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UAE “E-Invoicing” is Here: What it means for Fraud Risk and Financial Controls
The UAE’s move towards mandatory e-invoicing marks a significant step forward in modernising financial reporting, improving tax transparency, and strengthening regulatory oversight. For many organisations, the immediate focus will be on technology implementation, Enterprise Resource Planning integration, supplier engagement, and VAT compliance. While these areas are critical, businesses should not overlook another important consideration: FRAUD…
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QCB Regulations for Banks in Qatar: Fraud Risk Management
Anti-Fraud is on the agenda of the Qatar Central Bank (QCB). As digital channels expand, payment ecosystems grow more complex, and fraud typologies evolve rapidly, the QCB has responded by setting clear regulatory expectations around how banks must prevent, detect, investigate and report fraud. These expectations are not theoretical. Through the Technology Risks Regulation for Banks, supported by corporate governance…
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Deepfake Fraud cases: How is it impacting CEOs, Celebrities and Industries?
Introduction to Deepfake Fraud Artificial intelligence (AI) has transformed industries, from revolutionising diagnostics in healthcare to automating financial forecasting. But as with any powerful tool, its misuse can be devastating. Among the most alarming threats emerging from AI’s darker side is deepfake fraud, where synthetic media convincingly impersonates real people to deceive, manipulate, and defraud.…
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Investigating Crypto Fraud: Asset Tracing & Recovery
Cryptocurrency is a type of digital asset that can be traded electronically. Often referred to as crypto, it is a virtual currency that uses cryptographic techniques to ensure secure transactions. Crypto wallets come in various forms, including hardware, software, and even paper. Most crypto operate on a blockchain, a decentralised public ledger that records all wallet transactions in a transparent and immutable manner. The ledger…
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Business Fraud: What it is and how to respond to it?
Business Fraud can be quite an elusive subject when it comes to its definition. Also known as corporate fraud, commercial fraud or organisational fraud, there is no single, universally accepted, legal definition of business fraud; therefore, as the ACFE agrees, it tends to mean different things to different stakeholders. That being said, for the sake of clarity, a working understanding of corporate fraud can be understood as illicit acts that look to manipulate or divert resources…