How Danske Bank mastered data analytics – 5 June 2018

by admin | Jun 5, 2018 | News & Analysis

Denmark-based Danske Bank Group is using a ‘one-tribe’ approach to push its data analytics strategy in order to improve operations, enhance customer experiences and prevent and detect fraud....

Arms race for surveillance tech in China – 4 June 2018

by admin | Jun 4, 2018 | News & Analysis

Vendors at a recent Beijing exhibition of police equipment were touting surveillance technology that can rip data from phones and even crack Apple’s iOS system. Human rights groups are concerned....

Commonwealth Bank to settle AUSTRAC action for $700 million – 4 June 2018

by admin | Jun 4, 2018 | News & Analysis

AUSTRAC (Australian Transaction Reports and Analysis Centre) took action against CBA  for serious shortcomings in CBA’s anti-money-laundering compliance regime. Most of which related to the bank’s Intelligent Deposit Machines (IDMs)....

Should auditors be held liable if they miss fraud? – 1 June 2018

by admin | Jun 1, 2018 | News & Analysis

A leading global fraud study from the Association of Certified Fraud Examiners (ACFE) reveals that as a means of detecting fraud, external audit only features in 3 per cent of detected fraud cases. AIPI member: Roger Darvall-Stevens explains that the top three methods...

ANZ facing criminal cartel charges by the Commonwealth Director of Public Prosecutions – 1 June 2018

by admin | Jun 1, 2018 | News & Analysis

ANZ is facing criminal charges by the Commonwealth Director of Public Prosecutions over alleged cartel conduct related to a $2.5 billion share placement in 2015....

VOFF alleges that ASIC gave criminal an AFSL – 31 May 2018

by admin | May 31, 2018 | News & Analysis

Victims of Financial Fraud (VOFF) has added to its litany of accusations against the Australian Securities and Investments Commission (ASIC), alleging that the regulator failed to acknowledge that it allowed known criminals into the financial system regarding the Trio...