Counter Fraud and Financial Crimes
Counter Fraud and Financial Crimes Policy & Framework
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- Development
- Enhancement
- Template
- Gap Assessment
- Counter-Fraud & Financial Crimes, Anti-Corruption Policies and Procedures.
- Code of Conduct and Code of Ethics Manuals
- Internal Reporting and Whistleblowing Procedures and Manuals.
Counter Fraud and Financial Crimes Risk Management Program:
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- Develop
- Enhance
- Conduct (annually and semi-annually or as per required)
- Business-wide Fraud and Financial Crimes Risk Assessments.
- Customer-specific Risk Exposure and Mitigation Strategies.
- Fraud and Financial Crimes Various Potential Scenarios related to the company’s specific risk factors such as business sector, business activities and geographic location.
- Fraud and Financial Crimes Risk Registers and Risk-based Approaches.
Counter Fraud and Financial Crimes Detection & Prevention
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- Develop
- Enhancement
- Template
- Gap Assessment
- Counter – Fraud and Financial Crimes Monitoring and Investigation Protocols.
- Data Analytics and Forensic Techniques to Identify Suspicious Activities.
- Aligning with international standards (OECD, ISO 37001, etc.).
- Designing Internal Reporting and Whistleblowing Mechanisms.
- Assistance in Selecting and Integrating:
- Customer On-boarding Systems
- Transaction Monitoring Software Applications
- Third-Party Due Diligence and Background Screening for Vendors and Partners.
- Set-up program per each department
Counter Fraud and Financial Crime Function
- Supporting and Assistance on demand to the Counter Fraud and Financial Crime Officers with their Tasks and
- Counter Fraud and Financial Crime Officers Candidate Pre-Selection (for hiring)
Regulatory Readiness & Supervisory Audit Visit Preparation
- Conducting Financial Crime Internal Investigations and Advising on Remediation Measures.
- Preparing and Supporting Companies for regulatory audits, supervisory visits and compliance reviews.
- Reviewing existing Counter Fraud and Financial Crime controls and identifying compliance gaps.
- Assisting with regulatory filings and documentation requirements.
- Assisting in reporting suspicious activities to regulatory authorities.
- Supporting businesses in responding to fraud, bribery, or corruption allegations.
Counter Fraud and Financial Crime AUDIT
- Develop Independent Audit Program
- Conduct Independent Audits
Counter Fraud and Financial Crime Training & Awareness Program
- Annual Training for:
- Front-Line Staff
- Back-Office Staff
- Board of Directors
- Senior Management
- Specialized Training for:
- New Employees
- Counter Fraud and Financial Crime Officers
- Compliance Staff
- Risk Management Dept. Staff
- Internal Audit Staff