Your Asset Search & Trade-Based Money Laundering
If your adversary is using a business entity to conceal assets from you, one thing to look for is trade-based money laundering. A June 2006 report by the Financial Action Task Force explains that trade-based [...]
Does it surprise you that the average 5.47% loss in revenue from fraud suffered annually by companies across the world can account in some cases for more than 90% of your profits? GalleryDoes it surprise you that the average 5.47% loss in revenue from fraud suffered annually by companies across the world can account in some cases for more than 90% of your profits?
Does it surprise you that the average 5.47% loss in revenue from fraud suffered annually by companies across the world can account in some cases for more than 90% of your profits?
In a recent report from the Centre for Counter Fraud Services (CCFS) at Portsmouth University and accountancy firm BDO, a study of 178 FTSE-registered mining companies showed fraud had removed all but just 8% of [...]
FTSE-250: how to change the culture and kill fraud
As fraud eats its way through profits of some of the richest FTSE 250-listed businesses in the UK has your company got all possible cyber safeguards in place and if not, why not? There’s no [...]
How carelessness costs companies
Where on earth do you start to educate your workforce that ‘carelessness costs’? You could begin by taking a look at the server cabinet or behind that formidable bank of desktops. Is your cabling a [...]