Proven Entrepreneur and Maverick of the Year, Anyck Turgeon, reveals secret strategy to increase corporate bottom line by 5 percent.
Austin, USA - December 18, 2014 /PressCable/ —
The Fraud Institute,a global organization dedicated to combating fraud and identity theft, today announced jointly with M-CAT Enterprises, the publication of its whitepaper providing insight to increase corporate financials by 5 percent.
Authored by acclaimed M-CAT Enterprises CEO Anyck Turgeon, this latest article demonstrates how corporate executives can turnaround their financial posture by cutting unnecessary business losses caused by fraud and increase revenues through improved customer trust.
“Companies and their shareholders have been accepting fraud as a cost of doing business,” said Turgeon. “Given numerous cyber-fraud attacks against companies such as Target, Home Depot, Sands Casinos and Sony Pictures, small to large enterprises have to change management of finances and operations to survive. Not only must C-level executives and board members deal with increasing threats and losses, risk assessments related to un-voluntary association with terrorist groups like ISIL (Islamic State of Iraq and the Levant) must be completed continuously. It’s one thing to be hacked by a young cyber-geek operating in an isolated boiler room. It’s much more challenging for business leaders to be considered as accomplices to terrorists and potentially face unwarranted criminal charges. Having ill-prepared personnel deal with threats emerging from several sovereign states (like Iran, North Korea and China which are countries pouring resources into disrupting and destroying businesses) further weakens any winning chance.
According to this Fraud Institute’s whitepaper, a Chief of Fraud and Money Laundering Officer (CFMLO) needs to be hired now and sit at the executive table. In supplement, your next CFMLO should report directly to key decision makers (like the Chief Executive Officer (CEO) or Chief Financial Officer(CFO)) so threats can be addressed promptly and globally, before they become lethal.
Further, in order to mitigate the increasing and “swept-under-the carpet” risks of fraud, companies can’t keep on relying on the current pool of resources and expect that fraud will disappear. Few fraud directors,managers, and analysts are currently employed (mostly by financial institutions). Unfortunately, this anti-fraud personnel is not empowered or, have the resources to detect, resolve or prevent white collar crimes. By not being exposed promptly to all fraud risks, board members, executive team and shareholders currently lead organizations blindfolded and are doomed to massive losses. Without critical fraud tracking,there is no possibility for companies to mitigate fraudulent schemes and reduce losses.
“At the very least,” Turgeon added, “small to large companies should hire licensed Certified Fraud Examiners to perform quarterly audits and provide fraud reports with risk mitigation recommendations. As permanent resources is required so daily threats can be addressed before snowballing internationally.”
In addition to outlining the role and qualifications of CFMLOs, this whitepaper provides real-life cases synopsis demonstrating how companies employing anti-fraud personnel has benefited from massive cost savings and increased repeatable revenue streams.
To download the paper, click here.
About Anyck Turgeon
Anyck Turgeon, CEO of M-CAT Enterprises, began her career in technology and fraud detection more than 25 years ago with Canada’s largest case of securities fraud to-date (e.g. James Connacher & Gordon Capital). After turning around numerous companies into profitable track records, deploying technologies at Fortune 500 companies,completing executive studies in corporate finance at Harvard, acquiring the latest knowledge in advanced data management as a data scientist and securing numerous anti-fraud/security certifications, Turgeon has dedicated her life to fighting white collar crimes. Recognized as the 2014 IBA Maverick of the Year(silver), Golden awards “Entrepreneur of the Year” (gold) and Outstanding Leader of the Decade (silver); Turgeon is an anti-fraud veteran with an impressive range of secured technological innovation deployments. Winning over numerous white collar criminals, Anyck is victor herself in numerous criminal, administrative and civil fraud cases. Turgeon now helps small to large enterprises, governments and law firms with their fraud detection, resolution, prosecution and prevention challenges.
About The Fraud Institute
The Fraud Institute is a global organization dedicated to combating fraud by raising awareness of national and international security,fraud and identity-theft issues. For more information about the Fraud Institute and its related entities (Fraud Commission™, Fraud Exchange™, Fraud Clinic™ and Fraud Chamber™), visit www.fraudinstitute.com.
About M-CAT Enterprises
M-CAT Enterprises, LLC is a global provider of growth management and security solutions. Visit www.mcatenterprises.com.
For more information about us, please visit http://www.mcatenterprises.com
Contact Info:
Name: Anyck Turgeon
Organization: M-CAT Enterprises, LLC
Address: 111 Congress Avenue, Suite 400, Austin, TX 78701
Phone: 5125350012
Release ID: 70591
