Litigation from Europe's Biggest Fraud Continues 15 Years Later
In an interesting turn of events, a bank accused of failing to spot the fraud prevailed as a victim of the fraud instead, and awarded...
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“The Library Card Project”
Since 2015, the European Union has been proactive at setting clear transparency requirements about beneficial ownership for companies...
The Middle East's Continuing Fight Against Dirty Money
From my colleague, Ben Dunlap:
"In response to the FATF’s earlier concerns over resourcing, the new law also requires the FIU to be...
Influx of Suspicious Real Estate Transactions in Toronto
Key Findings of Transparency International Canada's Report:
- Corporate entities have acquired $28.4 billion in GTA housing since 2008. The...
$8B Market Cap
Man, do I love seeing the resurgence of dusty, authentic brands! Congrats to Chip and the Levi team. Well done. Central to the strategy-...
IRS Issues "Dirty Dozen" Tax Scams for 2019
What does tax season mean to you? For fraudsters, tax season means additional opportunities to prey on the majority of Americans who have...
Lessons from Houston - How 'Smart City' Tech Spurs Economic Development And Innovation
Houston was hit by Hurricane Harvey . . . hard. But fortunately, there may be a silver lining in those dark clouds. The city is...
Avoid The Shiny Digital Object (Part 2)
70% of all digital transformation initiatives fail because executives don't spend enough time developing clear priorities for...
Lessons From Oakland - 'Going Digital' Doesn't Have To Be Expensive Or Complicated
'Going digital to improve citizen services' sounds complicated, expensive and technically challenging. But it doesn't have to be so.
A Network of Relationships vs. A Network of Contacts
For the young and inexperienced, your status and the relevance of your network is believed to be determined by quantity – your...
Strategies for Rebranding M&A Companies
Newly formed brands resulting from a merger or acquisition have an opportunity to reinvent their images and present a new face to the...
2018 was a Banner Year for Middle Market PE
Despite hitting several milestones in 2018, U.S. middle market trends in 2019 is not yet clear. It seems that the overall trend continues...
Can Machines Develop Bad Habits? Why AI & ML will Need Better Training in the Case of BSA/AML Data
What happens when instructors train algorithms using the biases inherited from an imperfect system? In the case of BSA/AML - the...
Mobility Startups Attract Big Bucks
Ride the tide for rising capital investment in urban mobility solutions.
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… companies aim to fill the void of broken public transport infrastructure by offering services like self-drive cars or scooters, bike...…
Think Differently
And from the customer perspective, always! Don't fight how she is shopping, leverage it! Nicely done, Kohl's!
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"Think differently." Kohl's knew Amazon was disrupting the retail industry. They knew there was no way to beat Amazon at its own game....…
Conscious Capitalism
It is not only more and more critical to have a "purposeful" purpose when targeting Gen Z, but to be radically transparent about your...
SaaS metrics for Private Equity - Revenue Growth, Sales Efficiency, Churn and Cash Burn
Great article from Scale Venture Partners on the key metrics that a PE investor should look at when investing in SaaS companies. Key...
What Role Do Automated Bond Tracking Systems Play in Detecting Bank Fraud?
As reported in the news, a whistleblower is claiming collusion among major banks to inflate municipal interest rates resulting in $3.6...
CFTC's New Target: Foreign Corrupt Practices In Derivatives And Commodities Markets
Warning to trading companies from the Commodity Futures Trading Commission (CFTC) Head of Enforcement - Get your compliance right....
50 Estate Agencies Raided for Money Laundering
"Last week HMRC raided 50 estate agencies that it suspected of failing to register under anti-money-laundering rules."
As I wrote in
Condos, Casinos, Canada and China
Multiple embarrassing money laundering incidents in British Columbia have moved provincial officials to set up a registry that will...
Student Loan Fraud and the CFPB
As NPR reported in late 2018, "Seeking to 'evaluate the independence and effectiveness' of the federal Consumer Financial Protection...
With Design Thinking, Lean and Agile its "And" not "Or"
With the constant pressure on businesses by customers to evolve and transform, many frameworks and methodologies have emerged to drive...
Regulators Focusing on 529 Plan Fees
After focusing on REITs, variable annuities and mutual funds, regulators and now turning their attention to 529 plan fees. FINRA has...
Beware The 'Artificial Intelligence' Hype In Retail
40% of European "A.I. startups" don't actually use A.I.
Very consistent with my experience talking to U.S. "retail A.I." startups....
U.S. Federal Government Leading In Robotic Process Automation - What Can You Learn From Them?
I talk often of the coming dramatic changes in the next 5-10 years in how government manages and finances itself. One of the key...
Hurricane force growth in the Caribbean banking sector
Last year, Banco Popular – now known as Popular – acquired a portion of Well Fargo’s Auto Finance Business in Puerto Rico. This...
Cutting Jobs During a Downturn Isn’t Always the Answer
OXY CEO, Vicki Hollub, shares how she kept from cutting jobs during the energy downturn. She instead focused her team on innovation and...
What Does Knowing Your Customer and Building Relationships Do for Retail? Apparently, A Lot.
Here’s a story of how a major retailer turned itself around from declining stock prices, beat analyst expectations and overcame one of...
Churn and Retention Metrics in Private Equity SaaS Transactions
High customer churn and long CAC payback can create a big drain on a SaaS company cash flow. So, asking the right questions on customer...
Avoid the Shiny Digital Object
Much of what is written discussing digital transformation in retail suffers from the "shiny object" syndrome. Too many distractions (e.g....
Can We improve Government Performance Without Data? Ummmm, I Doubt It . . .
Governments are awash in detailed data, but are they really collecting and using what can be used to inform and improve policy and...
Women Need a Presence in PE
Friday, March 8 is International Women’s Day. The theme #BalanceforBetter is a call-to-action for driving gender balance across the...
KY & IL, Both Facing Pension Funding Problems, Take Different Paths
Two state governments facing the most significant challenges funding their pensions, Kentucky and Illinois, both appear to be trying to...
Wyoming - Yes, Wyoming - Leads the Way in Public Policy for Blockchain
Wyoming - yes, Wyoming - is in the lead developing the legal and banking framework that will enable the use of blockchain technology....
What Have You Done for Your Customer Lately?
And do you really know who your customer is and what she wants?
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Let this be a lesson to other legacy brands feeling the heat from digital natives. Turnarounds can happen, but it’s got to start by...…
Venezuelan Sanctions and the Crude Advantages to the Region
In 2019, Colombia saw a marked rise in their production and sale of crude oil, which appears to coincide with the free fall of Venezuelan...
No Reservations Needed: Fraud in Temporary Lodging Services
Issues potentially at hand:
- Tax evasion
- Shell companies
- ID fraud
- Circumventing municipal laws
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The crackdown on the empire last month was a milestone in the escalating battle between Airbnb and New York City — the company’s largest...…
Elder Financial Abuse Continues to Grow
Elder financial abuse continues to be a major focus of regulators and institutions alike. Based on the updated information in this recent...
Blockchain Island: EU Lawmakers Speak Out
The lack of appetite for reform is partly due to the fact that some of the 28 EU states “display traits of a tax haven and...
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