Category: Articles and Analysis
The festive period is undeniably a hectic time of year. According to the FCA, many people are concerned about being able to afford Christmas and resort to borrowing money to cover the costs. This also leads to a rise in fraudsters looking to take advantage of people’s desperation. However, it’s not just parents with young […]
The landscape of remote work presents a challenge for employers: how to monitor workers while respecting their rights and maintaining a balance between productivity and privacy. The Information Commissioner’s Office (ICO) has stepped in with crucial guidance, aiming to help employers navigate through what could become an area of complexity. Survey Findings A survey conducted […]
The exponential rise in cyber-attacks, ransomware reports and data breaches has given organisations of all sizes an increased focus on securing personal and company data. Cyber-crime and attacks are becoming increasingly more sophisticated and stealthier, targeting people, organisations, supply chains, data networks and company devices. Threat actors (criminals) are continuously looking for vulnerable targets that [...]
Industry Insights, character and regulatory references complement and add value to quantitative data and information with respect to individuals, entities and markets. Industry Insights are a crucial part of Due Diligence research and provides clients with deepened understanding and valuable context in respect of people’s characters, entity workings and events/circumstances. It is especially valuable when […]
The scale and impact of fraud is vast. It is estimated that organisations can lose between 2% and 5% of their expenditure as a result of fraud. The loss of money can result in reputational damage for a company at best. At worst, it can result in the loss of investment opportunities, loss of employment, […]
In my last insight on the topic of Fraud (which you can read here), I outlined the new “failure to prevent fraud” offence in the UK, and how to implement a fraud prevention framework. In this latest insight, the finer points of fraud prevention measures are highlighted. Did you know that the three points of […]
An important aspect of preventing and disrupting fraud and financial is understanding the mindset of fraudsters and why they commit fraud in the first place. The Fraud Triangle was developed by criminologist Donald R Cressey, and it suggests that people will commit fraud when the following three factors are present: Pressure / motivation – such […]
Introduction In today’s intricate business landscape, risk assessment and compliance are paramount for safeguarding the interests of both investors and businesses. Two crucial terms that frequently surface in this context are “due diligence” and “enhanced due diligence (EDD).” While both share the common goal of mitigating risks, it’s crucial to discern the subtle disparities between […]
“It will never happen to me”, is a phrase we often hear when it comes to fraud. Yet, in reality, fraud is the most predominant criminal offence in the UK. A recent Parliamentary report stated that fraud accounts for 40% of all reported crimes in the period ending September 2022. More worrying is that this […]
Are Sanctions Working? Strict sanctions enforced on Russia by Western nations have become even more stringent in the wake of the Russian invasion of Ukraine. Yet the subsequent economic collapse predicted by some has not materialised, and the Russian economy seems to be quite resilient. This means that the Russian government can continue to fund […]