The business of counterfeit drugs is a lucrative one, driven by growing sources of cheap drugs from online pharmacies. The World Customs Organization estimates that the annual counterfeit drug [...]
Irregularity found in financial statements leads to two possibilities; fraud or error. What’s the difference between the two? The difference between fraud and error lies in the intention. [...]
Fraud can occur in any type and size of organization and is very detrimental. Based on the ACFE report: Nation on Occupational Fraud and Abuse report 2018, companies generally lose at least 5% of [...]
Working with vendors brings a bunch of risk to the brand or company name. Thus, vendor screening is essential to mitigate the risks. The company can do its own screening, but it will reduce the [...]
Trust and goodwill have become the main basis for business cooperation. However, such trust is prone to be misused by one party by committing fraud and causing losses to the other party. Based on [...]
Historical policy in the United States requires a company to conduct a drug test because of loss of productivity, increased absenteeism, accidents, tort and product liability, and a high rate of [...]
Employees are the lifeblood of any company. Therefore, the company’s reputation depends on its employees. Good employees are recruited with proper procedures that are actually carried out [...]
If you already have a safety workplace policy, have you included a drug-free policy in the requirements? Reducing risk is a strong driver of pre-employment screening activities and with the [...]
One of the important lessons in the biggest fraud case in Europe that occurred in Danske Bank was the importance of companies investigating whistleblower reports. If Danske Bank had investigated [...]
Danske Bank, the largest bank in Denmark is suspected of being a money laundering place after authorities in Denmark and Estonia investigated the Estonian branch of Danske Bank (DBE) and found [...]
