Emerging markets have experienced significant change and burgeoning development over the last five years, becoming economic powerhouses and stimulating global growth. However, changing regulations and increased enforcement are altering the risk landscape. Organizations must face these challenges head-on: while emerging markets offer immense promise and abundant opportunities, the ever-present risks of fraud, bribery and corruption … More Understanding risk vectors: an emerging markets perspective
The global risk landscape has undergone a sea change over the last few decades. For businesses, the risks emanating from fraud can not only threaten the very existence of the organization but continue to increase in quantum and complexity. There has also been a considerable shift in the type of fraud perpetrated, from larceny and … More The evolution of fraud: then and now
The collection, preservation and analysis of information is existential to catch fraudsters and cyber criminals. In addition to paper files, digital data present in an individual’s company computer, laptop, mobile or any other handheld device can uncover a complex matrix of fraud using digital and computer forensics. This information can subsequently be presented before the … More Maintaining the sanctity of data in search and seizure operations
There has been an increased awareness among consumers around life insurance products in India. That said, the sector continues to rely heavily on a “push-sale” methodology, thus leading to increased financial crime vulnerabilities.
The current global environment is ripe with opportunities for developing countries. Bangladesh’s economic scorecard is well-aligned with this trend, as it showcases significant growth in line with other markets especially in the Asia Pacific region. The current Gross Domestic Product of the country stands at 6.8%, and has consistently been above 6% over the last … More Overcoming risks and fostering an ethical business environment in Bangladesh
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?