Categorie: Investigations Compliance and Defence

In order to prevent, deter and mitigate Corporate Fraud, organizations have to (a) assess their corporate fraud risk, (b) set-up and strengthen their corporate fraud risk management systems and (c) investigate allegations and indication of corporate risk.

Corruption and Bribery have serious consequences for companies operating in an international business environment. In such an environment, businesses are operating under serious pressure, competition is stiff and margins are tight. This, in conjunction with trying to adapt to unfamiliar legal systems, conventions and specific political circumstances, can make doing business in an international environment very difficult. There is therefore much depending on whether your company can win a contract, obtain a licence or market a product in good time.

Any organization should set out its approach to dealing with fraud in its fraud policy and fraud response plan. Organizations should ensure that this includes provision for learning lessons from fraud incidents and appropriate, prompt follow-up action.

There are a range of fraud indicators – both warning signs and fraud alerts – which can provide early warning that something is not quite right and increase the likelihood that the fraudster will be discovered.