Preventing fraud should be part of the business process of any organisation for several key reasons: 💰 Financial Stability: According to the Report to the Nations published by the ACFE, any organisations would lose around 5 % of revenue to fraud each year. Particularly, in small organisations financial resources are carefully budgeted and any loss due to fraud can significantly […]
Fraud Prevention… what for? Read More »
In February 2025, President Donald Trump issued an executive order pausing the enforcement of the Foreign Corrupt Practices Act (FCPA) for 180 days, citing concerns that its application was overly expansive and detrimental to U.S. economic competitiveness and national security. The order directs Attorney General Pam Bondi to review existing FCPA guidelines and develop new
Suspension of the FCPA – Implication for Corporate Compliance Strategies Read More »
The FCPA was enacted in 1977 after the Watergate scandal. For decades following its enactment, FCPA enforcement was largely non-existent. It was not until the early 2000s when, following the second amendment of the Act, enforcement activity proceeded in earnest. Enforcement progressed with the enactment of the Dodd-Frank Act of 21 July 2010, which contains
The fight against corruption and the national interest of the United States Read More »
Facts and figures Incredibly, fraud and cybercrime account for almost half of all crimes. In its Fraudscape 2017 report, the Credit industry Fraud Avoidance System (CIFAS) states: “With almost one in every two crimes a fraud or cybercrime there has never been a more urgent time for organisations to be alert to both the external and internal fraud threat.”Frauds are
Compliance and fraud prevention: a director’s guide Read More »
