Archive for August 2024
Understanding the Basics of Financial Fraud Investigations
Financial institution fraud is a growing threat in today’s complex financial landscape. As transactions become more sophisticated, so do fraudsters’ methods. There is no single reason behind the occurrence of fraud. During my forty-year career, I have often found that fraud is committed due to weakness in a company’s operations. I have also seen that…
Read MoreBanking Failures – Legal Consequences
In the spring of 2023, the banking regulators took control of several high-profile banks. These actions created many flashbacks for me as a former federal regulator for commercial banks and savings and loan associations. During this period, it was popular to say that the banks were bailed out when nothing could be further from the…
Read MoreWho’s in Charge?
With all the competing priorities being placed on corporate America, it seems as if the goals and objectives of running a profitable and prudent governance-focused organization are becoming increasingly difficult. At one time, the success of operating a business was based on the following; In looking at these factors, it has been interesting to note…
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