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  • TRACK D

    11D A Chilly Wind in Paradise: The Revelations of the Paradise Papers and Why They Matter

    Wednesday, June 20 | 8:30-9:45 AM


    Level: Overview

    Recommended Prerequisite: None

    Field of Study: Specialized Knowledge

    In a follow-up to the Panama Papers scandal beginning in 2015, a new leak broke in November 2017: the Paradise Papers. This session will discuss the details of the newest leak and how it will impact you. From the U.S. government to world leaders on every continent, the revelations from the leak will continue to shake the financial world over the coming months.

    You Will Learn How To:

    • Examine FinCEN's response to the Paradise Papers and the implications to financial services firms
    • Interpret Professional Regulatory Authority responses to the Paradise Papers
    • Analyze industry reaction to the Paradise Papers
    • Determine what private-sector fraud, risk and audit professionals must know about the Paradise Papers, including increased risks to clients and business from the continuing scandal
    • Identify what bank examiners and government investigators must take from the scandal, including obtaining access to the ICIJ's enhanced public database, to conduct effective fraud and money laundering compliance investigations
    dweber headshot
    David Weber, J.D., CFE

    Academic Director, University of Maryland, College Park

    David P. Weber is the Academic Director of Fraud Management at the University of Maryland’s Robert H. Smith School of Business, where he teaches ethics, professionalism, and forensic accounting in Smith’s top-ranked MBA and undergraduate programs. Recently, Weber served as the U.S. banking expert who assisted journalists in reviewing information now known as the Panama and Paradise Papers, pertaining to hundreds of current and former world leaders. A Certified Fraud Examiner, attorney in private practice, and registered private investigator, he previously served as the U.S. Securities and Exchange Commission’s Assistant Inspector General for Investigations, the SEC’s Chief Investigator.

    Bernstein Headshot
    Jake Bernstein

    Author, 2-Time Pulitzer Prize Winning Journalist

    Jake Bernstein is the author of Secrecy World: Inside the Panama Papers Investigation of Illicit Money Networks and the Global Elite. He was a senior reporter on the team that broke the Panama Papers story — the International Consortium of Investigative Journalists. In 2017, the project won the Pulitzer Prize for Explanatory Reporting. In 2011, Bernstein earned his first Pulitzer Prize for National Reporting for coverage of Wall Street activities that contributed to the financial crisis. He has written for The New York Times, Washington Post, Bloomberg, The Guardian, ProPublica and Vice, and has appeared on the BBC, NBC, CNN, PBS and NPR.

See all speakers
  • dweber headshot
    David Weber, J.D., CFE

    Academic Director, University of Maryland, College Park

    David P. Weber is the Academic Director of Fraud Management at the University of Maryland’s Robert H. Smith School of Business, where he teaches ethics, professionalism, and forensic accounting in Smith’s top-ranked MBA and undergraduate programs. Recently, Weber served as the U.S. banking expert who assisted journalists in reviewing information now known as the Panama and Paradise Papers, pertaining to hundreds of current and former world leaders. A Certified Fraud Examiner, attorney in private practice, and registered private investigator, he previously served as the U.S. Securities and Exchange Commission’s Assistant Inspector General for Investigations, the SEC’s Chief Investigator.

  • Bernstein Headshot
    Jake Bernstein

    Author, 2-Time Pulitzer Prize Winning Journalist

    Jake Bernstein is the author of Secrecy World: Inside the Panama Papers Investigation of Illicit Money Networks and the Global Elite. He was a senior reporter on the team that broke the Panama Papers story — the International Consortium of Investigative Journalists. In 2017, the project won the Pulitzer Prize for Explanatory Reporting. In 2011, Bernstein earned his first Pulitzer Prize for National Reporting for coverage of Wall Street activities that contributed to the financial crisis. He has written for The New York Times, Washington Post, Bloomberg, The Guardian, ProPublica and Vice, and has appeared on the BBC, NBC, CNN, PBS and NPR.

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