American Society of Criminology research presentation
My research paper Investigative Challenges of Fraud in Microfinance Institutions has been selected for presentation during the American Society of Criminology (ASC) annual conference in Philadelphia, PA. It is a great honor to have my research included in such a conference. I am grateful for the opportunity. This paper is the culmination of pioneer research as it is the first time the topic has been covered in an academic setting by any college or university. It is my hope that the presentation will highlight not only the findings critical to microfinance institutions and the broader community of businesses and aid foundations operating in developing countries, but perhaps more importantly to spark interest in much needed future research through the considerations provided.
The 2017 annual meeting will take place on November 15 - 18, 2017 in Philadelphia, PA USA at the Philadelphia Marriott Downtown. The theme for the meeting is Crime, Legitimacy, and Reform: Fifty Years after the President's Commission.
The paper will be presented during the following session:
Economic Crimes and Fraud
Friday, November 17th 8:00am to 9:20am
Marriott, Franklin 6, 4th Floor
Globally, two billion people suffer from financial exclusion including 90% of the population in least developed countries. The microfinance industry with over $60 billion in assets was created to address the institutional void within the financial market found in at least 168 countries. There is a fundamental lack of existing empirical research on the topic of investigative challenges of fraud in microfinance. The data collection methodology was a systematic review of existing academic documents. Key terms were defined to create a uniform approach to industry-specific verbiage in microfinance. It was established that
investigators work in dangerous environments, operate amongst complex legal issues, contend with limitations in infrastructure, with inadequate training inside an organizational structure that does not optimally support their role. Recommendations and future research considerations were provided regarding the antifraud program, security protocols, client education, cooperation, collaborative databases, power outages and surge protection, transportation needs, training and development, and organizational structure. Microfinance institutions play a critical role in helping the world’s poor meet their basic needs. When acted upon, these recommendations will make a positive impact on their efforts towards poverty alleviation.
Keywords: Financial Crime and Compliance Management, Dr. Kyung-Seok Choo, financial inclusion, developing countries, Islamic microfinance
Bell, A. (2017, April). Investigative Challenges of Fraud in Microfinance Institutions. Ann Arbor, MI: ProQuest Dissertations Publishing. Retrieved from http://search.proquest.com/docview/1897539155.