌀 “Russia and Putin are like a massive hurricane that can have very long-lasting damage and impact. But the People’s Republic of China is like climate change with the potential for an epic event that could change lives." 💥 If your organization has valuable intellectual property that needs to be protected, you should listen to the latest episode of the #FraudEatsStrategy in which we talk to former head of the FBI's Counterintelligence Division Frank Figliuzzi about Chinese economic espionage and how to counter it. https://lnkd.in/exb_Prg8 #EconomicEspionage #IPTheft #DataLossPrevention #DataTheft Kevin Cearlock
https://lnkd.in/ga2XZdXi 🕵🏽♂️ The Central Intelligence Agency’s top cyber official uses this analogy to compare the cyber threats posed by Russia and China. 🌀 “Russia and Putin are like a massive hurricane that can have very long-lasting damage and impact. But the People’s Republic of China is like climate change with the potential for an epic event that could change lives." 💥 If your organization has valuable intellectual property that needs to be protected, you should listen to the latest episode of the #FraudEatsStrategy in which we talk to former head of the FBI's Counterintelligence Division Frank Figliuzzi about Chinese economic espionage and how to counter it. https://lnkd.in/exb_Prg8 #EconomicEspionage #IPTheft #DataLossPrevention #DataTheft Kevin Cearlock
➿ Investigations Rarely Follow a Straight Line ❗ And most organizations don't have all of the resources, skillsets or technology needed to conduct a comprehensive internal investigation that meets the expectation of law enforcement, regulators, insurers or outside auditors. 🕵🏽♀️ Turnkey or Co-Sourced Investigations 👔 White Collar Forensic LLC's team of practitioners are former FBI, IRS, Postal and Inspectors General, AUSAs and ADAs, chief compliance officers, anti-money laundering, anti-corruption and sanctions counsel, forensic accountants and SEC examiners. We have more years of experience than we're willing to admit, have investigated every conceivable type of matter, seen everything and have travelled everywhere imaginable in the pursuit of the answers our clients need. ✋🏽 And our promise to you is simple. You will get an all-star team of practitioners every time. No exceptions. The people in the proposal are the people who show up at your offices, do the work, interact with your attorneys, law enforcement, regulators and insurers. Every time. 🍽️ If you've got a lot on your plate and could use some help with an investigation or a compliance remediation project, we would love to hear from you. https://lnkd.in/exb_Prg8
https://lnkd.in/eaZbex6w "The charges against Toledo emerged after Odebrecht admitted to paying almost $800 million in bribes to officials across several countries in South America and the Caribbean to win large public-works contracts. In 2016, the company signed the largest anticorruption settlement in Latin America’s history. Odebrecht is now known as Novonor."
White Collar Forensic LLC reposted this
https://lnkd.in/eRyfEeNu "Fraudsters who committed crimes because of crushing debt don’t usually represent an attractive option when it comes time to seek financial recovery. Third parties sometimes do."
https://lnkd.in/e_rB-rfj 🤣 I find Jim Richards' posts on anti-money laundering entertaining. He pokes bank regulators and banks in the eye in equal measure. No one is spared his rebukes. He is also very credible and knowledgeable and his posts help advance the anti-money laundering conversation. ⚖️ I don't know if I can accurately answer the question if SAR lookbacks provide law enforcement with useful information but I'll try. 💱 Jim cites some anecdotal conversations he had with an IRS-CI agent in which the agent said that they already knew about the 12 Casas de Cambio that were at the center of the Wachovia Bank lookback. Under that scenario, filing SARs after the fact are probably not that useful. Although SARs can provide a level of detail to investigators that may not yet have access to. Most notably, counterparties to transactions leading to the identification of other organizations and individuals who are customers of the money launderers or participating in the placement, layering and integration of the illicit money being laundered. 💥 In situations in which Lookbacks reveal criminal organizations, their money laundering techniques and coconspirators, these SARs are extremely valuable and propel the law enforcement mission forward. 🚨 Law enforcement agents are able to query FinCEN's database looking to see if there have been any SARs filed on their investigative subjects, known associates and business and banking relationships. If an agent receives information from an informant that a drug lord has recently been involved in trade-based money laundering through a chain of appliance stores that he owns, that agent may then query FinCEN and see that the appliance store chain has been the subject of several SARs involving large cash deposits. 🕵🏽♂️ Does every SAR that gets filed get looked at by law enforcement? No. Does the fact that FinCEN maintains a database of the many millions of SARs filed by banks propel the law enforcement mission? Without question.