Watch your step

“Terrorists are effectively using the Internet banking system for financing their operations. Money is easily transferred from the various destinations of the legitimate businesses to the accounts of the terrorist. They prefer this because of the secrecy and anonymity they can maintain with their banking operations,” says Mayur Joshi, Founder and Director, Indiaforensic Consultancy Services. […]

Expectations of Forensic Professionals from Linkedin

LinkedIn is facing the two biggest problems that all social networks face, competition for eyes and how to monetize. Social Networking is full of competition and Facebook and Twitter are mega competitors.Another competitor is Branchout, which bills itself as the leading professional network on Facebook, and publishes a Facebook app. It has more than 25 […]

Antifraud community Integration with Linkedin

In my previous article, in the series of Linkedin for anti-fraud professionals, i mentioned about the company i found on iStart.Company which started as the anti-fraud social media converted itself to e-commerce company. Their reasons were quite obvious. Social media requires long term funding support where as e-commerce site helps in quick realization of income. […]

RBI Circular on forensic auditing

On 16th September’2009, Reserve Bank of India issued a circular to the Chairmen and the CEO’s of the banks. RBI has expressed serious concerns about the deteriorating quality of the assets. While discussing certain cases of frauds of exceptionally large amounts, the Board for Financial Supervision (BFS) has expressed grave concern that fraudsters with the […]

AML related RBI notifications

  Notifications issued by RBI 05.11.2009 – CFT- Unlawful Activities (Prevention) Act, 1967 – Obligation of RRBs 29.10.2009 – CFT- Unlawful Activities (Prevention) Act, 1967 – Obligation of State and Central Co-operative Banks 30.09.2009 – KYC / AML Standards / CFT / Obligation of State and Central Co-operative Banks 29.09.2009 – KYC Norms / AML Standards and obligation of […]

Corporate Corruption can kill the business

“After completing my education, I practiced law in the Washington D.C. office of WilmerHale, an international law firm of 1200 attorneys, where I represented Fortune 500 companies in securities fraud investigations and litigation.” Dr. Andrew Spalding revealed to Riskpro team in the Fraud, Forensics and Corruption Symposium. Dr. Spalding is the Nehru-Fullbright Scholarship winner and […]

Kammer, World Bank and Indian frauds

“I participated to Indiaforensic’s (IF) fraud conference in June 2008, and, despite IF being a young organization, I was extremely impressed by the capacity and maturity of its staff. I had the privilege of sharing the podium with first class speakers from some of India’s main corporations, currently operating on global markets. In addition, the […]

ACFE CEO Speaks to Fraudtoday

“The world continues to get smaller due to advances in technology.  Companies will continue to expand globally.  You can be a small, one-person company at home in India and sell to a company in Europe with nothing more than a computer.  Unfortunately, the differences in legal systems are probably the global fraudsters’ greatest friend.  We […]