Bio (Mark Lokanan)
Dr. Mark Lokanan is a highly trained and skilled certified fraud examiner with expertise in financial forensics, forensic accounting, fraud examination, securities fraud, forensic data analysis, fraudulent financial statements, Benford Law for accounting fraud detection, anti-money laundering legislation and investigation, and forensic and investigative interviewing. Lokanan is one of the few scholars and practitioners in Canada with the requisite education, experience, expertise and publications in financial criminology, law, accounting and finance that qualify him as an expert in financial crimes and investigations.
Lokanan has worked and taught in the United States., the United Kingdom and Canada at the University of Guelph, San Diego State University, Simon Fraser University and in the Newcastle Business School. He has published in the areas of corporate accounting and securities fraud and regulatory compliance. Before working in academia, he worked for the Ministry of the Attorney General in Ontario as a fraud investigator, managing numerous projects and investigations from inception to completion, and devising and presenting reports and feedback to keep clients informed.
Lokanan holds a PhD in Accounting for Financial Crimes from Simon Fraser University (2012), a Master of Science in Forensic Accounting (2017) from Portsmouth University, a Master of Science in Financial and Organized Crime from San Diego University (2004), a Master of Arts in Sociology and Data Analysis from University of Guelph (2001), an undergraduate degree in Sociology and Law from York University (1998), an Advance Specialty Certificate in Securities Fraud Analysis (with Forensic Accounting) from BCIT (2012) and a Certificate in Advanced Accounting from McMaster University (2017). He also is a CFE and is reading for his CPA.
- Lokanan, M.E. (2019). An update on self-regulation in the Canadian securities industry (2009-2016): funnel in, funnel out, and funnel away. Journal of Financial Regulation and Compliance, 27(3), 324-344.
- Tran, V., Lokanan, M., & Hoai Nam, V. (2019). Detecting Anomalies in Financial Statements Using Machine Learning Algorithm: The Case of Vietnamese Listed Firms. Asian Journal of Accounting Research, https://doi.org/10.1108/AJAR-09-2018-0032.
- Whisker, J., & Lokanan, M.E. (2019). Anti-money laundering and counter-terrorist financing threats posed by mobile Money. Journal of Money Laundering Control. https://doi.org/10.1108/JMLC-10-2017-0061.
- Lokanan, M.E. (2019). A Fraud Investigation Plan for a False Accounting and Theft Case. Journal of Financial Crime, https://doi.org/10.1108/JFC-09-2017-0086.
- Lokanan, M.E. (2019). Methodological Problems with Big Data When Conducting Financial Crime Research. SAGE Research Methods Cases Politics & International Relations, http://dx.doi.org/10.4135/9781526469250.
- Lokanan, M. (2019), "The Banks and Market Manipulation: A Financial Strain Analysis of the Libor Fraud", Lehman, C. (Ed.) Beyond Perceptions, Crafting Meaning (Advances in Public Interest Accounting, Vol. 21), Emerald Publishing Limited, pp. 73-103. https://doi.org/10.1108/S1041-706020190000021004.
- Lokanan, M.E. (2019). Data Mining for Statistical Analysis of Money Laundering Transactions. Journal of Money Laundering Control. https://doi.org/10.1108/JMLC-03-2019-0024.
- Lokanan, M.E. (2018). The Application of Cognitive Interviews to Financial Crimes. Journal of Financial Crimes, 25 (3), 882-890.
- Lokanan, M.E. (2018). Auditors’ Liability and Investors’ Protection in Canada: The ‘Leaky Umbrella’, Journal of Accounting and Auditing: Research & Practice, DOI: 10.5171/2018.722196.
- Lokanan M. E. (2018) Comparative and Development Public Administration and Policy. In: Farazmand A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham, https://doi.org/10.1007/978-3-319-31816-5_1196-1.
- Lokanan, M.E. (2018). Informing the Fraud Triangle: Insights from Differential Association Theory . Journal of Theoretical Accounting Research, 14(1), 55-98.
- Lokanan, M. (2018). Chains of Finance: How Investment Management is Shaped. Diane-Laure Arjalies, Philip Grant, Iain Hardie, Donald MacKenzie and Ekaterina Svetlova. Oxford: Oxford University Press, 2017. pp. 224. ISBN: 9780198802945.
- Lokanan, M.E., & Sharma, S. (2018). A Fraud Triangle Analysis of the Libor Fraud. Journal of Forensic and Investigative Accounting, 10(2), 187-212.
- Combs-Goodfellow, B., & Lokanan, M.E. (2018). Anti money laundering and moral intensity in suspicious activity reporting: an application of Jones’ issue contingent model, Journal of Money Laundering Control, 21 (4), 520-533.
- Lokanan, M.E. (2017). Self-regulation and compliance enforcement practices by the Investment Dealers Association in Canada: 1984 to 2008. Journal of Financial Regulation and Compliance, 25(1), 2 – 21.
- Lokanan, M.E. (2017). Regulatory Capture of Regulators: The case of the Investment Dealers Association of Canada. International Journal of Public Administration. DOI: 10.1080/01900692.2017.1385623.
- Lokanan, M. E. (2017). Theorizing Financial Crimes as Moral Actions, European Accounting Review, DOI: 10.1080/09638180.2017.1417144.
- Carlin, A., & Lokanan, M.E. (2017). Ritualisation and Money Laundering in the Swiss Banking Sector. The Journal of Money Laundering and Control, https://doi.org/10.1108/JMLC-04-2017-0013.
- Robinson, S. & Lokanan, M.E. (2017). Testing for Impression Management in Creative Accounting: A Case of the Automobile Industry. Journal of Forensic and Investigative Accounting, 9(2), 962-978.
- Lokanan, M.E. (2015). Self-Regulation in the Canadian Securities Industry: Funnel In, Funnel Out, or Funnel Away? International Journal of Law, Crime and Justice, 43(4), 456-480.
- Lokanan, M.E. (2015). Challenges to the Fraud Triangle: Questions on its Usefulness. Accounting Forum, 39(3), 201-224.
- Lokanan, M.E. (2015). Securities Regulation: Opportunities Exist for IIROC to Regulate Responsively. Administration and Society, doi: 10.1177/0095399715584637.
- Lokanan, M. E. (2014). The Investment Dealers Association of Canada’s Enforcement Record: Are Penalties “Grossly Inadequate”? Journal of Financial Regulation and Compliance, 22(3): 235-251.
- Lokanan, M.E. (2014). How Senior Managers Perpetuate Accounting Fraud? Lessons for Fraud Examiners from an Instructional Case. The Journal of Financial Crime, 21(4): 411-423.
- Lokanan, M.E. (2014). The Demographic Profile of Victims of Investment Fraud: A Canadian Perspective. The Journal of Financial Crime, 21(2): 226-242.
- Lokanan, M. E. (Forthcoming). Namasté Solar Approach to Corporate Sustainability: Is it Sustainable? Sage Business Cases.
- Lokanan, M. E. (2009). An Open Model of Restorative Justice: Is there room for punishment? Contemporary Justice Review, Vol. 3, 12, pp. 289-307.
- Lokanan, M. E. & Singh, G. (2005) ‘Shame, shame, shame: not on you, but what you have done’, International Journal of Management and Decision Making, Vol. 6, 3/4, pp.334–344.
- Nasimi, N., & Lokanan, M.E. (Forthcoming). The effectiveness of Anti-Money Laundering policies and procedures within the Banking Sector in Bahrain. Journal of Money Laundering Control.