Fraud Risk Management

Fraud Risk Management

The challenge of managing fraud risk in organizations, especially for regulated entities, is made far more daunting by the dearth of practical advice available on this specialist subject.

In our experience, successfully implementing an effective Fraud Risk Management (FRM) strategy in any enterprise requires a bespoke approach and is not one which should be viewed as an ‘off-the-shelf’ solution nor one which can be based on a ‘tick-box’ mentality.

The bespoke approach recognizes that it is likely to take at least two, perhaps three, years of activity to change staff behavior and work routines with the objective of continuous improvement in managing fraud risk and embedding an ethical culture.
We work closely with our clients to develop and embed an anti-fraud culture. Our proactive fraud solutions are based on five key themes – prevention, detection, investigations, recovery and remediation.

This includes but is not limited to: developing and conducting fraud risk management strategies, providing training and conducting fraud audits. Should fraud be detected, we can respond by investigating, recovering losses, recommending and assisting with the best course of action ensuring that ‘lessons learnt’ are not lost.

We have helped many well-known organizations in the Middle East:

⦁ Conduct training on Combating fraud
⦁ Develop and implement fraud risk management programs
⦁ Conduct fraud audits
⦁ Conduct fraud investigations

Our fraud solutions offering is underpinned by our exceptional digital forensics services which provides essential support through the use of computer forensics, data analytics, data management and e-discovery tool.