//

COVID-19 Pandemic: The financial crime threat for private and public organizations

Financial Crime Risk Management (FCRM) in private and public organizations has undergone big changes due to paradigm shifts in business dynamics, emerging threats, regulatory climate and technological advancements. However, in the last few months, the world has been experiencing something unprecedented that has made all other changes somewhat secondary: The Coronavirus (COVID-19). This once-in-a-lifetime phenomenon will change the face of Financial Crime Risk Management (FCRM), compliance and sanctions forever. In this article, I will examine the far-reaching impacts of COVID-19 on financial crime and how private and public organizations can address them.

LEARN MORE:

Previous Story

Coronavirus stimulus payment scams: What you need to know

Next Story

Corona crisis: tax payment extension and repayments

Latest from Corporate Fraud and Criminal Law

Know your Suppliers

Suppliers are essential to providing companies with what they need to conduct business, however, they also

Know your Customers

Customers are important to the running of your business. They are your source of revenue. Meanwhile

Know your Employees

Nearly 20% of business have been defrauded by an employee at some point during their trading

Know your Investors

If you are in the beginning stages of building your business, you are surely excited about

Proactive Fraud Auditing

Very few organizations actively audit for Fraud. Rather, their auditors are content to conduct financial, operational