Let's Provide Anti-Fraud Training to Possible Sentinels

Let's Provide Anti-Fraud Training to Possible Sentinels

Intuition. It drives fraud examiners in their daily pursuits to uncover or prevent fraud in their organizations. But CFEs are trained to do this work. Tyler Shultz, our 2019 Sentinel Award winner, wasn’t a CFE. He was a young, idealistic, budding scientist who helped unravel one of the most prolific frauds in years. His intuition led him to start questioning what was going on at Theranos, a blood-testing company founded in Silicon Valley. He knew his test results and observations didn’t match what the company was publicizing. He suspected Theranos CEO Elizabeth Holmes wasn’t being completely truthful.

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Honoring a Fallen Whistleblower and a Living Torchbearer

Honoring a Fallen Whistleblower and a Living Torchbearer

"The bravest man I’ve ever known.” This description of Sergei Magnitsky by Bill Browder, a keynoter at the 30th Annual ACFE Global Fraud Conference, June 23- 28 in Austin, provides a poignant insight into the life of an internationally known whistleblower who dared to take on corruption within the Russian government.

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New Survey: Building Trust the Main Benefit of a Whistleblowing Program

New Survey: Building Trust the Main Benefit of a Whistleblowing Program

Through WhistleB’s annual survey on organizational whistleblowing, we ask our customers about how they use their whistleblowing system and the outcomes that arise from having a secure, digital whistleblowing system in place. These are some of the key findings:

  • An increased number of whistleblowing reports received.

  • Almost a third of all cases related to fraud, economic crime or money laundering.

  • The whistleblowing channel seen as a key tool for building trust.

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To Be or Not to Be a Whistleblower?

To Be or Not to Be a Whistleblower?

Whistleblowers across the European Union (EU) have won greater protection under landmark legislation aimed at encouraging reports of wrongdoing. According to the BBC, “The new law, approved by the European Parliament, shields whistleblowers from retaliation and creates "safe channels" to allow them to report breaches of EU law. It is the first-time whistleblowers have been given EU-wide protection.

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Australia Takes a Big Step Forward in Whistleblower Protection

Australia Takes a Big Step Forward in Whistleblower Protection

After years of working with these issues on a global scale, we are happy to see Australia becoming the next in an increasingly longer line of jurisdictions moving to enhance the protection of whistleblowers. The Australian Senate recently adopted the Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2017. According to the Explanatory Memorandum, the new laws will affect approximately 33,000 companies in Australia. Costs of non-compliance can be high, including criminal prosecution and million-dollar fines.

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