Tag: Oversight Systems
Agro Exec In Washington State Accused Of Stealing Half A Million By Using Non-Preferred Travel Management Company
[UPDATE, July 8, 2021: Claypool on Wednesday was sentenced to three years in federal prison. He agreed to forfeit $7.8 million in “criminally derived proceeds”…
How To Break The Bond Between Corporate Travel Management And International Criminal Activity
It was a record year for U.S. federal prosecution of corruption and fraud. The Justice Department Criminal Division in 2019 charged more individuals, and secured…
Why Use AI For Audits? ‘The Mind Gets Trained To Have A Positive Bias’
The number of fraud examiners using artificial intelligence and machine learning to detect and deter fraud is expected to triple in the next two years….
Fraudsters Busted For Stealing $1 Million Through T&E Card, Expense Processes
A Connecticut woman this week pleaded guilty to embezzling more than $1 million from her company during a three-year period to 2016 by exploiting payment…
AppZen: AI For The Back End
You probably won’t find “auditing expense reports” on a list of tasks humans are sorry to see go to bots. Sensing an opportunity in this…
Big T&E Fraud Cases Serve As Reminder Of The Many More Small Ones
A once prominent physician is due Dec. 4 at a medium-security prison in Otisville, N.Y., to serve a 366-day sentence for unlawfully obtaining more than…
Privacy Shield Alive For Now As Europe, U.S. Set Annual Review
[UPDATE, Oct. 25, 2017: The European Union affirmed the Privacy Shield framework following its first annual review. It announced some recommendations about how companies should…
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