Fraud, Bribery & Financial Investigation Services
What is Fraud? “wrongful or criminal deception intended to result in financial or personal gain”
Fraud is not a victimless crime and it isn’t just restricted to financial loss and risking reputation. Many organisations overlook the impact of internal fraud. They don’t understand how much senior management time and resource can be taken up, as well as the damaging effect it can have on morale and trust.
In any workplace there can be a need for fraud investigations. Some organisations may simply want comfort and assurance over and above what they get from their normal accounting or audit procedures and this is where we can help.
Of course, the whole process must keep to civil and where needed, criminal standards and frameworks. Keeping to these will avoid exposing organisations to legal challenges and the possibility of prejudice in future proceedings against individuals.
We have experience of many ad-hoc financial investigations and can apply our skills in a wide and varied set of circumstances.
Whether you need help with:
- Fraud regulation and compliance.
- Potential exposure to fraud and corruption, or
- Understanding how to remove or reduce fraud and corruption risk from your organisation.
At Dains, our compliance & risk service will respond quickly to any of these concerns and take the time to deliver a service to match your needs. We provide a balanced, strategic and working approach that is suitable for the size and nature of your organisation.
Please note: since the inception of the Bribery Act (2010) it’s an offence for an organisation to fail to prevent bribery. To provide a statutory defence against the corporate offence, you (or your organisation), must prove that you had adequate procedures in place to prevent bribery.
Useful resources:
Investigations into Fraud or Corruption
If you become aware of potential fraud or corruption, it’s important to get some professional advice as soon as possible. Acting quickly protects the integrity of evidence and ensures that any actions taken won’t prejudice civil or criminal actions you may take in the future.
Compliance & Risk Management
There isn’t a ‘one-size fits all’ approach to understanding your organisation’s fraud and corruption risks. Because we know this, our Compliance & Risk Team take the time to understand your operating environment and to work with you proactively. This level of detail means we can produce an effective programme for you.
Compliance & Risk Assessment Tool
Use our Compliance and Risk Assessment tool to understand exactly how fraud and corruption may affect your business. It only takes a few minutes and you will find out your score instantly.
Compliance & Risk Workshops
At Dains, our Compliance & Risk Team will work with you to facilitate workshops to discover your biggest fraud risks, as well as your inherent and residual risks.
Compliance & Risk Assessments
A fraud risk assessment is a dynamic process for identifying and assessing an organisation’s approach and activities to countering fraud and corruption.
Compliance & Risk Training
An organisation’s employees and managements’ interpretation of what fraud and corruption is can vary considerably. If an employee doesn’t know what constitutes fraud or corruption, they may not think to report any concerns.
Policy & Procedural Reviews
An organisation’s policies and procedures are a vital element of the control framework for addressing compliance & risk.
Criminal Finance Act Assessment Tool
On 30 September 2017, the Criminal Finances Act 2017 made companies and partnerships criminally liable if they fail to prevent tax evasion. The act could be by either a member of staff or an external agent and a business can even be liable in circumstances where they were not involved or where they knew anything about it. Being prosecuted could lead to a conviction and unlimited penalties, so protecting your business is wise.
