Aptelisense - Compliance software
The recent New Zealand Serious Fraud Office 2011 annual report (http://www.sfo.govt.nz/f55,13828/SFO_Annual_Report_to_30_Jun_2011-Final.pdf) indicates that a common reason why so many financial institutions suffer fraud is because they are not monitoring their key financial indicators against their external compliance commitments such as their Deed of Trust, SEC or FSA. The common financial indicators that indicate a financial organizations health are:
• Liquidity position and minimum capital ratio
• Debt exposure to third parties
• Liquid assets and undrawn committed facilities against future commitments
• Suspicious and fraudulent behavior
It appears that financial institutions need to place more focus on real-time monitoring of their external compliance commitments. Aptelisense Compliance Automation Server (CAS) can provide this capability. See: financial monitoring using CAS.
Here's an interesting article that highlights that the number of cases of fraud reported is the tip of the iceberg. A statement from the New Zealand Serious Fraud Office indicates that the cases investigated by the SFO has only scratched the surface mainly due to limited resources.
http://www.stuff.co.nz/the-press/news/4225893/SFO-suspects-fraud-rife