FSS discovered that a clerk was making personal credit card payments through transactions masked as legitimate expenses within the medical practice’s check register. A review and reconciliation of the canceled checks on the bank statement would have revealed that the payee listed in the check regis...
I’ve seen firsthand how employee fraud can quietly infiltrate—and wreak havoc upon—a business. An employee who embezzles affects a company’s finances and can curdle the corporate culture by breaking bonds of trust among employees, managers, and owners. For...
While the school district’s records were incomplete, the FSS team was able to trace funds and attendance through a maze of sources, including bank records, physical receipt books, registration records, manual attendance records, and other supporting documentation to determine expected tuition and ...
1 private sector bank in Egypt and we have known and interacted with the management team for over a decade. With a market share of around 6% in loans and deposits, we believe there is still significant room for growth. To the credit of its r...
On-Demand Webinar It’s been a busy year for the Verint Fraud and Security team. With BankSec, Engage, and GSX in the books, we’ve covered major ground on discussing the state of the banking industry, and trends in financial security and have provided updates to our extensive portfolio....
Here’s a more detailed glimpse into the process: Following the Money:This entails reviewing the financial records, including bank statements, investment portfolios, real estate documents, invoices, bills and the like to trace assets and determine the sources and uses of funds. ...
Ask a question that confirms what you already suspect: “So, every time I see ‘see detail’ written on the deposit slip, that means you prepared the deposit and took it to the bank?” Step Seven: Move in with the strategic use of evidence ...