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Listen "Vince Walden on Leveraging AI and Machine Learning for Fraud Detection"
Episode Synopsis
Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, Tom Fox welcomes back Vince Walden, CEO of konaAI, a Covasant company.
In this podcast, they take a deep dive into the UK’s Failure to Prevent Reporting (FTPR) offense, particularly in the context of vendor interactions and employee-third-party relations. Walden advocates for the implementation of robust compliance and fraud risk management programs, leveraging AI and machine learning to detect high-risk transactions and enhance business efficiency. He also highlights the global relevance of regulations like the UK Economic Crime and Corporate Transparency Act, stressing the necessity of robust fraud prevention measures to ensure compliance in a rapidly evolving legal landscape.
Key highlights:
Addressing Various Fraud Offenses Under ECCTA
Effective Fraud Prevention Procedures for Compliance Programs
Enhancing Fraud Risk Analysis in Financial Processes
Enhancing Fraud Detection Through Risk Assessment
Resources:
Vince Walden on LinkedIn
konaAI, a Covasant company
Click here for the konaAI White Paper Rethinking Compliance: Practical Steps for Adapting to the UK’s New Fraud Legislation.
Tom Fox
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Facebook
YouTube
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LinkedIn
For more information on the use of AI in Compliance programs, my new book, Upping Your Game. You can purchase a copy of the book on Amazon.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
In this podcast, they take a deep dive into the UK’s Failure to Prevent Reporting (FTPR) offense, particularly in the context of vendor interactions and employee-third-party relations. Walden advocates for the implementation of robust compliance and fraud risk management programs, leveraging AI and machine learning to detect high-risk transactions and enhance business efficiency. He also highlights the global relevance of regulations like the UK Economic Crime and Corporate Transparency Act, stressing the necessity of robust fraud prevention measures to ensure compliance in a rapidly evolving legal landscape.
Key highlights:
Addressing Various Fraud Offenses Under ECCTA
Effective Fraud Prevention Procedures for Compliance Programs
Enhancing Fraud Risk Analysis in Financial Processes
Enhancing Fraud Detection Through Risk Assessment
Resources:
Vince Walden on LinkedIn
konaAI, a Covasant company
Click here for the konaAI White Paper Rethinking Compliance: Practical Steps for Adapting to the UK’s New Fraud Legislation.
Tom Fox
YouTube
For more information on the use of AI in Compliance programs, my new book, Upping Your Game. You can purchase a copy of the book on Amazon.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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