Market volatility, increased pressure to meet revenue targets and growth can compel many executives to adopt unethical practices. With rising cases of fraud, bribery, corruption, cybercrime and other forms of white-collar crime, there has been a surge in anti-fraud professionals or forensic investigators, who can help companies in detection and deterrence of risks. The Association of … More Investing in forensic specialists is critical to combat white collar crime in India
Steven*, a working professional, approached a Registrar and Transfer Agent (RTA), Philip*, for transmission of shares bought by his father who passed away six years ago. He was alarmed when informed by Philip that the shares held by his father were dematerialised (converted from physical shares into electronic format) and had been sold through the stock … More Registrar and Transfer Agent Frauds – failure of governance over outsourced activities?
We are thrilled to collaborate with global anti-fraud community – Association of Certified Fraud Examiners (ACFE) Western Region Chapter, and launch the first Forensic Trailblazer Award. This award will be presented to an individual who showcases superior talent in this niche yet diverse domain of forensic investigations. The platform is designed to assess participants on a variety of … More Launching the first Forensic Trailblazer Award in India
In our earlier blogpost, we discussed how trade-based money laundering (TBML) is emerging as the new hurdle on the anti-money laundering front, although financial institutions have striven to improve their overall anti-money laundering (AML) governance framework. Today, this issue is more than a local concern – it is a key global financial issue, which Governments, … More Trade-based money laundering – a macro view of the changing dynamics
The evolution of ‘money’ has progressed from exchanging cattle, to coins, cash and most recently crypto currency. But the question to be considered in this digital era is – can you completely discard traditional forms to work with just an all-electronic currency? Satoshi Nakamoto’s vision was that it is possible, and in 2008, he proposed … More Bitcoins – the future or the past?
Today, the global business environment is clamouring for enhanced transparency at a time of increased geopolitical tensions and heightened volatility in financial markets. The escalating threats of cybercrime, terrorist financing and, more recently, the revelations regarding widespread possible misuse of offshore jurisdictions, have increased pressure on Governments to act and companies to identify and mitigate … More Augmenting individual accountability could deter future fraud, bribery and corruption risks
Bangladesh’s economic scorecard showcases significant growth as compared with other developing countries. The current Gross Domestic Product (GDP) of the country stands 6.9 percent and has been consistently above six percent over the last three years. This progress is backed by strong private investments, substantial export figures and large remittances in infrastructure and services sectors. … More Bangladesh: rife with corruption vs. ripe with opportunity