Counterfeit spirit has always been around and it affects both the business and the consumers. The World Health Organization (WHO) estimates that Indonesians drink unrecorded liquor for five times [...]
Industrial Revolution 4.0 or Industry 4.0 is not just an empty marketing buzzword that has been around since 2011. Our predecessor started the industry 1.0 around 200 years ago, which was marked [...]
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 [...]
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 [...]
