News & Analysis as of

Fraud Risk Management

Fraud is the making of false representations or engaging in deceptive behavior in order to unlawfully secure financial or personal gain. 
Eversheds Sutherland (US) LLP

FINRA signals heightened focus on senior investor protection

On July 15, FINRA’s Investor page featured an article titled “Protecting Older Investors From Financial Exploitation,” signaling a renewed and strengthened focus on safeguarding senior investors—an issue FINRA has long...more

Williams Mullen

Email Payment Scams: Assume the Worst

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Cybercriminals will continue intercepting electronic fund transfers (EFTs) until EFT participants slow down, read, and ask questions, particularly in response to emails requesting last-minute changes to payment methods (e.g.,...more

Neal, Gerber & Eisenberg LLP

AI and Social Engineering Practice Tips

The hospitality industry faces mounting cybersecurity challenges as artificial intelligence (AI) enables increasingly sophisticated social engineering attacks targeting hotels, resorts, and travel service providers. Threat...more

Troutman Pepper Locke

Understanding BBB Ratings: Building Trust and Mitigating Risks — Regulatory Oversight Podcast

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In this episode of Regulatory Oversight, we kick off a two-part series on the Better Business Bureau (BBB). Stephen Piepgrass, Michael Yaghi, and Dan Waltz explore the significance of the BBB for businesses, particularly in...more

Proskauer - California Employment Law

Defendant Bore Risk Of Loss Due To Fraud When It Wired Settlement Proceeds To Imposter

Thomas v. Corbyn Restaurant Dev. Corp., 111 Cal. App. 5th 439 (2025) - The parties involved in this personal injury lawsuit settled the case for $475,000. An unknown third-party purporting to be plaintiff’s counsel sent...more

Roetzel & Andress

$44 Million Scam Demonstrates Dangers of Navigating the Publishing Industry Without Legal Counsel

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A federal grand jury has charged three individuals with orchestrating a publishing and media scam that defrauded more than 800 authors of over $44 million. The case serves as a stark reminder of the legal risks authors face...more

Lathrop GPM

Liability Considerations for Developers and Users of Agentic AI Systems

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What Are Agentic AI Systems? Agentic AI systems are artificial intelligence technologies that: ..Operate autonomously, ..Adapt to changing environments, and ..Execute multi-step tasks based on user input or...more

Greenbaum, Rowe, Smith & Davis LLP

Navigating New Jersey’s Medical Spa Regulatory Landscape: Key Compliance and Risk Management Considerations

The medical spa industry is thriving, but with growth comes complexity, particularly in New Jersey where healthcare and professional licensing rules intersect with business and real-estate regulations. For physicians, nurses,...more

Baker Botts L.L.P.

Beyond the Fine: What Financial Gatekeepers Must Learn from Interactive Brokers’ OFAC Settlement

Baker Botts L.L.P. on

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has significantly increased its focus on sanctions compliance for “financial gatekeepers,” including financial institutions and other firms...more

Felicello Law PC

When Do You Have a Duty to Blow the Whistle? (And Call a Lawyer!)

Felicello Law PC on

No one wants to be a “snitch” – snitches get stiches, right? But protecting wrongdoers with silence can cause serious harm. That’s why consumer advocate Ralph Nader popularized the term “whistleblower” in the 1970s, to cast a...more

ArentFox Schiff

Navigating OIG’s Advisory Opinion on Medical Device Billing Arrangements and Anti-Kickback Statute Risks

ArentFox Schiff on

On July 1, the US Department of Health and Human Services’ Office of Inspector General (OIG) released Advisory Opinion No. 25-08, issuing an unfavorable determination regarding a proposed arrangement in which a medical device...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: July 22, 2025, The I-9 Hell Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance...more

Pillsbury Winthrop Shaw Pittman LLP

New UK Corporate Offense of “Failure to Prevent Fraud” Under Economic Crime and Corporate Transparency Act 2023: What Companies...

On September 1, the new Failure to Prevent Fraud offense will come into force, which has extraterritorial effect and significantly expands corporate liability for nine types of fraud committed by associated persons. The UK...more

Orrick, Herrington & Sutcliffe LLP

CFTC Commissioner discusses AI uses in financial services

On July 14, the Commissioner of the CFTC, Kristin Johnson, spoke at an international regulators roundtable to discuss AI in the financial services sector and emerging cyber risks. The Commissioner’s speech highlighted AI’s...more

Mogin Law LLP

Antitrust Enforcers Renew Call for Whistleblowers

Mogin Law LLP on

The Justice Department’s Antitrust Division has announced a new Whistleblower Rewards Program, offering incentives to individuals to report “antitrust crimes and related offenses that harm consumers, taxpayers, and free...more

Robinson+Cole Data Privacy + Security Insider

June Sees Significant Jump in BECs

According to Cybersecurity Dive, “Americans lost $16.6 billion to cyber fraud and internet crimes last year (2024), up 33% from the previous year. Phishing, spoofing and extortion topped the list of complaints, but investment...more

Foodman CPAs & Advisors

Tres formas en que la auditoría forense fortalece la integridad institucional

En el entorno actual de cumplimiento de alto riesgo, se espera que las instituciones financieras entreguen más que resultados. Deben demostrar una rendición de cuentas que sea verificable y lista para auditorías. Esto es...more

Foodman CPAs & Advisors

Three Ways Forensic Reporting Builds Institutional Integrity

In today’s high-stakes compliance environment, financial institutions are expected to deliver more than results. They must demonstrate accountability that is both verifiable and audit-ready. This is especially critical for...more

Buchalter

Navigating PERM Recruitment and Deterring False Personas in the Age of AI

Buchalter on

The PERM labor certification process has always demanded meticulous attention to detail, rigorous documentation, and unwavering compliance with Department of Labor (DOL) regulations. In today’s digital age, as AI-powered...more

Clark Hill PLC

Key lessons on the False Claims Act for government contractors after Raytheon’s $8.4 million settlement

Clark Hill PLC on

Government contractors should be on high alert following the recent announcement that Raytheon Company, its parent RTX Corporation, and Nightwing Group, LLC, have agreed to pay $8.4 million to resolve allegations of violating...more

Phelps Dunbar

DOJ Expands Whistleblower Rewards to Include Immigration Violations

Phelps Dunbar on

Since May 12, when the U.S. Department of Justice (DOJ) announced policy changes to the Corporate Whistleblower Awards Pilot Program (CWAP), employers now face increased scrutiny and potential risks due to the DOJ’s recent...more

Goodwin

The UK’s Failure to Prevent Fraud Offence: Private Fund Managers, Portfolio Companies, and Placement Agents

Goodwin on

In a previous alert titled “UK Limited Partnership Reform Becomes Law: A Practical Guide of How Best to Get Ready to Comply,” we discussed the changes to limited partnership law ushered in by the Economic Crime and Corporate...more

BCLP

Proceed at Your Own Risk: Steps to Protect Confidential Information and Public Disclosures

BCLP on

Public companies regularly face challenges in protecting confidential information relating to material announcements of corporate developments as well as financial results and other events. For example, recently, the U.S....more

Thomas Fox - Compliance Evangelist

Daily Compliance News: July 14, 2025, The Secret Business Sauce-Reading Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News....more

Thomas Fox - Compliance Evangelist

Adventures in Compliance: The Novels – The Hound of the Baskervilles: Uncovering Compliance – Lessons from The Hound of the...

In this new season of Adventures in Compliance, host Tom Fox takes a deep dive into the Sherlock Holmes novels. Over this season I will take a deep dive into each novel over a four part series. The four novels we will...more

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