Visual intelligence is the next wave of digital security

Visual intelligence allows for face identification, incident recognition, behaviour monitoring, object identification and even face or activity prediction

Visual intelligence is the next wave of digital securityBusiness owners and managers increasingly deal with information overload, including from camera feeds. The cost outlay for a good camera system with extensive storage is dropping daily and new technologies that promise to process all this information continue to emerge. But although it’s valuable information, it’s also exceedingly time consuming to sift through all the…

We need to manage the Uber revolution more carefully

The opportunity to augment your income is appealing in an economy that has left so many people far behind

We need to manage the Uber revolution more carefullyTaxis have been commonplace in our cities for decades and – in some cases – centuries. We need to apply the lessons we’ve learned to the ride-sharing revolution. The first documented coach for hire was in 1621, in London, England. It only took 33 years for there to be enough issues that parliament passed a…

How to protect your company against fraud

Former RCMP investigator Greg Draper, now with MNP LLP, talks about who is most likely to commit fraud and what they target

How to protect your company against fraudGreg Draper is a former RCMP investigator and current vice-president of Valuations, Forensics and Litigation Support at MNP LLP. Who poses the greatest threat – and why – for fraud? Draper: The simple answer is: the person we least expect. You’d never hire someone if we thought they’d defraud the organization. Most of us go…

Canada falling behind on corporate accountability

Trudeau government’s global reputation at risk over how Canadian companies do business abroad

Canada falling behind on corporate accountabilityEarlier this year, Canadians were given a behind-the-scenes view on attempts by the federal government to ensure that SNC-Lavalin would escape potential criminal liability under the Corruption of Foreign Public Officials Act. What may be less clear is that the government’s stance in this case is reflective of its broader approach to corporate accountability. The…

Laundered money is a key cog in our economy

Canadians’ savings are sheltered and foreign investors are reluctant. Laundered money fills a crucial investment gap

Laundered money is a key cog in our economyYou could make a case that in the absence of illegal laundered money, there would be almost no risk investment capital in Canada. The problem with laundered money is huge. Recent estimates put the value of laundered money in Canada at $46.7 billion; other more realistic estimates have it in the range of $130 billion.…

Alberta has highest median monetary fraud rate: MNP report

Study of over 200 criminal convictions gleans critical insights about how Canadian organizations can reduce fraud

Alberta has highest median monetary fraud rate: MNP reportThe first national study of its kind, Fraud Aware 2019: National Study on Reported Fraud Cases in Canada, has found that the most convictions and the largest reported losses due to fraud were seen in Ontario, Quebec, Alberta and British Columbia. Business advisory and accounting firm MNP LLP released the results of the study on…

Corporate corruption spreads its wings around the world

Even in our law-abiding, transparent country, graft happens. In some countries, it’s the cost of doing business

Corporate corruption spreads its wings around the worldFederal politics are transfixed by apparent managerial indiscretion yet again. SNC-Lavalin – whose officials have been found guilty of corruption in the past – faces criminal prosecution with consequences that could cripple it if found guilty. The company would face a ban on federal contracts for years, and such a ban could be honoured by…

How high taxes create crime and hurt society

Excessive taxes that encourage smuggling and black market activity are a significant policy issue in Canada

How high taxes create crime and hurt societyIn The Wealth of Nations, Adam Smith described a smuggler as “a person who, though no doubt highly blameable for violating the laws of his country, is frequently incapable of violating those of natural justice, and would have been, in every respect, an excellent citizen, had not the laws of his country made that a…

B.C. money-laundering crackdown carries hidden costs

The province needs to get its house in order. That means, among other things, good old-fashioned police work

B.C. money-laundering crackdown carries hidden costsBritish Columbia is hardly a tax haven in the mould of Panama, yet organized crime has still established a foothold for laundering,– according to some estimates, $1 billion or more a year. Until last year, despite mounting activity, the problem flew under the radar. Now several reports have made their way to the media and…

We shall overcome crimes against humanity

Attacks on places of worship are based on the horrendous lie that we need to fear those who are different

We shall overcome crimes against humanityHumanity is reeling from the deaths of innocent people all over the world in houses of worship. Members of no religion seem to be immune from violence, nor can any major religion claim to be free of extremists who perpetrate hate crimes. Many will ask what the world is coming to. In fact, these horrendous…