Financial crime is often shrouded in secrecy, making it challenging for auditors and compliance staff to detect. In some cases, the root cause is a lack of understanding of rules or awareness of the risks posed by certain conduct. To safeguard against financial crime, it’s essential for companies to establish robust compliance measures and procedures that can effectively identify and prevent fraudulent activities.
It is essential that the company has an internal manual for handling whistleblower investigations. Establishing an effective investigation process will promote confidence among staff and other stakeholders that any wrongdoing will be taken seriously and that individuals will be held accountable for their actions. Here is a guide on how to investigate whistleblower reports.
Determine whether your business is adequately protected against financial crime by ticking off answers to 20 questions. Our checklist has been designed to help you identify potential vulnerabilities in your business and take proactive steps to mitigate risk and ensure compliance with relevant laws and regulations.
With increased globalisation, digitalisation and increased complexity in many fields, corporate fraud is a major and growing problem. Our team of experts has extensive experience in preventing, detecting, and investigating corporate fraud, and we can provide tailored advice and solutions to help protect your organization from financial losses and reputational damage. Here is some advice on corporate fraud.
A whistleblower scheme will often be the only real way to expose significant wrongdoing. It is therefore important that the scheme is generally trusted by all stakeholders in the organization. A lack of confidence in the difference reporting makes is one of the main reasons why individuals refrain from making a report.
.jpg){kind=small}
