Fraud and corruption are always evolving. Changes in methods, technology and other factors make it critically important those trying to prevent and detect it to evolve, as well. Part of that process is to analyse fraud, corruption, bribery, money laundering and other crimes through the lense of research and casework. When experts share their findings and their knowledge into the numerous laws and regulations that address fraud, everyone benefits \u2013 especially vulnerable businesses and other organisations. CRI Group has recently published three new whitepapers that provide insightful looks into issues at the forefront of fraud and corruption today. They range from deep dives into the U.S., U.K. and other anti-fraud and anti-corruption laws around the world, to close examinations of actual fraud cases that hold lessons for all of us. We invite you to download these whitepapers and increase your knowledge of fraud, corruption, proper compliance, risk assessments, due diligence and more.<\/p>\n
This whitepaper provides an in-depth study of transnational financial crimes and the national laws and regulations that govern them. Laws in the U.S. and the U.K, in particular, are compared and examined in terms of effectiveness in preventing financial crimes.<\/p>\n
The comparative study focuses on corporate fraud. \u201cThe Catalysts for Economic Crime\u201d pursues the question as to how weaknesses in national laws can be considered \u201ca core causal factor in the perpetration of transnational financial crimes.\u201d Readers will learn about the need to strengthen such laws or risk continued and increased criminal activity.<\/p>\n
Different types of financial crimes are examined, including money laundering, due to its prominence as a form of transnational financial crime. The research provides a detailed discussion of the inadequacies in current national laws, and proposes solutions through increased accountability, compliance-focused on self-governance and heightened monitoring for violations, among other important considerations. Download the whitepaper for free. <\/a><\/p>\n This publication provides an insightful look at the responsibility of corporations to monitor and mitigate risks. This whitepaper examines two high profile corruption cases, Airbus and Rolls-Royce, to provide a deeper understanding of how bribery and other financial crimes can take root at organisations without proper prevention procedures and inadequate controls.<\/p>\n The global nature of the enterprise that makes corruption even more prevalent in modern times also makes prevention more difficult. When it comes to putting procedures in place to prevent bribery and corruption, \u201cthe concept of \u2018adequate procedures\u2019 is \u201cvulnerable to interpretation depending upon national or industrial jurisdiction \u2026 and many enforcement agencies and government authorities have failed to provide guidance regarding the definition of \u2018adequate procedures\u2019 as it shapes both Anti-Corruption guidelines and legal defence.<\/p>\n Case studies often provide an extremely effective way of demonstrating the effect of inadequate controls and procedures when it comes to corruption. In the cases of Airbus and Rolls-Royce, the financial crimes and their ramifications were significant. Airbus committed to financial penalties of $4 billion; a system of \u201cintermediary leverage\u201d involved hundreds of its agents in 16 countries \u201cto encourage national and airline purchase of the company\u2019s civilian aircraft and satellites.\u201d In the case of Rolls-Royce, a four-year investigation uncovered corruption, false accounting and failure to prevent bribery, leading to fines in excess of ?497.2 million \u2013 which accounted for approximately 3.4% of Rolls-Royce\u2019s revenues for 2016. Find out what can be learned from these cases and how proper controls could have prevented them. Download the whitepaper for free.<\/a><\/p>\n This whitepaper provides another case study, this one a close examination of Pakistan International Airlines (PIA) which has been embroiled in a scandal. The cases of professional fraud involve fake degrees and fraudulent licenses, and there have been cases of air accidents with loss of lives. This white paper investigates how the PIA case is not a coincidence, but rather an \u201corganised failure of institutional management, state, and internal controls.\u201d<\/p>\n In fact, the PIA investigation comes at a time when fraud and corruption among state-owned enterprises in Pakistan and elsewhere is rising at an alarming rate. This has links to fraud in governmental institutions, and PIA is just a high-profile example of what can result when such corruption goes unchecked.<\/p>\n This whitepaper analyses two major risk elements at PIA, in terms of mismanagement, and corruption in the form of kickbacks. This research paper also proposes solutions for dealing with such systemic, organizational crimes, the foundation of which is to implement a business-based risk management framework. Download the whitepaper for free.<\/a><\/p>\n Let’s talk!<\/strong><\/p>\n If you have any further questions or interest anti-corruption solutions, please contact us.<\/a><\/p>\n CRI Group has safeguarded businesses from any risks, providing investigations<\/a> (i.e. insurance fraud<\/a>), employee background screening<\/a>, investigative due diligence<\/a>, business intelligence<\/a>,\u00a0 third-party risk management<\/a>, forensic accounting, compliance and other professional investigative research services. In 2016, CRI Group launched Anti-Bribery Anti-Corruption (ABAC\u00ae) Center of Excellence<\/a> – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems<\/a>, ISO 37301 Compliance Management Systems<\/a> and ISO 31000:2018 Risk Management<\/a>, providing training<\/a> and certification<\/a>. ABAC\u00ae operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. Contact\u00a0ABAC\u00ae for more<\/a> on ISO Certification and training.<\/p>","protected":false},"excerpt":{"rendered":" Fraud and corruption are always evolving. Changes in methods, technology and other factors make it critically important those trying to prevent and detect it to evolve, as well. Part of that process is to analyse fraud, corruption, bribery, money laundering and other crimes through the lense of research and casework. When experts share their findings […]<\/p>","protected":false},"author":1,"featured_media":6419,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,16,12,17,146,10],"tags":[],"class_list":["post-6413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-anti-bribery-anti-corruption-solution","category-compliance-solution","category-due-diligence","category-iso-37001","category-resources","category-third-party-risk-management"],"gutentor_comment":0,"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\n\n\t\n2. \u201cCountering Bribery & Corruption in the Public & Private Sectors: Anti-Corruption Culture, Risk Assessment, Auditing & Compliance\u201d<\/strong><\/h3>\n
3. \u201cOrganised Catastrophe of Pakistan International Airlines: Major Critical Risk Elements \u2013 Mismanagement \u2013 Corruption\u201d<\/strong><\/h3>\n