Tag Archives: fraud

Whistleblowers: You Know they Make Sense if You’re a Regulator!


The FCA published last week new rules on whistleblowing. The key requirements of the new rules are to: appoint a senior manager as their whistleblowers’ champion put in place internal whistleblowing arrangements able to handle all types of disclosure from … Continue reading →

Our Scariest Fidelity Risk – When Employees Collude in Fraud

Scariest risks 2014

Most companies believe their internal controls and procedures are adequate and will reduce the likelihood of fraud occurring. However, many companies continually grow and change, forgetting to test and adjust internal controls along the way. One client of mine relied … Continue reading →

Scariest Risks of 2014

Scariest risks 2014

As risk advisors, WillisWire bloggers tend to think less of ghouls and goblins during the Halloween season than of the frightening real risks our clients face. This year they faced more than their share of new ones, with ISIS, Ukraine, … Continue reading →

Best Practices for Approaching the F-word in Workers Comp (a.k.a. Fraud)

Wheelchair fun

Workers comp fraud is estimated to cost insurers/employers over $7.2 billion annually, large enough to rank among the Fortune 500 if it were a legitimate business. Whatever the  numbers, workers’ compensation fraud is not just a cost borne by insurers. … Continue reading →

When can Directors’ Crimes be Attributed to the Companies on Whose Boards They Sit–And Does it Matter?

Board in Jail

This is a question with which English law has had to grapple on many different occasions and in many different contexts, both civil and criminal. It is even directly relevant to D&O insurance since it can mean the difference between … Continue reading →

Reports of Fraud Increase, Whistleblowing Study Finds

Furtive Phone Call

A recent annual study on emerging best practices for hotlines to address organizational misconduct found some thought-provoking trends for those interested in corporate governance. Most U.S. public companies, some of whom are motivated by the SEC’s bounty program, but also … Continue reading →

Podcast: Avoid Becoming the Victim of Fraud

WillisWire Podcasts

In the third and final podcast in WillisWire’s series on fraud risk, a panel of leading experts discuss what companies can do to protect themselves from fraud. Podcast: Play in new window | Download (3.4MB) Continue reading →

5 Financial News Stories You May Have Missed: Certifiable

5 Financial News Stories

This week: The Supreme Court, SEC, fraud statute of limitations, class actions, vanishing small banks, and Henry V. Continue reading →

Horsemeat Contamination in the Supply Chain


The horsemeat food scandal in the UK underscores the need for supply chain insurance products which provide adequate protection for quality issues. Continue reading →

JOBS Act Update: Penny Stock, Pound Foolish

Penny Wise

Last month, the SEC brought its first charges of securities fraud and an order to halt sales of the stock of a JOBS Act-traded company, Caribbean Pacific Marketing. Continue reading →