Follow the money
Follow the money is often used to describe how you will eventually determine what is happening in a situation which does not meet normal practices of responsible money management and accounting. What are the irregularities and unusual patterns you are detecting through investigation of the money flow? This LinkedIn post does a good job explaining […]
Democracy Watch’s Duff Conacher calling for bank accountability
The case here with the BC couple losing $17,000 points out why other counters are being more proactive to protect financial consumers from losing their money. The comment from Duff Conacher in this Global News story is valid and something the federal government needs to consider implementing in developing its new national antifraud strategy. It […]
Using a wire can have dire consequences
At a fraud prevention webinar put on a few years ago by the Nova Scotia chapter of the Canadian Association of Retired Persons (CARP) the veteran RCMP officer, who was part of the presentation, made a telling comment at the end of it. He said if you want a telltale sign that you may be […]
Stop fraud before it gets to a STR report
You want to keep the customer’s journey as incident free as possible, so the customer is protected, and their money is not diverted from your financial institution into proceeds of crime. The often-stated phrase that it is a journey, not a destination, should apply here in that your money should never be destined to get […]
How Fifth Third, Star One are fighting elder fraud
The regional bank and California credit union are implementing strategies aimed at detecting scams earlier and being more proactive. Published June 18, 2026 Banks and credit unions are bolstering their scam defenses through hiring and new services and tools, as they grapple with an increase in scams targeting older customers. Fifth Third has expanded its […]