Are You a Victim of Employee Fraud? Learn the Top Red Flags

credit card fraud victim

By: Libby C. Neubauer At a glance The main takeaway: Ninety percent of all significant fraud losses are committed by employees, so business owners must educate themselves on the key warning signs to watch for internally. Impact on your business: In order to properly detect a case of employee fraud, owners should know which areas…

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Top Anti-Money Laundering Best Practices for Jewelry Dealers

At a glance All that glitters isn’t gold: The jewelry business is ripe for money laundering. Jewelry dealers can reduce the risk of fraud and comply with regulatory requirements by implementing an anti-money laundering (AML) program. Protect what’s most important: Some jewelry dealers are required to adhere to Section 352 rules under the USA PATRIOT…

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What’s in the Cards for Gaming? Watch Out for These Industry Disruptors

At a glance The main takeaway: Gaming has grown into a billion-dollar global industry, bringing both areas of opportunity and increased risk. Impact on your business: In 2022, be proactive about bolstering your anti-money-laundering program, while preparing for new reporting requirements and opportunities in cryptocurrency. Next steps: To stay abreast of new issues in risk management, it’s smart…

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Part I: Are Your Business’s Intellectual Property Rights Protected?

At a glance The main takeaway: Business owners need to be more vigilant about protecting their intellectual property (IP) in today’s digitally driven world, in which infringement can be harder to detect. Impact on your business: In part one of our two-part series on IP infringement, we provide a baseline introduction to some of the most common…

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Catch Them if You Can: Fraud in the Film Industry

At a glance: The main takeaway: The film industry creates an environment that is uniquely vulnerable to fraud – especially tax-related fraud schemes like tax evasion and payroll fraud. Be aware: Know the signs of fraud in the film industry so you can protect yourself. Knowing what to look for means you can implement controls that stop…

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Building a Better AML Program for Money Services Businesses

At a glance: The main takeaway: Businesses that provide any kind of financial services are subject to strict anti-money laundering (AML) regulations, including Money Service Businesses, or MSBs. Impact on your business: If your business qualifies as an MSB, failure to build an effective and compliant AML program could result in steep legal and financial repercussions. Next…

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Before Offering Cryptocurrency as a Payment Option, There Are Pros and Cons to Consider

At a glance The main takeaway: Given its recent surge in popularity, businesses and banks may be considering accepting cryptocurrency as a form of payment from their customers. Impact on your business: Though there are several benefits to accepting cryptocurrency from a competition and customer satisfaction perspective, the decision also comes with risks you need to plan…

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