Compliance Consultancy
Risk management and Consultancy firm

Anti Fraud

Fraud is a significant risk for businesses, with technological advancements leading to an increase in diverse fraud patterns. To prevent, detect and treat fraudulent situations, companies need to evolve anti-fraud technologies accordingly. A risk-based approach to anti-fraud measures is required, and an operational anti-fraud expertise offered by a company can help provide rigorous investigation and appropriate responses.

What is the definition of fraud?

Anti-Fraud Operational Expertise Company services
Fraud is the intentional misrepresenting of facts to benefit personally or financially. It can take many different forms, such as fabricating transactions or identities or forging documents, stealing assets, distorting financial accounts, etc. Fraud can be committed by people, groups, or even governments, and it can happen in both personal and professional settings. Fraud is a crime that carries serious financial and legal repercussions for those found guilty of perpetrating it.

How can fraud impact your company?

A firm may suffer from financial losses, reputational harm, and legal repercussions because of fraud. Fraudulent actions can result in financial statement misrepresentation, which can deceive lenders, investors, and other stakeholders and eventually impair the company's long-term viability and financial stability. Fraud can harm a company's reputation as well, resulting in a decline in customer confidence and unfavorable press coverage.

Moreover, fraud can have serious legal and regulatory repercussions, such as fines, penalties, and legal costs, all of which can negatively impact a company's financial success.

Fraud can undermine a company's production and performance by fostering a culture of mistrust and lowering employee morale.

How can Pideeco help you with Anti Fraud?

To prevent damage to your company, our experts can help you to:

- Assess your anti-fraud procedures and deliver a profound gap-analysis.

- Create and implement a mitigating action plan for your anti-fraud procedure gaps.

- Navigate the regulatory landscape concerning fraud.

- Draft or improve your anti-fraud policies and procedures.

- Rigorously investigate any suspicious fraud cases within your company and advise you on the next steps to take.

- Adopt a risk-based approach that guarantees the prevention and detection of fraud risks for your company.

- Train your staff members on anti-fraud procedures also by highlighting past events within the sector.

Let us know how we can help! We'll get back to you lightning quick!

You'd rather talk face to face? Complete the form and schedule a meeting

Was this service page helpful ?  
Payment Service Directive 2 - Compliance Consultancy
Payment Service Directive 2

Since 2007, the technological development and the growth of electronic and mobile pay...

Sanctions and Embargoes - Compliance Consultancy
Sanctions and Embargoes

What is an embargo?As a result of globalization, businesses are more likely to face t...

Customer Due Diligence - Compliance Consultancy
Customer Due Diligence

Customer due diligence (CDD) is the process of verifying the identity of a customer o...

Anti Fraud - Compliance Consultancy
Anti Fraud

Fraud is a significant risk for businesses, with technological advancements leading t...

Screening - Compliance Consultancy

Businesses and financial institutions continuously face risks and obligations, such a...

Politically Exposed Persons - Compliance Consultancy
Politically Exposed Persons

As part of their KYC procedure, financial firms submitted to AML regulation must list...

Insider Dealing - Compliance Consultancy
Insider Dealing

Insider dealing (the term "insider trading" is also frequently used) arises w...

FATCA - Compliance Consultancy

What is FATCA?FATCA is the US Foreign Account Tax Compliance Act, enacted in 2010 to ...

Anti Money Laundering - Compliance Consultancy
Anti Money Laundering

Anti-money laundering (AML) is an important aspect of the financial industry because ...

Anti Bribery and Corruption - Compliance Consultancy
Anti Bribery and Corruption

Fighting against dumping and bribery is required for any company. Suspicions of corru...

Know Your Customer - Compliance Consultancy
Know Your Customer

Financial institutions must be able to identify and verify the identity of their cust...

Common Reporting Standard - Compliance Consultancy
Common Reporting Standard

What is the Common Reporting Standard (CRS)?Following the 2010 US Foreign Account Tax...

Cybersecurity - Compliance Consultancy

Faced with the outbreak of highly targeted attacks, risk management and information s...

MiFID MiFIR - Compliance Consultancy

What is MiFID II and MiFIR?The Directive 2014/65/EU (hereafter the "Directive"...

Cryptocurrencies - Compliance Consultancy

What are the dangers of cryptocurrencies?Cryptocurrencies are virtual or digital curr...

Market Abuse - Compliance Consultancy
Market Abuse

Financial markets have become increasingly global, giving rise to new trading platfor...

Terrorist Financing - Compliance Consultancy
Terrorist Financing

The financing of terrorism is defined as the distribution or collection of funds, in ...

Get in touch with us - Compliance Consultancy
Get in touch !

We'll present you the technology to stop money laundering and terrorist financing

Europol defines Financial Crime as "illegal acts committed by an individual or a group of individuals to obtain a financial or professional advant...

Return to financial crime
Discover Pideeco Compliance Services and Business solutions for your operational business needs
Domain Experts
Pavel Matejka - Pideeco Network Partner
Pavel Matejka
Senior Consultant
Damian Vildosola Truche - Pideeco Network Partner
Damian Vildosola Truche
Senior Consultant
Aurelie Vandenbulcke - Pideeco Network Partner
Aurelie Vandenbulcke
Junior Consultant
Oscar Canario da Cunha - Pideeco Network Partner
Oscar Canario da Cunha
Managing Director
What is good corporate governance?
Oscar Canario da Cunha

Corporate governance standards are a framework within which operational and behavioural standards for the board, the executive management and the wider staff are set. Hierarchy in harmony. It comes largely with an accountability movement, better management, and better c...

Read more Author What else ?
What is good corporate governance?  - Pideeco Journal