NEW YORK (Thomson Reuters Regulatory Intelligence) - The Financial Industry Regulatory Authority’s $1.25 million fine levied against a J.P. Morgan Chase & Co unit for lapses in background checks shows the importance to compliance of ensuring proper employee screening. FINRA fined J.P. Morgan Securities for incomplete...
KOTA KINABALU: Two people held over the Sabah Railway graft probe who were released on bail yesterday were rearrested the same day over a new case involving railway projects worth about RM56 million, according to a source. The source said they were rearrested between noon and...
ALOR SETAR: About 200 guests, including several VIPs and retired civil servants from various states, attended a four-hour investiture ceremony at a hotel here which saw 95 people being awarded various medals and titles. It was all fake. Soon after the “investiture” ceremony, police raided and...
MALACCA: The police and Higher Education Ministry are investigating a scam in which students used faked SPM results to gain admission into Egyptian universities. At least 61 students who allegedly forged or altered their 2010 to 2012 SPM results to qualify for their tertiary studies in...
PETALING JAYA: A syndicate operating in Puchong, Selangor, has been selling fake academic scrolls to the public, according to an expose by the China Press yesterday. A reporter from the newspaper went undercover as a potential buyer and contacted the syndicate that had been blatantly promoting...
When you receive a job offer there is often a line in the offer letter that says, "This offer is contingent upon completion of a successful background check." Just what is involved in that? What can you expect to be uncovered? Many people are concerned that...
Bank Negara has proposed rules to tighten the financial industry’s employee screening FINANCIAL regulators are talking about apples quite a bit these days. Actually, it’s “rolling bad apples” that they refer to and often in a cautionary tone, conjuring up an image of fruits bobbing around...
KUALA LUMPUR: The Higher Education Ministry is seriously taking steps to curb the usage of fake academic titles such as Dr, PhD, professor and Ir, among university lecturers. Its minister, Datuk Seri Idris Jusoh said the importance of integrity should continue to be maintained in higher...
KUALA LUMPUR: People desperate for employment or better salaries have resorted to buying fake degrees. Checks by theSun showed some 9.6 million hits on Google which displayed various methods of buying the certificates needed. Using aliases, the seller would display a Gmail account for "those interested in...
“I don't know how it is in your jurisdictions, but in Austria and Germany, there’s a good culture of trust,” said Bernhard Maier, CII, director of BM-Investigations E.U., at the 2017 ACFE Fraud Conference Europe. “We prefer to trust people. And it’s a convenient way,...