Managing the Business Risk of Fraud: A Practical Guide (2008) resource White Papers OCEG Reviewed
All organizations are subject to fraud risks. Large frauds have led to the downfall of entire organizations, massive investment losses, significant legal costs, incarceration of key individuals, and erosion of confidence in capital markets. Publicized fraudulent behavior by key executives has negatively impacted the reputations, brands, and images of many organizations around the globe.
Regulations such as the U.S. Foreign Corrupt Practices Act of 1977 (FCPA), the 1997 Organisation for Economic Co-operation and Development Anti-Bribery Convention, the U.S.
Read more
SEC, Anti-Money Laundering (AML) Source Tool for Broker-Dealers (2008) resource Agency Guidances OCEG Reviewed
This research guide, or “source tool,” is a compilation of key AML laws, rules, and guidance applicable to broker-dealers. Several statutory and regulatory provisions, and related rules of the securities self-regulatory organizations (SROs), impose AML obligations on broker-dealers. There is also a wealth of related AML guidance materials. To aid research efforts into AML requirements and to assist broker-dealer compliance efforts, this source tool organizes key AML compliance materials and provides related source information.
Read more
SEC, Anti-Money Laundering (AML) Source Tool for Mutual Funds (2008) resource Agency Guidances OCEG Reviewed
This research guide, or “source tool,” is a compilation of key AML laws, rules, and guidance applicable to “mutual funds” (i.e., open end investment companies as defined in Section 5 (a)(1) of the Investment Company Act of 1940). Several statutory and regulatory provisions impose AML obligations on mutual funds. There is also a wealth of related AML guidance materials. To aid research efforts into AML requirements and to assist mutual fund compliance efforts, this source tool organizes key AML compliance materials and provides related source information.
Read more
EU, Opinion 1/2006 on the application of EU data protection rules to internal whistleblowing schemes in the fields of accounting, internal accounting controls, auditing matters, fight against bribery, banking and financial crime resource International Materials OCEG Reviewed
This opinion provides guidance on how internal whistleblowing schemes can be implemented in compliance with the EU data protection rules enshrined in Directive 95/46/EC.
The number of issues raised by the implementation of whistleblowing schemes in Europe in 2005, including data protection issues, has shown that the development of this practice in all EU countries can face substantial difficulties. These difficulties are largely owed to cultural differences, which themselves stem from social and/or historical reasons that can neither be denied nor ignored.
Read more
International Money Laundering Information Network (IMoLIN) resource Organizations & Associations OCEG Reviewed
The International Money Laundering Information Network (IMoLIN), an Internet-based network assisting governments, organizations and individuals in the fight against money laundering. IMoLIN has been developed with the cooperation of the world's leading anti-money laundering organizations . Included herein is a database on legislation and regulation throughout the world (AMLID), an electronic library, and a calendar of events in the anti-money laundering field.
Read more
Staying Out of Trouble: The Role of a Global Anti-Corruption Program resource Articles OCEG Reviewed
Focus on Financial Statement Fraud: Lessons and Insights resource OCEG Reviewed
Anti-Kickback Act of 1986 resource National Laws OCEG Reviewed
The Anti-Kickback Act of 1986 modernized and closed the loopholes of previous statutes applying to government contractors. The 1986 law attempts to make the anti-kickback statute a more useful prosecutorial tool by expanding the definition of prohibited conduct and by making the statute applicable to a broader range of persons involved in government subcontracting.
DOJ, U.S. Attorneys' Bulletin - Money Laundering (2007) resource Articles OCEG Reviewed
Volume 55, Number 5 (September 2007)
Table of Contents:
Suspicious Activity Reports Disclosure and Protection.
Money Laundering Trends
The Money Laundering Statutes (18 U.S.C. §§ 1956 and 1957)
One-Hour Money Laundering: Prosecuting Unlicensed Money Transmitting Businesses Using Section 1960.
Cash Smuggling.
Sources of Information in a Financial Investigation
Criminal Prosecution of Banks Under the Bank Secrecy Act.
Read more
False Claims Act resource National Laws OCEG Reviewed
The FCA is a civil antifraud statute, providing that any person who knowingly submits or causes the submission of false claims for government funds or property is liable for damages and penalties.
Read more
