Fraud, Bribery & Financial Investigation Services
What is Fraud? “the wrongful or criminal deception intended to result in financial or personal gain”
Fraud is not a victimless crime and is not restricted to financial loss and reputational risk. Many organisations overlook the impact of internal fraud and are unaware how much senior management time and resource can be taken up, as well as the damaging effect on morale and trust it can have.
Whether you need help with:
- potential exposure to fraud and corruption, or
- want to increase your understanding of how to mitigate or remove fraud and corruption risk from your organisation,
the Dain's counter fraud service will respond quickly to any concerns and make sure we deliver a bespoke service for you.
We recognise there is always a need for fraud investigations in any workplace and that the investigation process must adhere to civil and where required criminal standards and frameworks. Failing to adhere to these standards and frameworks can expose an organisation to legal challenge and potentially prejudice future proceedings against individuals.
We recognise a comprehensive and successful fraud risk management framework interlinks with robust governance and a proportionate strategic and operational approach of addressing fraud and corruption. We also recognise the importance that this must be proportionate to the size and nature of your organisation.
Also, since the inception of the Bribery Act (2010) it is an offence for an organisation to fail to prevent bribery. To provide a statutory defence against the corporate offence your organisation you must prove that you had adequate procedures in place to prevent bribery.
If you become aware of potential fraud or corruption, it is important to seek professional advice at the earliest opportunity. The reason for this is to make sure the integrity of evidence is protected, and any actions taken do not prejudice any civil or criminal actions you may wish to take.
Whilst there is no ‘one-size fits all’, or blanket approach to understanding an organisations fraud and corruption risks, what you can expect from our Fraud specialists is that we will spend time understanding your operating environment and work with you to produce an effective and proactive fraud risk management programme.
We work with you to facilitate workshops to identify where your most significant fraud risks are, and what the residual and inherent fraud risks are.
A fraud risk assessment is a dynamic process for identifying and assessing an organisation’s approach and activities to countering fraud and corruption.
An organisation's employees and management interpretation of what constitutes fraud and corruption can vary considerably. If an employee is unaware of what constitutes fraud or corruption, they may not consider reporting any concerns.
An organisations’ policies and procedures are an integral element of the control framework for addressing fraud and corruption.