Fraud should be detected through effective
internal control measures. However, in reality it is
often uncovered by accident, through anonymous letters,
or as a result of an unexpected business crisis. International
Risk helps its clients mitigate the costs of fraud through
our extensive capability and wide-ranging experience
in tackling these problems.
Sometimes the fraud evidence trail is straightforward,
but often it has been deliberately concealed. Fraud
can be committed by customers, suppliers, distributors,
employees, or by management. It often involves collusion
between two or more employees or between an employee
and an external party. Fraud is often complex, difficult
to unravel, and handling it requires specialist knowledge.
Fraud is increasingly international in scope. Very few
companies are equipped to investigate fraud when they
become its victim.
International Risk professionals have extensive experience
in resolving a variety of complex white-collar crimes
involving:
- Misappropriation of company funds
- False expense reporting
- Phantom vendors
- Manufacturing fraud
- Procurement fraud
- Payroll fraud
- Kickbacks and secret commissions
- Fraudulent insurance claim
- Distributor fraud
Our Approach
Dealing with fraud and financial investigations requires
more than technical know-how. It requires speed, sensitivity
and discretion. International Risk understands the importance
of reacting quickly and confidentially to a crisis.
We appreciate the need to stop illegal activity, safeguard
your company's assets and reputation, arrive at a resolution
with as little disruption as possible to the regular
flow of business, and prevent reoccurrences.
If your operation does become the victim of serious
fraud, the survival of your business may be dependent
on the successful recovery of lost assets. Investigating
fraud to recover missing assets requires specialist
skills that are not usually available in-house.
International Risk provides a multi-disciplinary team
of investigators, computer forensics specialists and
forensic accountants (supplemented, if required, by
industry experts) to help clients who are the victims
of fraud.
Our fraud investigation answers your questions:
- What went wrong?
- How much money is involved?
- Where is the money, and how can we get it back?
- Who is responsible?
- What steps now need to be taken?
- Which controls failed?
Our investigation will assist you in the following
ways:
- Quickly establishing what went wrong and developing
a cost effective solution
- Collecting and securing vital evidence
- Obtaining information that the fraudster hoped to
hide
- Conducting interviews with witnesses and suspects
- Identifying control weaknesses
- Investigating the quantum of the loss, including
unforeseen losses
- Reconstructing damaged or incomplete accounting
records
- Identifying potential recoveries, including from
others less directly involved in the fraud, such as
accomplices who laundered the proceeds
- Preparation of reports to support insurance claim,
the initiation of civil proceedings or criminal complaints
to law enforcement;
- And, if your business is regulated, the preparation
of reports for regulators
Related Services
To assist our clients become less vulnerable to fraud,
International Risk provides a number of fraud risk management
services, including:
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