Happy holidays!

As we move into 2022 and seek new opportunities, know that CRI® is here, as your partner, to help you by establishing the legal compliance, financial viability, and integrity levels of outside partners, suppliers, employees and customers seeking to affiliate with your business. We are working closely with our internal teams to ensure your 2022 business goals are met, and we are continuing to support you in the manner you are accustomed to and fully deserve.

2021 has been filled with a multitude of victories. As 2021 draws to a close, I want to take the opportunity to look back on a year that turned out much differently than anyone could have imagined. Over this past year, we have added staff, new clients and new services, 2021 saw an expansion in our service capabilities with our 3PRM™- Certified solution, Anti-Money Laundering Advisory services and BS 7858:2019 Screening investigations solutions (CRI® is the only BS 7858 certified background screening services provider in the UAE and across the Middle East); in addition to announcing the opening of our new offices in Turkey (Corporate Research and Investigations Danışmanlık Hizmetleri Limited Şirketi). For more, we have released our end of year open letter talking about our projects and accomplishments across all regions. 

While it was challenging in many ways, it also showed how strong we are as a company – even in the most challenging times. And the success of the CRI® is based on the relationships we have built over the years, and we really wouldn’t be where we are without you. We are grateful for the opportunity to work with and for you, and this past year has been a pleasure. 

As the end of the year approaches, we know there will be many challenges ahead. But we are so excited we all that 2022 has in store for us – enthusiasm and anticipation are building around new opportunities in all our locations worldwide. Stay tuned for more details in the new year.

Both on behalf of our entire CRI® Group, as well as personally, I hope that when you’re celebrating the holidays with friends and family, you look back on the year with the same sense of accomplishment that we all should feel and thank you for your continued trust in us.

Best,

Zafar I. Anjum

MSc, MS, LLM, CFE, CII, CIS, Int. Dip. (Fin. Crime), MICA, MIPI, MAB
Group Chief Executive Officer

(Certified Fraud Examiner)
(Certified International Investigator)
(MSc Counter Fraud and Counter Corruption Studies, University of Portsmouth UK)
(Master of Fraud and Financial Crime – CSU Australia)
LL.M Legal Practice (Intellectual Property)

t: +44 7588 454959 | e: zanjum@CRIgroup.com | LinkedIn

 

CRI® celebrates 2021 International Anti-Corruption Day

CRI® celebrates 2021 International Anti-Corruption Day: Organisations are urged to unite on December 9th for International Anti-Corruption Day

Corruption is the single greatest obstacle to economic and social development around the world. According to the World Bank, every year $1 trillion is paid in bribes, while an estimated $2.6 trillion are stolen annually through corruption – a sum equivalent to more than 5 percent of the global Gross Domestic Product (World Economic Forum).

To help combat this growing problem, Corporate Research and Investigations Limited “CRI® Group” is spreading awareness and encouraging organisations to support the United Nation’s International Anti-Corruption Day, 9 December 2021. CRI® Group is a global leader in corporate investigations and risk management that serves clients in Europe, Asia Pacific, South Asia, the Middle East, North Africa and North America.

Here is more bad news about corruption:

  • Worldwide corporate corruption continues to disrupt socioeconomic progress in developing nations.
  • Corruption weakens governments, fuels organised crime, stifles economic growth and discourages development.
  • The cost of corruption can have a devastating effect on any business and its stakeholders, from the damaged corporate image, devalued stock, negative public perception, costly legal challenges and even incarceration of corporate directors.
  • Organisations are finding it increasingly difficult to navigate the complex web of multi-jurisdictional laws and regulations related to anti-bribery and anti-corruption practices.

CRI® Group’s CEO, Zafar Anjum, said that CRI® Group offers solutions for building global compliance frameworks that safeguard the world’s leading organisations. For example, CRI Group’s Anti-Bribery Anti-Corruption Centre of Excellence provides consulting services to organisations seeking to validate or expand their existing compliance frameworks to maintain a competitive edge in the world marketplace.

Anjum noted that CRI® Group also offers independent ISO 37001:2016 Anti-Bribery Management System certification to ensure that organisation is in compliance with this newly established standard, which is recognised and practised in more than 160 countries worldwide.

CRI® Group’s DueDiligence360™ involves a review of all relevant information pertaining to virtually any business on the planet to ascertain past business dealings, criminal records, executive stability and suspect associations to ensure your organisation is protected from internal threats and outside risks.

CRI® Group’s exclusive 3PRM-Certified™ solution provides Third-Party Risk Management while ensuring compliance with FCPA, UK Bribery Act, Anti-Bribery and Anti-Corruption, and other global, regional and local regulations.

Contact CRI® Group to learn more about preventing and detecting corruption.

 


 

Who is CRI® Group?

Based in London, CRI® Group works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business IntelligenceDue Diligence, Compliance Solutions and other professional Investigative Research solutions provider. We have the largest proprietary network of background-screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are we have the network needed to provide you with all you need, wherever you happen to be. CRI® Group also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle.

In 2016, CRI® Group launched Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems, ISO 37301 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification. ABAC® operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI® Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organisations. Contact ABAC® for more on ISO Certification and training.

Towards a fraud-free future: CRI® celebrates 2021 Fraud Week

Towards a fraud-free future

CRI® Group is proud to be celebrating International Fraud awareness week 2021. Alternatively known as Fraud Week for short, this day proves to be a critical effort to put a spotlight on fraud, help educate people about its perils and build a fraud-free future.  CRI® Group regularly partakes in this week and are happy to once again be a proud Official Supporter of this global movement. Fraud Week was created to reduce the impact of fraud and corruption by promoting anti-fraud awareness and education.

CRI® Group founder and CEO Zafar Anjum says “Fraud Week reminds us that awareness is any organisation’s first line of defence against fraud and corruption, as properly trained employees will have a better opportunity to recognise the red flags of fraud and a better understanding of their organisation’s zero-tolerance policy toward such behaviour. Fraud is everybody’s problem, and it cannot be prevented and detected if employees aren’t provided with the information, they need to combat it. Providing a robust anti-fraud training program increases your company’s protection from risks of fraud and unethical behaviour. An ounce of prevention is worth more than a pound of cure.”

The solution to mitigating fraud is not always as visible as one would hope which is why CRI® Group is proud to announce that we, alongside our sister brand, Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence Group, will be hosting a free webinar with Malaysian International Chamber of Commerce & Industry (MICCI) on 9 December 2021 as an effort to raise awareness for Fraud. Our intention is to be able to provide resources on corporate compliance to organisations around the globe that will aid them in expansion and an ethical working environment. We want to open up an in-depth discussion on the third-party due diligence frameworks and explore its best practices as a means to help provide insights and ideas for your organisations’ compliance programme. Take advantage of this free webinar. Join us and save your seat now!

SAVE A SEAT

Our mission and vision

  • CRI® mission is to safeguard the corporate world by detecting and exposing those elements that can cause irreparable harm to a business
  • Stand up against the outside forces that, through corruption, collusion, coercion and fraud, can cause financial, organisational, reputational and legal harm to our global clients
  • Stand out as the preeminent provider of specialised investigative services that enable our clients to exhibit the highest standards of business integrity, ethics and behaviour

For CRI® Group, though, helping organisations prevent and detect fraud is a year-round commitment. That’s why Fraud Week is a great time to reflect on CRI® Group’s recent efforts in the fight against fraud and to also look ahead to activities on the near horizon. As the world slowly recovers from the devastating impact of the pandemic, CRI® Group is looking forward to conversing with our clientele face to face once again. So far, our confirmed events include but are not limited to:

Organised by the U.S. Commercial Service, Trade Winds will feature meetings with U.S. commercial diplomats from over 20 countries in the Middle East, North Africa and Sub-Saharan Africa, exciting conference programming and plenty of networking. Trade Winds is a multifaceted program designed to help organisations achieve growth and exposure in specific markets or regions around the world.

The PBSA Mid-Year Legislative & Regulatory Conference in April between 10-12th is convened each year in the spring with a large emphasis on law, legislature, training, and compliance associated topics in correlation to the background screening industry. This specific conference offers insight and support for everyone across a range of industries at all levels in the operative hierarchy.

Given that borders across the globe will slowly start reopening themselves to conferences and forums, you can expect to see a lot more confirmations on our end in the near future. In the meantime, it is an honour for us to be a part of such activities that extend to and facilitate so many organisations across the globe; more information on the event will be released soon so keep your eye out for our updates! We hope to see you there.

CRI® Group is here to help and create a fraud-free future. Contact us today to learn more about our ABAC® training and certification opportunities, our EmploySmart background checking process, our investigative services and other offerings.

 

Who is CRI® Group?

Based in London, CRI® Group works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business IntelligenceDue Diligence, Compliance Solutions and other professional Investigative Research solutions provider. We have the largest proprietary network of background-screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are we have the network needed to provide you with all you need, wherever you happen to be. CRI® Group also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle.

In 2016, CRI® Group launched the Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems, ISO 37301 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification. ABAC® operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI® Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organisations. Contact ABAC® for more on ISO Certification and training.

Do you know what are the measures to implement to prevent fraud?

Measures to fight fraud: The Implementation

Measures to fight fraud. What are measures every organisation must implement to prevent fraud? Reporting fraud is crucial for any organisation to do as it aids in not only safeguarding your organisation from the outside but also in protecting the economy. When the event of fraud happens on a large scale, it can set back a nation’s economy substantially. Consumers which consist of the public as well as any trade suppliers will not purchase goods or services if there is any possibility of them developing into victims – an issue that has plagued third-world countries in recent years but is not exclusive to just them.

Reporting fraud protects your organisations internal and external team, and organisational leaders must come to realise that they have a responsibility to look out for their personnel whilst also promoting a workplace that encourages the employees to look out for one another. It is therefore vital that all suspicious activity must be brought to light. When offenders are allowed to operate without restraint, the rate of fraudulent conduct tends to spread with many victims clueless to the notion that somebody is taking from them.

The question of mandating the reporting of fraud has always been of prevalence and the ACFE released a report in which it was found that “the main reasons given in support of mandatory fraud reporting included: the prevalence and damaging nature of fraud; the opportunity to gain a better overall understanding of fraud; the need to escalate tackling fraud as an item on the government’s agenda; the value in creating more and better intelligence for policing; and encouraging organisations to take more responsibility for managing fraud.”

Regardless of where you stand on the mandating of reporting fraud, it is important to know what you can do as an organisation to safeguard yourself from the ramifications. To celebrate this year International Fraud Awareness Week we leave you with food for thought on what preventive measures you should implement to avert fraud.

The Fraud Triangle theory

Renowned criminologist Donald R Cressey developed a theory that implicated three aspects that trigger fraud, these include:

  • Opportunity
  • Rationalisation
  • Pressure

Trusted persons become trust violators when they conceive of themselves as having a financial problem that is non-shareable, are aware this problem can be secretly resolved by violation of the position of financial trust, and are able to apply to their own conduct in that situation verbalizations which enable them to adjust their conceptions of themselves as trusted persons with their conceptions of themselves as users of the entrusted funds or property (Donald R. Cressey, Other People’s Money (Montclair: Patterson Smith, 1973) p. 30

When offenders are allowed to commit fraud, they will do so promptly. An absence of core regulations or reporting structure/oversight increases the chances of fraud as the offenders are aware that they are unlikely to face any repercussions.

The offender then goes on to rationalise the repeated dishonesty, which, feasibly over a few years, rises slowly and becomes a prerogative as they feel entitled to the easily obtained profits they received from the deceptive act.

They may feel that the gains are easier to obtain rather than confronting the vast pressure, be it corporate reasons such as meeting organisation targets or personal pressures, such as addiction or financial crises which is what prompts them to carry out their fraudulent conducts over a prolonged time. Consequently, it is incredibly important to implement preventative measures to safeguard your organisation from fraud.

What preventative measures should I implement to fight fraud?

At CRI® Group, we offer a wide array of services catered to several industries to help implement anti-fraud procedures. Fraud can be found in many aspects of an organisational core and peripheral structure, so it is, therefore, important to tailor it to each element.

To detect employee fraud, for example, it is advised that you pursue the proficiency of a skilled employee fraud accountant as early as possible. Employee fraud accountant aids in inspecting an employee’s professional conduct. This can be done by obtaining and by reviewing your organisation’s bank statements and financial documents and advising you whether an employee is committing fraud and to what extent; the report will also give you the evidence you need to take the necessary action against your employee and act as a preventive to others. However, this is vastly different from conducting a pre-employment screening check.

What are the makes of an ideal candidate? The experience, qualifications, and academic accreditation, right? But how do you verify everything that they have presented to you? Employee background checks and necessary screenings are crucial to avoid a bad hire that can impact HR, your business, or even your brand –the financing of sufficient screening can save you time, money, and despair.

Know your workforce

Employee Background Checks investigate a potential candidate’s character in and out of their professional lives. These checks as inclusive of a candidate’s qualifications (documents provided), work history (with a reference check), right to work in the country and even a quick social media presence scan. Conducting employee background checks can diminish the probability of hiring a candidate who could cause irreversible damage to your organisation. Organisations can spend years and a substantial amount of money to brand their products and services; one bad hire is all it takes to cause a loss of capital and reputation to the extent that may cause an organisation to break.

EmploySmart™ is CRI®’s exclusive employee background checks service providing a comprehensive check of all the necessary data required for pre-employment. EmploySmart™ is a robust pre-employment background screening service certified for BS7858 and is used in a bid to avert inattentive hiring charges. CRI® helps organisations create a safe work environment for all and our EmploySmart™ system can be customised into special screening packages to meet the requirements of each specific position within your organisation. Why not check out our brochure?

DOWNLOAD BROCHURE

Implement a third-party risk management process

Apart from the internal aspects of fraud, it is equally as important to remember that fraud can happen with any external connections your organisation may have including suppliers, consumers, investors and so on. It is vital to ensure that you are conducting third-party risk management to avoid such an instance. CRI® Group’s private but professionally developed 3PRM™ facilities aid organisations in proactively abating risks from third-party associations, safeguarding your organisation from legal responsibility, brand damage, and any other impairment to the organisation. Regardless of where your organisation is in terms of the stages of development, our 3PRM™ solution is the perfect solution for eradicating exterior risks associated with your progress. The 3PRM™ restructures the third-party risk management process through scalability and efficiencies – from third-party risk identification to assessment. 

DOWNLOAD BROCHURE

Fraud can be an incredibly formidable task and with more legislation looking to be implemented regarding reporting fraud, you must keep yourself aware of it. 

Why not contact one of our specialists for a free 30-minute consultation? Our experts range from different fields and industries hence allowing us to provide your organisation with a truly bespoke service. Prevent fraud in your workplace today – it all starts with you.

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About the International Fraud Awareness Week

CRI® Group is once again a proud supporter of 2021’s International Fraud Awareness Week. Taking place throughout the week of November 14th to November 20th of 2021, International Fraud Awareness Week is a global effort is a move to diminish the influence of fraud by advocating for anti-fraud awareness and education. According to the 2021 ACFE Report to the Nations, organisations continue to lose about 5% of revenue to fraud each year and currently, there are more than 3.3 billion people in the global workforce with all of them having access to or control over some portion of their employer’s cash or assets – an amount which contributes to such a loss.

Corresponding to the most recent ACFE report, other fraud trends which have remained constant throughout the last few years include:

  • Asset misappropriation is the most identified scheme
  • Tips are the greatest process of exposure
  • The lengthier that fraud goes unbridled, the greater the median loss

Zafar Anjum, founder, and CEO of CRI® Group said that International Fraud Awareness Week (called Fraud Week, for short) is a crucial endeavour drawing attention to fraud and aiding to support better education towards communities about the liabilities that accompany fraud. “CRI® Group has been a proud supporter of Fraud Week for past years”, Anjum said. “It’s an important time to urge organisations of all shapes and sizes to conduct proper due diligence and minimise risk. Only by addressing fraud and corruption proactively can we make progress in preventing and detecting it”.

For CRI® Group, though, assisting organisations with the deterrence and detection of fraud is a year-round responsibility which is why Fraud Week is a wonderful occasion to acknowledge CRI® Group’s contemporary exertions in the bout alongside fraud; it is also a wonderful time to look ahead on CRI® Group’s activities which are all nearing their time of action.

 

2021 Fraud Week: Prevention is key

The 2021 Fraud Week: Prevention is key!

Every year, for one week in November, organisations around the world embrace a movement aimed to minimise and prevent fraud and corruption. International Fraud Awareness Week (“Fraud Week,” for short) is November 14-20, 2021, and CRI® Group has been an enthusiastic Official Supporter since the very beginning of this important campaign.

According to the ACFE, the world’s largest anti-fraud association and founder of Fraud Week, organisations worldwide lose an estimated 5 per cent of their annual revenues to fraud. To make things worse: “A single instance of fraud can be devastating: the median loss per fraud case was $145,000, and more than a fifth of the cases involved losses of at least $1 million.”

But there is good news. For Fraud Week, the ACFE offers some basic steps any organisation can take immediately to lessen their vulnerability to fraud:

  • Be Proactive. Adopt a code of ethics for management and employees. Evaluate your internal controls for effectiveness and identify areas of the business that are vulnerable to fraud. Find out more about what an Ethical code of conduct is and what should it cover?
  • Establish Hiring Procedures. When hiring staff, conduct thorough background investigations. Check educational, credit and employment history (as permitted by law), as well as references. Check out the consequences of neglecting background screening
  • Train Employees in Fraud Prevention. Do workers know the warning signs of fraud? Ensure that staff members know basic fraud prevention techniques, here are some Tips on Identifying and Preventing Employee Fraud
  • Implement a Fraud Hotline. Fraud is still most likely to be detected by a tip. Providing an anonymous reporting system for your employees, contractors and clients will help uncover more fraud. Find out more on how to set up an Ethics & Compliance Hotline.
  • Increase the Perception of Detection. Communicate regularly to staff about anti-fraud policies, ways to report suspicions of misconduct, and the potential consequences (including termination and prosecution) of fraudulent behaviour.

At CRI® Group, our experts are trained to help organisations implement the above measures. Our integrity due diligence and risk management services focus on preventing fraud before it happens, not after the fact, when it is often too late to recover stolen funds and assets.

In one case study, a multinational company engaged in the provision of equipment and supplies used by the medical industry contacted CRI® Group. The client wished to contract with a company and wanted to ensure that there were no regulatory or reputational problems associated with the potential partner, and thus wanted to know their track record, integrity and reputation.

During the course of this integrity due diligence, CRI® Group local operatives focused on whether the company in question was a legitimate business, and sought to identify the key players running operations both in Egypt and Iraq for the company in question. However, questions arose: Research showed no physical locations; the office address was found to be a residential site with no indication of business operations. No commercial relationships in Iraq were evident.

Local operatives further investigated the company’s distribution capabilities in the country, especially to the north and south, as claimed in a questionnaire provided to the client. Yet no information was found from any source to corroborate the company’s claims. Additionally, discreet interviews with local individuals found that no one was aware of the company.

Scepticism was confirmed, CRI® Group discovered that the company’s principal was previously charged with “criminal breach of trust” and there was still a trial proceeding with regional trial courts. Three other civil damages claims against the principal were discovered, with USD $1.2 million claimed in liabilities.

CRI® Group helped the client avoid becoming entangled with a fraudulent business and an alleged criminal – protecting the client from making a bad business deal that could have resulted in severe economic loss and a potentially damaged reputation. 

Our due diligence services can help put any organisation on the right track to being better protected and positioned to prevent and detect fraud – not just during Fraud Awareness Week, but year-round. Contact CRI® Group today.

 

Who is CRI® Group?

Based in London, CRI® Group works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk ManagementEmployee Background ScreeningBusiness IntelligenceDue Diligence and other professional Investigative Research solutions provider. We have the largest proprietary network of background-screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are we have the network needed to provide you with all you need, wherever you happen to be. CRI® Group also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle.

In 2016, CRI® Group launched the Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management SystemsISO 37301 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification. ABAC® operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI® Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organisations. Contact ABAC® for more on ISO Certification and training.

 

 

50th UAE National Day 2021

50th UAE National Day 2021

50th UAE National Day 2021. Today is the UAE’s National Day, which coincides with the country’s Golden Jubilee, marking 50 years since the founding of the Emirates, and we couldn’t be more excited to celebrate. This UAE National Day reflects the dreams, development and dynamism of the last 50 years for those who call this nation home. The UAE wasn’t always a prosperous, cosmopolitan country; the country had humble beginnings. The UAE’s rich history is rooted in trade. The Emirates’ location between Europe and the Far East attracted merchants from India and China and was prized by Europeans, particularly the Portuguese, Dutch and British.

Those working from Sunday to Thursday get four days off to celebrate National Day and Commemoration Day from Wednesday, December 1 to Saturday, December 4, giving both private and public sectors a much-needed four-day weekend. Read more about the public holiday hereJoin us as we celebrate the remarkable journey of the UAE and now it’s time to experience the festivities together as we honour the Year of the 50th. across Dubai.

Who are Corporate Research and Investigations Limited (CRI® Group)?

Ever since 1990, Corporate Research and Investigations Limited (CRI® Group) has committed itself to safeguard organisations from fraudbribery and corruption. Based in London, United Kingdom, CRI® is an international organisation with specialists and resources situated in key, provincial marketplaces throughout the Asia Pacific, South Asia, the Middle East, North Africa, Europe, North and South America and aim to shield organisations from detriment by determining the lawful compliance, financial feasibility, and integrity measures of external partners, suppliers and consumers pursuing to associate themselves with your brand. They are acknowledged as a prominent Compliance and Risk Management organisation accredited and interconnected in the objectives of the Dubai International Financial Center (DIFC) and Qatar Financial Center (QFC).

With a profession spanning over 30-years in the disciplines of fraud prevention, defensive integrity, security and compliance, CRI® Group’s CEO Mr Zafar Anjum is a highly revered authority in his line of work. As a dependable influence in the field of fraud deterrence and protections together with commercial clients, management organisations and trade units, Mr Anjum is renowned for producing secure and reliable networks throughout the dynamic, challenging worldwide markets. In conjunction with a remarkable educational experience coupled with his trade proficiency, Mr Zafar Anjum is continually the first accredited global investigator on the scene when multi-national EMEA corporations pursue to eliminate compliance or security breaches.

2016 found the organisation instituting the Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence – an autonomous certification body that aims to assist organisations in abating core risks as well as peripheral ones through the delivery of a comprehensive group of Anti-Bribery, Compliance and Risk Management programs.

Why CRI®?

CRI® Group’s extensive efforts and reliable record in this field of work heavily align with what The UAE Innovation awards stand for – the aim to assist organisations across various sectors in strengthening their vetting capabilities in a manner that demonstrates sustainability in and of the public interest at large while maintaining legalities and development within the internal corporate structure is one to advance innovation in the industry for certain. In a sector that is accelerating the congealment of innovative proficiencies across a countless sum of industries comprising of automotive, aviation, oil, gas & energy, IT & telecommunications, property and many more industries, the services that CRI® Group have to offer paired with a constructive influence on the society adjacent to it, a significant increase in the development of innovative systems is certainly to be anticipated.

 

CRI® Group celebrates its UK anniversary!

CRI® Group celebrates its UK anniversary!

CRI® Group is delighted to be celebrating its UK birthday today. Being a global leader in Risk, Compliance and Anti-Corruption Management Systems, and a provider of a background screeninginvestigative due diligencethird-party risk managementcompliance, and other professional investigative research services, CRI® Group is thrilled to have accomplished a multitude of milestones despite that abrupt occurrence of the pandemic. From the very beginning, the CRI® Group has been dedicated to safeguarding organisations, helping businesses fight bribery and corruption while promoting transparent business relations. “Investigative results are for the people, to get informed decisions” embodies CRI® Group’s values and aspirations.

CRI® Group: A Brief History

CRI® Group was initially founded as the “Metropolitan Detective Agency”, a one-person private investigation firm that dealt with insurance claim investigations by Mr Muhammad Anwar Naveed – father of CRI® Group CEO Mr Zafar I. Anjum. In 1990, Mr Zafar Anjum (a former member of the Pakistan Rangers who had received a Graduate Diploma from Pakistan Detective Training Institute PDTI) officially launched the organisation as a signposted district level detection agency with services ranging from insurance claim fraud investigations to background checks and due diligence.

While working on one insurance fraud case, Mr Zafar Anjum realised that a specific aspect of the affair struck him: Whereas the justice system deals with most types of crime, fraud is peculiar in that it often mandates investigation by an external agency or organisation which specialises in fraud detection.

“I noticed that such organisations were sorely lacking in Pakistan at the time – and that there was a distinct lack of counter fraud education in the general population, which aided those committing fraud greatly”, Mr. Zafar Anjum said. “Furthermore, even where individuals were aware that they were being defrauded, they lacked the knowledge of how to effectively resolve disputes between themselves and the defrauder. Therefore, we started a very first corporate investigation company in Pakistan specialising in Fraud Risk Investigations, Risk Consulting and Compliance solutions”.

Mr Zafar Anjum raised the firm to a new level in 2001 when he incorporated and registered it in Pakistan as a Private Limited Company with a new name: Corporate Research and Investigations (Private) Limited, offering full-scale investigative research services. Corporate Research and Investigations Limited were incorporated in 2006 in the UK, and Corporate Research and Investigations LLC DIFC was incorporated in 2008 in UAE. Today, the company stands as a leader in employee background screening services, investigative due diligence, third-party risk management services and Anti-bribery Management Systems. CRI® Group safeguards some of the world’s leading businesses by establishing the legal compliance, financial viability and integrity levels of outside partners, suppliers and customers seeking affiliation.

CRI® Group is a global firm with experts and resources located in key regional marketplaces across the Asia Pacific, South Asia, the Middle East, North Africa, Europe, and North America. The company’s success and growth continue, even expanding into North and South America and Asia while opening three new branches in Toronto (Canada), São Paulo (Brazil) and Shanghai (China) pre-pandemic. CRI® Group also established the ABAC® Center of Excellence to educate, equip and support the world’s leading business organisations with the latest best-in-practice risk assessments, performance assessments, systems improvement, and standards certification.

CRI® Group and ABAC® always stand ready to assist organisations on every level and together achieved many significant accomplishments within just the past year alone. From expanding service capabilities to launching podcasts, CRI® Group and ABAC® have been busy helping businesses overcome risk management challenges. We collated a few of our achievements below.

Enhancing Service Capabilities Across The Globe

Anti-Money Laundering (AML)

As part of our commitment to supplying organisations to address AML challenges in the best way possible, we have extended our scope of the AML services package. At CRI® Group, we understand that as a business entity with a range of subsidiary partner operations that cross several distinct business sectors, an organisation needs to recognise that it is targeted by hostile entities seeking to take advantage of its market presence. One of the company’s key challenges is corporate finances control and movement and ensuring that effective Anti-Money Laundering (AML) Framework procedures and practices are in place. Organisations also need to comply with national, regional, and international legislative frameworks. As this might be overwhelming, we created the following scope of work for organisations to demonstrate adequate procedures:

  • In-Depth Anti-Money Laundering Risk Assessment
  • GAP Analysis for the scope of ISO 37301:2021 Compliance Management System
  • Provision of AML Framework
  • Global Sanction Screening and Third-Party Risk Management

Find out more about our AML Advisory Solutions

Third-party risk management services

Earlier this year, CRI® Group announced launching a third-party compliance verification and certification program – 3PRM-Certified™ – across the Middle East, Europe, and Asian region. This Third-Party Risk Management (TPRM) program can help organisations establish the legal compliance, financial viability, and integrity levels of outside partners, suppliers, and customers seeking to affiliate with their business.

Third-party relationships are critical in business today and include partnerships with suppliers, distributors, consultants, agents, and other contractors. While such affiliations are essential to the success of organisations, organisations cannot overestimate the consequences of inadequate due diligence. The risk of data breaches and supply chain disruptions continues to rise with COVID-19, so does the need for an effective TPRM program. 3PRM-Certified™ program is an all-in solution for global organisations and experts from TPRM professionals looking for a certification to advance their skillsets. It is to company leaders considering how to better equip their teams with the best knowledge and skills. Learn more about our 3PRM-Certified™ download our 3PRM Brochure

ISO 31000 training through ABAC®

We also expanded risk management services through CRI Group’s ABAC® Center of Excellence. This year, ABAC® launched the ISO 31000 risk management training, which helps organisations see both the positive opportunities and negative consequences associated with risk and allow for more informed, and thus more effective, decision making, namely in the allocation of resources. This standard can be an active component in improving an organisation’s governance and, ultimately, its performance.

This course is intended for risk, compliance, and finance managers and professionals looking to expand their understanding of risk management and ISO 31000 auditors. They want to know more about the standard implementation. The online training engages with thought-provoking activities and assessments and helps develop the knowledge that suits teams best – our e-learning platform is user-friendly. It provides 24/7 access during the designated course material access days. After the course, graduates will recognise, evaluate, assess and treat risk with confidence. Learn more about our ISO training with ABAC®

On A Mission To Promote Transparency And Ethics

The very first ABAC® podcast

At CRI Group and ABAC® Center of Excellence, we are committed to spreading the knowledge about the negative impact of bribery and corruption to global businesses and promoting transparent business relations across the world. Every day, we work extensively to deliver the news, whitepapers, and other insights to help organisations overcome bribery and corruption challenges and manage risks more effectively. As part of this effort, in spring 2021, we introduced our very first ABAC® podcast, where you can listen to the insights from our team into risk, compliance, and anti-bribery anti-corruption solutions at the time and place of your convenience. Listen to the very first ABAC® podcast series on Spotify or Anchor!

Anti-bribery, anti-corruption and risk management webinars

During the last year, CRI® Group’s ABAC® was proud to partner up with leading organisations in Malaysia for ABAC events  – Malaysian Institute of Corporate Governance (MICG)Christopher & Lee Ong, and hosted webinars on Section 17a of the MACC Malaysia Act, how to Combat Corruption, Fraud, and Economic Crime, and how to Protect Companies from the Global Corruption Pandemic.

Featured in leading industry resources

This spring, CRI® Group and its ABAC® were featured as industry leaders in Financier Worldwide’s in-depth Features: Anti-Money Laundering in UAE 2021Corporate fraud & corruption in the UK & UAE 2021. CRI® Group’s CEO Zafar Anjum was also interviewed at FW’s Investigations & White-Collar Crime 2021 issue and was invited to speak at The MGCC® Podcast by the Malaysian-German Chamber of Commerce and Industry to talk about the ever-present topic of corruption and bribery.

Zafar Anjum has also been invited to have coffee with the CEO of Clubs Pakistan. Called a “Trillion Dollar Club”, CEO Clubs Network holds high-level delegation visits to various countries to meet distinguished business figures, community leaders & government officials of specific countries and introduce or be introduced of Investment and Partnership Opportunities, Joint Ventures, Mergers etc. Click below and watch the coffee session now! Stay updated and sign up for our newsletter.

Eliminating Risks In Human Resources And Helping To Build A Pool Of The Right Candidates

CRI® Group conducted the survey to measure human resources’ pulse and identify how can CRI® Group support HR needs during a challenging time in business worldwide. The survey revealed that few in the HR world are untouched by COVID-19: more than 88 per cent of respondents said that the pandemic is impacting their HR operations, and 65 per cent are considering new ways to retain employees during the crisis. To help tackle the challenges and to give more clarity on the employee background checks best practices during this difficult time and beyond, CRI® Group produced the following publications:

Numbers don’t lie – findings from an investigative team

For the post-employment screening process, CRI® Group was recently tasked to process an employee’s educational credential verification for one of its clients. It was the first time the candidate was undergoing the background screening, so the subject was already working in the organisation.

To verify employees’ education, CRI® Group followed the usual protocol and reached out to the University to initiate the degree verification process. When the local investigator contacted the University with the subject’s educational credentials and certificates, the University informed the researcher that no such degree or certificate had been issued to the topic. On further investigation and re-verification of the mark-sheet certificate, the University issued a formal statement. It informed CRI® Group that upon checking the mentioned seat number/serial number/registration number of the provided degree in their database, it was found to be incorrect in university records. Consequently, the degree claimed by the candidate was confirmed to be fake or bogus.

Did you know that our investigative team identified that 1.91 % of all degrees checked were fake?  The operations team also found that providing incorrect employment details is the most common red flag, as our team uncovered it in about 4.5 per cent of background screenings. This is followed by delivering incorrect education degree details and having adverse media (unfavourable news or online mentions), both at 2.33 per cent. That might be eye-watering news to organisations when they become victims of such employee fraud schemes. Did you take good care of screening your candidates? Get in touch for a free risk assessment!

CRI® Group is honoured to have proudly served organisations, government agencies and other bodies for the past 31 years. The company’s mission is to safeguard the corporate world by detecting and exposing bribery and corruption before it can cause irreparable harm to a business. ABAC® Center of Excellence also fills a critical role in educating, training, and certifying organisations to prevent bribery and corruption.

The industry-leading services CRI® Group and ABAC® provide are in high demand, and we look forward to more years in preventing and detecting fraud, corruption, and unethical behaviour for clients worldwide. Visit CRI Group and ABAC® Center of Excellence today.

UK solicitor sentenced to four years in prison over £2.3m fraud

UK solicitor, Andrew Davies defrauding his firm £2.3m jailed

A former senior partner, the UK solicitor, has been jailed for four years after defrauding his firm out of a total of £2.3m. Andrew Davies, 59, paid personal invoices to himself from the business and under-declared £1.1m in stamp duty land tax to HM Revenue and Customs (HMRC) for over nine years.

Davies pleaded guilty to one count of fraud by false representation at Reading Crown Court in 2019 and was sentenced to four years imprisonment in January this year. As a senior partner at the firm, Andrew Davies managed to defraud it out of the money by paying personal invoices to himself from the business account.

The 59-year-old also under-declared £1.1m in Stamp Duty Land Tax to HMRC over nine years, over-declaring tax to clients and then taking money from the solicitor’s firms account for himself, both defrauding the company he worked for and HMRC at the same time.

Davies also raised invoices to pay over £1.6 million to his friend Stephen Allan, who worked as a property developer and was a firm client. The 62-year-old from Bishop’s Stortford was convicted at Reading Crown Court on one count of money laundering and jailed for three years.

In a statement, police mentioned the convictions and sentencing of a solicitor’s firm in Berkshire defrauded out of £2.3m between 2010 and 2017.

Allan then made smaller payments into Davies’ account and also pocketed around £400,000 himself. The solicitor extracted funds from the firm’s client account, paying it to Allan in transactions described as ‘fees’, but there was no known work for this.

Davies of The Street, West Clandon, Guildford, and Allan of Thornberry Road, Bishops Stortford, Hertfordshire, were charged by police officers in August 2019.

The statement did not name the firm, but a Solicitors Regulation Authority notice has previously stated that Davies worked for Reading firm Pitmans LLP, which has since become part of another practice. Davies has already been struck by the Solicitors’ Disciplinary Tribunal and ordered to pay £17,000 in costs.

Investigating officer Detective Constable Katie Taylor of Thames Valley Police’s Economic Crime Unit said: ‘In this case, a solicitor trusted to safeguard client funds abused this position and systematically defrauded his firm of large sums of money for his benefit.

‘He then used a corrupt relationship to launder the proceeds of his crime through a property developer. These professional enablers of organised crime represent a significant risk, and we hope that the conviction and sentence, in this case, will act as a deterrent to others.’

Source: Financial Crime News & The Law Society Gazette

 

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About CRI Group

Based in London, CRI Group works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk ManagementEmployee Background ScreeningBusiness IntelligenceDue DiligenceCompliance Solutions and other professional Investigative Research solutions provider. We have the largest proprietary network of background screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are, we have the network needed to provide you with all you need, wherever you happen to be. CRI Group also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle.

In 2016, the CRI Group launched the Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence – an independent certification body established for ISO 37001 Anti-Bribery Management SystemsISO 37301 Compliance Management Systems and ISO 31000 Risk Management, providing training and certification. ABAC® operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organisations.

You suspect employee fraud. Now what?

When any type of fraud, including employee fraud, is discovered, it’s usually by surprise. That’s because most of us aren’t used to looking for criminal behaviour inside our own organisation. We trust…
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CRI® Group celebrates World Accreditation Day

Accreditation has a positive impact on consumers, suppliers, purchasers, and regulators across industries and organisations all over the world. Proper accreditation and certification can demonstrate necessary expertise and training, and ensure quality and reputability.

That’s why CRI® Group and its ABAC® Center of Excellence celebrates World Accreditation Day on Wednesday, 9 June 2021. We understand that being affiliated with leading certification and accreditation bodies around the globe provides assurance to our clients, partners, and governing organisations that we have the highest level of knowledge and rigorous testing that our field requires.

World Accreditation Day (#WAD2021) is a global initiative established by ILAC and IAF to promote the value of accreditation. This year’s theme is Accreditation: Supporting the Implementation of the Sustainable Development Goals (SDGs): “The SDGs are at the core of the United Nations’ 2030 Agenda for Sustainable Development, a broad and ambitious plan of action with the overarching objective of leaving no one behind. Accreditation, in collaboration with other quality infrastructure institutions, provides the technical foundations that are critical to the functioning of developed and developing societies. It enables industrial development, trade competitiveness in global markets, efficient use of natural and human resources, food safety, and health and environmental protection”.

While the COVID-19 pandemic might have disrupted the WAD celebration this year, CRI® Group and ABAC® encourage you to celebrate with us online while sharing Joint StatementPosterBrochure and videos from the IAF-ILAC Youtube channel published by IAF and ILAC for WAD 2021 to raise awareness on the value of accreditation and look into our certification opportunities and how can it help you to contribute to UN’s SDGs.

Accreditation, WAD, accreditation day

World Accreditation day: Contribute to sustainable development goals with ISO standards

International Standards published by ISO represent globally recognised guidelines and frameworks based on international collaboration. ISO standards “provide a solid base on which innovation can thrive and are essential tools to help governments, industry and consumers contribute to the achievement of every one of the SDGs”. For every SDG goal, ISO has identified the standards that make the most contribution. We are proud to announce that all ISO standard certification, implementation or training offered through ABAC®, contribute to at least 3 of the UN’s sustainable development goals.

On this year’s World Accreditation Day, visit our ABAC® to read the full article and learn more about how your organisation can benefit from ISO standards today.

 

About us…

Based in London, CRI® Group works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk ManagementEmployee Background ScreeningBusiness IntelligenceDue DiligenceCompliance Solutions and other professional Investigative Research solutions provider. We have the largest proprietary network of background screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are, we have the network needed to provide you with all you need, wherever you happen to be. CRI® Group also holds BS102000:2013 and BS7858:2019 Certifications is an HRO certified provider and partner with Oracle.

In 2016, CRI® Group launched the Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management SystemsISO 37301 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification. ABAC® operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI® Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organisations. Contact ABAC® for more on ISO Certification and training.

 

MEET THE CEO

Zafar I. Anjum is Group Chief Executive Officer of CRI® Group (www.crigroup.com), a global supplier of investigative, forensic accounting, business due to diligence and employee background screening services for some of the world’s leading business organisations. Headquartered in London (with a significant presence throughout the region) and licensed by the Dubai International Financial Centre-DIFC, the Qatar Financial Center – QFC, and the Abu Dhabi Global Market-ADGM, CRI® Group safeguard businesses by establishing the legal compliance, financial viability, and integrity levels of outside partners, suppliers and customers seeking to affiliate with your business. CRI® Group maintains offices in UAE, Pakistan, Qatar, Singapore, Malaysia, Brazil, China, the USA, and the United Kingdom.

Contact CRI® Group to learn more about its 3PRM-Certified™ third-party risk management strategy program and discover an effective and proactive approach to mitigating the risks associated with corruption, bribery, financial crimes and other dangerous risks posed by third-party partnerships.

CONTACT INFORMATION

Zafar Anjum, MSc, MS, CFE, CII, MICA, Int. Dip. (Fin. Crime) | CRI® Group Chief Executive Officer

37th Floor, 1 Canada Square, Canary Wharf, London, E14 5AA United Kingdom

t: +44 207 8681415 | m: +44 7588 454959 | e: zanjum@crigroup.com

Why International Fraud Awareness Week is a great time to reflect

CRI® Group is once again a proud supporter of 2021’s International Fraud Awareness Week. Taking place throughout the week of November 14th to November 20th of 2021, International Fraud Awareness Week is a global effort is a move to diminish the influence of fraud by advocating for anti-fraud awareness and education. According to the 2021 ACFE Report to the Nations, organisation’s continue to lose about 5% of revenue to fraud each year and currently, there are more than 3.3 billion people in the global workforce with nearly all of them having access to or control over some portion of their employer’s cash or assets – an amount which contributes to such a loss.

Corresponding to the most recent ACFE report, other fraud trends which have remained constant throughout the last few years include:

  • Asset misappropriation is the most identified scheme
  • Tips are the greatest process of exposure
  • The lengthier that fraud goes unbridled, the greater the median loss

Zafar Anjum, founder, and CEO of CRI® Group said that International Fraud Awareness Week (called Fraud Week, for short) is a crucial endeavour drawing attention to fraud and aiding to support better education towards communities about the liabilities that accompany fraud. “CRI® Group has been a proud supporter of Fraud Week for past years”, Anjum said. “It’s an important time to urge organisations of all shapes and sizes to conduct proper due diligence and minimise risk. Only by addressing fraud and corruption proactively can we make progress in preventing and detecting it”.

For CRI® Group, though, assisting organisations with the deterrence and detection of fraud is a year-round responsibility which is why Fraud Week is a wonderful occasion to acknowledge CRI® Group’s contemporary exertions in the bout alongside fraud; it is also a wonderful time to look ahead on CRI® Group’s activities which are all nearing their time of action.

Here are just a few of the highlights:

Active Participants 

CRI® Group participated in conferences as a means of educating professionals on fraud and corruption; such as the PBSA 2021 Annual Conference. Furthermore, our experts discussed ISO 37001 and other anti-bribery management solutions with a range of industry professionals across the world by inviting them as speakers to our webinars and actively collaborating with them through other means. “CRI Group is comprised of subject-specific experts with diversified speciality areas,” Anjum said. “Our audit team has years of substantive field experience as investigators, compliance officers and legal professionals.”

Continue educating the masses

With ABAC® in place, we found that corporate leaders were eager to learn more about preventing bribery and fighting corruption however, one other obstacle remained in our way; the pandemic. 2021 saw CRI® alongside ABAC® continue their efforts to share best practices, demonstrate resources and discuss the latest technology for preventing corruption despite the global pandemic which admittedly, probably has changed the way the corporate world works forever. Our webinars are designed with every passing moment in mind so that solutions and advice can be entirely bespoke to the client at hand. Our webinars to date include:

We kicked off the year with a webinar built to explore and identify a combination of institutional solutions for managing and monitoring corporate compliance to prevent bribery and corruption in a modern enterprise. The aim of this webinar was to identify how to protect your organisation from global corruption and to critically assess the applicability of several recent legislative guidelines to the proactive mitigation of corruption and bribery in corporate administration across the world. Based on Airbus and Rolls-Royce cases of multinational, multi-party bribery, the webinar dived into the consequences of systemic inadequacy, confirming a paradigm shift in corporate oversight and network risk management.

We explored what course of action to take in the first 48 hours after discovering bribery as well as how to prepare for such crisis management and finally, how to manage the risks more effectively and minimise the chances of such a situation happening at all. Key speakers consisted of CRI® Groups/ABAC®’s own Zafar Anjum, and Robert Youill, Executive Director at Key Risk Consulting Asia. Both talked about the steps you have to take in the next 48 hours after bribery is discovered concerning your organisation and how to identify the gaps in your existing anti-bribery anti-corruption management system.

Here at CRI®, we like to say why be a part of the problem when you can be a part of the solution? This webinar covered information regarding bribery, including consequences of bribery and defences to bribery as well as an overview of the regulatory framework, specifically the New Corporate Liability provision under Section 17A of the Malaysian Anticorruption Commission Act 2009 and a comparative study of Section 7 of the UK Bribery Act 2010. This webinar is great for organisations who wish to widen their knowledge and expertise regarding the ISO 37001 Anti-bribery Management System standard.

  • What does it mean to be a whistleblower? with MACC Senior Assistant Commissioner & Head Private Sector Branch Community Education Division (Tuan Haji Mohd Nur Lokman Samingan) and President – Association of ABMS Practitioners Malaysia, Dr KM Loi

Whistleblowing does not only refer to the act of a whistleblower who informs, reports or discloses on someone or the organisation is conducting or going to conduct any illicit activity which may harm the interests of stakeholders. Meanwhile, it has also emerged in its mainstream functions and the essential roles in leading today‘s modern corporations to enforce effective whistleblowing policy within their compounds of governance. The goal was to provide resources and access to organisations around the globe on standards and certifications that will aid them in expansion and an ethical working environment.

Widespread trust is built on a company culture of doing the right thing, where every employee contributes because they understand and believe in its importance. Our “Building a Culture of Compliance and Trust Through ISO 37301:2021 CMS” webinar in collaboration with Dubai Quality Group and our sister brand the Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence highlighted all essential parts of a corporate compliance program. The aim of this webinar was to be able to provide resources on corporate compliance and due diligence to organisations around the globe that will aid them in expansion and an ethical working environment.

All of our webinars are designed with our audience and beyond in mind and we aim to educate and equip corporate leaders of all industries and sizes with the resources we have available to us.

Raised fraud awareness

Our content is created to inform and provide important information that might be missed in today’s news cycles – that being said, CRI® Group has produced more than 50 educational news articles and publications to help educate business leaders, government leaders, professionals and the public about fraud and corruption. Our subject matter experts deliver important information, such as why forensic accounting can be important during a fraud investigation, or how risk assessments can be used to better protect your organisation.

The methods for committing fraud are ever-evolving, so it’s no question that our experts remain dedicated to building their skill sets and staying on the cutting edge in a bid to help clients be successful in detecting and deterring fraud in and out of their immediate workspace. To do so we have launched a few new educational articles:

 

Collaborating with Anti-Bribery Anti-Corruption Centre of Excellence (ABAC®)

At CRI® Group, we recognised the need for an independent certification body for ISO 37001: Anti-Bribery Management System which is why we founded the ABAC® Center of Excellence back in 2016. Our goal was and still is to assist organisations worldwide in certification for anti-corruption, risk management and compliance; we do this largely by providing training and certification for ISO 37001. Our experts help organisations implement effective anti-bribery management programs using widely accepted controls, systems and best practices in line with local and international legislation. 2021 allowed CRI® Group various opportunities to work hand in hand with our sister brand to materialise our missions at both brands and make them into a reality that benefited so many corporate leaders and personnel across the globe.

CRI® group is proud to announce that we will be hosting a free webinar on December 9th 2021 in conjunction with our sister brand Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence Group. Our intention is to be able to provide resources on corporate compliance to organisations around the globe that will aid them in expansion and an ethical working environment. In recent years, third-party risk management has become a primary concern for organisations, amid increased outsourcing against a backdrop of rising costs, digitisation and low-interest rates, which have put downward pressure on margins. While there are many benefits driving outsourcing, e.g., increased efficiency and scale, it naturally also increases the level of risk and complexity of third-party relationships. Coupled with increased lengths of agreements, on average five to seven years, the need for ongoing performance management becomes that much greater.

Take advantage of this free webinar on third-party due diligence and oversight. Register below and save your seat today!

SAVE YOUR SEAT

Accrediting global corporations with ISO 37001

CRI® Group’s sister brand ABAC® Center of Excellence was also incredibly honoured to earn official accreditation from Emirates International Accreditation Center – EIAC (UAE) to administer training and certification for ISO 37001 ABMS. The year 2021 saw the ABAC® Center of Excellence accrediting organisations such as UDA Holdings Berhad Group (UDA) and Mubadala Petroleum with the certification which is a success in the sense of achieving a transparent corporate model. Founder and CEO of CRI® Group Zafar Anjum has stated “EIAC provide objective evidence that organisations operate at the highest level of ethical, legal and technical standards…That’s exactly where ISO 37001 fits in – helping to protect organisations from bribery and money laundering.”

Found fraud

Through various client engagements, CRI® Groups investigative analysts found a large number of red flags indicating possible fraud. How many? The answer may be surprising: our agents discovered more than 700 red flags across 80 countries. The first step in fighting fraud is knowing that it exists. The sooner it is discovered, the less damage a fraud scheme can do to an organisation.

During International Fraud Awareness Week, think about the statistics at the beginning of this article … and ask yourself or your colleagues: Are we doing all we can to prevent fraud? Remember, the landscape is always changing, and fraudsters will do everything they can to use evolving technology and other methods to find vulnerabilities. Moreover, the best way to fight fraud is to prevent it in the first place. CRI Group is here to help, contact us today to learn more.

Who is CRI® Group?

Based in London, CRI® Group works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business IntelligenceDue Diligence, Compliance Solutions and other professional Investigative Research solutions provider. We have the largest proprietary network of background-screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are we have the network needed to provide you with all you need, wherever you happen to be. CRI® Group also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle.

In 2016, CRI® Group launched Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems, ISO 37301 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification. ABAC® operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organisations. Contact ABAC® for more on ISO Certification and training.