Anti-Bribery and Anti-Corruption Assistance
Occupational fraud typologies highlight different forms of fraud, one of which is corruption. Business corruption is categorized as the second most common type of occupational fraud, with the primary examples being bribery, conflict of interest, improper gratuities, and economic extortion.
Threat detection spectrum and advanced threat hunting.
A network environment can be defined as a communications system that ties multiple users together. In such an environment, there is a need to establish control measures to detect advanced threats in the network
Why Customer Due Diligence is Necessary in Combating Money Laundering
Customer Due Diligence (CDD) is the process of verifying the identity of customers before establishing a business relationship with them as well as assessing their risk level. CDD assists businesses to manage risks of financial crime which include money laundering and terrorist financing.
Fraud risk assessment as a component of a fraud risk management
Fraud risk assessment as a component of a fraud risk management Fraud risk assessment is a component of fraud risk management strategy that helps an organization and its stakeholders protect itself against fraud. It is a technique by management to detect and understand their fraud exposure, fraud risks, and the efficiency of existing anti-fraud controls […]
Asset Tracing as a means of debt recovery in Corporate Insolvency Litigation
Asset tracing is identifying assets through investigations for a particular purpose [without going into the details to answer questions about who has a legal right to the traced assets.
10 key components of an effective data destruction policy
10 key components of an effective data destruction policy. Introduction The right to erasure or destruction of data is guaranteed to data subjects by Section 40 of the Data Protection Act. Under the Data Protection Act, a data subject may request a data controller or processor to erase or destroy personal data held by them […]
Best Practices for preventing life insurance fraud-post pandemic
Best Practices for preventing life insurance fraud-post pandemic Introduction; Insurance fraud occurs when someone deliberately lies to obtain a benefit that they are not entitled to or fabricates a claim. Insurance fraud can also occur when an Insurer intentionally denies one a benefit that is due, under an insurance policy. While fraud is rampant in […]
The Different forms of payroll fraud and how they can be prevented
In the Occupational Fraud 2022: A Report to the Nations recently published by the Association of Certified Fraud Examiners [ACFE], ACFE highlighted that payroll fraud is among the most common frauds that occur in small businesses. Over the years, the corporate sector has seen an increase in payroll fraud perpetrated by employees altering the payroll […]
Cash Skimming and Cash Larceny in Business
Cash Skimming and Cash Larceny in Business According to Dr. Donald Cressey’s Fraud Triangle, people commit fraud due to three primary reasons; financial pressure, rationalization, and opportunity. Misappropriation of cash is a form of financial fraud that makes up 47% of all fraud cases and among the various sub-schemes that fall under that category, are […]
The importance of extensive Due Diligence in Land Transactions
The importance of extensive Due Diligence in Land Transactions; Introduction Due diligence is a phrase used in land transactions and entails establishing the identity of the proprietors of the land, the actual size of the land, whether the land is encumbered, whether the property exists, and whether or not the ownership documents are in order. […]
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