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 [...]
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 [...]
Bitcoin, the first digital currency in the world, has been accompanied by a lot of negative stigmas since its release. The three keywords that surround bitcoin are ledger, decentralization, and [...]
The internet brings convenience in carrying out daily activities, no exception for money laundering. Therefore, the term cyber-laundering has emerged, the simple definition of which is the [...]
Crowdfunding became popular in 2012 as an alternative financing for individuals or groups. As the name implies, “crowdfunding”, the funds obtained come from “crowd” or the [...]
Acquisitions, joint ventures, franchises, mergers, and other forms of cooperation in business always carry risks for the parties involved. Therefore, due diligence needs to be carried out by each [...]
