Data mining helps unscramble complexities of fraud

A mine of information


Almost certainly, a modern bank already possesses most or all of the clues it needs to uncover continuing fraud – the challenge is finding them. Matthew Rees, an assistant director in Ernst & Young's fraud investigation and dispute services department, says the place to start is in the business process itself.

"If you are undertaking a fraud investigation, you need first to understand how the process is supposed to work. One approach used by fraudsters is to rearrange the steps in order to

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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