Fraud and Related Party Transactions

Related party transactions could be a “red flag“, and must be evaluated with the proper skepticism! Perceived opportunities to commit

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Corporate Governance – Commonsense Principles 2.0

Corporate governance is the collection of systems and processes that an organization has in place to prevent or dissuade potentially self-interested persons from engaging in activities detrimental to the welfare of shareholders and stakeholders and helps to promote better overall decision making.

Today’s General Counsel: White Collar Crooks Share Certain Characteristics

October 17, 2018, Today’s General Counsel It’s a mistake to ignore the human element when fighting fraud within a corporation.

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Speaking and Training on Fraud, Ethics, and More…

Best in class fraud and ethics training customized for you and your organization.

FCPA – Cash, Bribes, and the “Four Eyes Principle”

At a minimum, as part of (emphasis added) your overall fraud risk management program, the following key processes/functions should be

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FCPA Settlement – Petrobras Board Involved

The Department of Justice (DOJ) said in a release, “Executives at the highest levels of Petrobras — including members of its

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Putting the Freud in Fraud – Part Two

While we can’t get into the mind of the white collar criminal, we can take a closer look at high-profile individuals who have perpetrated massive fraud at corporations and instances of fraud identified in practice, as well as some research, to help is identify a pattern of similar behavioral elements common to white-collar crooks and cultural elements common to their environments.

The Fraud Pentagon – An Enhancement to the Three Elements of Fraud

Today’s fraudster is clever and operates in an environment ripe for criminal activity. Economic unrest
is making it easier for employees to find ways to set fraud in motion – and a new breed of offenders is finding cunning ways to do so. After more than 60 years, the classic fraud triangle of three elements or events that motivate an employee to cross the line has morphed into The Fraud Pentagon.

Company boards and senior management must take an offensive stance against the five conditions that precipitate fraud with
a clear plan that limits the opportunity for fraud and minimizes the impact when fraud does occur.

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