Fraud is of the utmost concern for all financial organisations. These include banks & financial institutions, real estate lenders, business credit and finance companies, commercial investment corporations, asset-based lenders, debt financing firms, acquisition capital firms and others. Having safeguarding processes in place is required both from a legal and compliance standpoint, and from the position of being a trusted, secure financial institution. The financial sector includes new Anti-Money Laundering (AML) rules and legislation, and these regulations are strict and increasingly enforced. As such, remaining in compliance through implementing proper prevention controls is a must. Failing to do so can mean a loss of business, trust and reputation: banking giant Citibank was recently fined $70 million in the U.S. for failing to address shortcomings in its anti-money laundering policies. (Reuters, 2018) Professional services organisation also face risk of accounting fraud – with embezzlement being one of the biggest threats.

At CRI Group, our forensic accountants are trained to follow the money. And when it comes to AML services, CRI Group is uniquely positioned to help organisations stay ahead of the curve with anti-money laundering measures and the processes required to remain fully in compliance with applicable laws and regulations. This provides financial institutions, their business partners and their clients the confidence of knowing that the organisation, and its reputation, is protected from the negative consequences of money laundering. From Risk Management, Employee Background Screening, Business IntelligenceDue Diligence, Compliance Solutions and other professional Investigative Research solutions at CRI Group we can help you!  Learn more about our solutions and contact us today.

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The Role of a Fraud Investigator

Fraud investigators are the front line of establishing the facts of suspected fraud or other unethical business behaviour. A fraud investigator’s skillset and wide knowledge of fraud laws, evidence gathering and interviewing make them the go-to expert for investigating insurance fraud, financial fraud, procurement fraud, asset recovery, cyber fraud, healthcare fraud, retail fraud and other […]

Q&A session with our CEO: United Arab Emirates fighting Fraud and corruption

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Bribery & corruption plague Middle East, ISO 37001 can help

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The Role of a Fraud Investigator

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FTC guide for small business to avoid Scams

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