Navigating Dangerous Waters

Guest BloggerClarisse Persia, CFESince the 15th century, the maritime industry has flourished thanks to the trade of exotic spices and later the slave trade. In the 17th century the establishment of the Dutch East India Company (VOC), the world's first multinational corporation, privatized maritime trade, bringing the logic of profit to the seven seas. According to the UN Conference on Trade and Development, in 2023 maritime trade accounted for over 80% of international trade, carried out by vessels flagged and owned by different countries and manned by international crews. The multiple jurisdictions involved and the distance to land contribute to…
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The FTC’s Battle Against Impersonation Fraud in the Digital Age

Laura Harris, CFE ACFE Research Specialist The days of the funny prank phone calls are over. Yes, our refrigerators are running. No, we do not need to catch them. Lately, we are more concerned about robocalls impersonating President Biden, or other government officials, sowing bad advice and/or attempting to scam any earnest listeners.  In February, the Federal Trade Commission (FTC) stated that it is “committed to using all of its tools to detect, deter and halt impersonation fraud” and opened up for commentary on a Supplemental Notice of Proposed Rulemaking (SNPR). The proposed supplements would allow the FTC to more effectively…
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Proactive Shields: Strengthening Preventive Strategies Against Product Diversion in India’s Pharma Industry

GUEST BLOGGER Anuj Choudhary, CFE The Indian pharmaceutical sector is increasingly facing a formidable challenge — the diversion of institutional drugs to retail markets. This issue, predominantly orchestrated by sales representatives and stockiest, is eroding market integrity and posing risks to public health and ethics. Institutional drugs, usually offered at significant discounts to healthcare facilities, are being diverted to retail markets for higher profits. This trend not only incurs financial losses but also contributes to corruption in the retail sector. This blog is a follow up to the previous insight published in May 2023 on ACFE Insights and focuses on…
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