Search Results for: Canadian

The potential benefits and risks posed to AML systems by quantum computing are becoming clearer, as more powerful and efficient quantum computing systems are developed.

Quantum systems draw processing strength from exploiting how quantum states involve superposition (a particle inhabits two or more places at the same time) and entanglement (two or more particles influence each other), to make quicker and larger calculations.…

Time was that whistleblowing laws were a novelty. No longer – they are increasingly commonplace in developed economy jurisdictions and offer a widening range of protections.

Take the USA. A bipartisan bill was proposed in March (2023) by Republican Senator Chuck Grassley and Democratic Senator Elizabeth Warren to strengthen whistleblower protections at the US Securities and Exchange Commission (SEC).…

The advent of large language model (LLM) artificial intelligence systems such as ChatGPT could be a major boon for anti-fraud professionals – but as with any innovative technology, it must be handled with care as the risks are assessed, experts warn.…

Increasingly sophisticated fraud and money laundering are growing concerns in the commercial crime world, with the need to innovate to tackle diverse threats being underlined at the Association of Certified Fraud Examiners (ACFE) global conference. Keith Nuthall and Andreia Nogueira report

Speaking at the June 12-15 conference’s keynote session, ACFE CEO Bruce Dorris said commercial crime specialists needed to continue honing their skills as risks develop: “We must rise; we must inspire; we must innovate.…

The establishment of Study in Greece (SiG) as a national agency supported by Greek state is the latest step in an ongoing process to unlock a world of educational possibilities and deepen international collaboration to revitalise higher education in the country.…

Experts at the recent global Association of Certified Fraud Examiners (ACFE) conference in Seattle have been stressing the potential that crypto blockchains offer in tracking commercial crime – but more comprehensive regulation would aid probes. Keith Nuthall and Andreia Nogueira report.…

The use of money mules moving dirty money worldwide continues to grow, with law enforcement, financial institutions and researchers continuing to highlight the problem. In the UK, 31,979 money mule cases were recorded in 2017; rising to 40,129 in 2018; 42,900 in 2019; and 40,353 in 2020; according to 2022 research published in the International Journal of Business and Economy (1).…

Human trafficking and modern slavery have grown exponentially in recent years: in 2021, 50 million people worldwide were estimated to be living in modern slavery, 10 million more than in 2016, according to the International Labour Organisation (ILO). (1) These crimes – sometimes referred to with the acronym HT-MS – are extremely profitable, ahead of narcotics and arms trafficking, according to Tarana Baghirova, programme officer at the Organisation for Security and Co-operation (OSCE) in Europe.…

While the benefits of implementing artificial intelligence (AI) into the paints and coatings industry are well accepted, from the deployment of painting robots to achieve better vehicle finishes in the automotive manufacturing industry, and even consistent production of paint itself, the latest range of chat-based AI tool offers additional benefits say experts.…

The Canadian auto sector and governments appear united in saying the huge subsidies sunk into securing a Canadian dollars CAD7 billion (USD5.1 billion) Volkswagen battery plant in St Thomas, southern Ontario, make good commercial and economic sense.

The level of financing could indicate what the Canadian and Ontario governments will have to spend to persuade Stellantis to restart stalled work at its planned battery manufacturing plant in Windsor, across the border from Detroit.…