Corporate fraud & corruption

February 2017  |  SPECIAL REPORT: CORPORATE FRAUD & CORRUPTION

Financier Worldwide Magazine

February 2017 Issue

February 2017 Issue


The spectre of fraud and corruption – be it insider trading, money laundering, bribery or the embezzlement and misappropriation of corporate assets – seems to pervade the corporate world like a plague. It is certainly a major bugbear for businesses, particularly given the expanding options for shady practices presented by corporate cyber networks. To mitigate corrupt and fraudulent activities, companies need to implement and improve robust policies and procedures. They also need to keep an eye trained on evolving regulations to ensure their internal systems are compliant. And, if they have not yet done so, they also need to entrench the issue as a key agenda item in the boardroom.

FORUM: Financial institutions – managing and mitigating fraud and financial crime

FW moderates a discussion on managing and mitigating fraud and financial crime for financial institutions between Garry W.G. Clement at the Clement Advisory Group, José Bonilla at Jones Day, Amy Van Gelder at Skadden, Arps, Slate, Meagher & Flom LLP, and Amparo Zabala at Zurich.

The Committee of Sponsoring Organizations returns to its fraud roots after 30 years

Cotton & Company LLP The Committee of Sponsoring Organizations (COSO) Internal Control – Integrated Framework (originally published in 1992) has done more to improve organisational accountability than anything since Luca Pacioli invented double-entry bookkeeping...

Great internal controls and then it happens – fraud

Elliott Davis Decosimo Even the most comprehensive internal control structure cannot guarantee fraud prevention. All internal control structures have certain fundamental limitations; judgment considerations, breakdowns, management override, materiality...

Fraud prevention and detection – focus on the technological trend

Jones Day How much loss could fraud cause? According to a report from the Association of Certified Fraud Examiners (ACFE), which contains an analysis of 2410 cases from January 2014 to October 2015, it is estimated that fraud could cause losses totalling...

M&A and FCPA due diligence – the stakes are high

Klink & Co. The stakes are high when orchestrating an acquisition or retaining third parties to represent your business, especially outside the US. The lack of proper due diligence can cost an organisation money and reputation. For example, in 2016, 27 companies...

Stealing the corporate ladder: preventing, detecting and investigating occupational fraud at all levels

McHard Accounting Consulting LLC Each year, Fortune magazine lists the 500 most profitable US corporations – known as the Fortune 500. In 2016, these companies represent about $12 trillion in revenue. The Association of Certified Fraud Examiners (ACFE) estimates in its 2016...

Through a glass darkly: plumbing the depths of privilege in corporate internal investigation interviews

Dechert LLP The days that unfounded or exaggerated claims to legal professional privilege in UK corporate investigations into economic crime pass unchallenged are well and truly over. Alun Milford, UK Serious Fraud Office (SFO) general counsel...

Developments in corporate criminal liability

Arnold & Porter Kaye Scholer LLP Corporate criminal liability is in a deeply unsatisfactory state. The law attaches criminal liability to companies in two completely separate ways. The first of these, and the most longstanding, is the ‘directing mind’ route. The second is through...

Plea agreements in Brazil: concept, procedures and impact on corruption cases

Torres Falavigna Advogados So-called plea agreements, or in Portuguese, colaboração premiada, are not new in the Brazilian legal framework. However, they gained strength with the enactment of Law 12.850/2013 and notoriety during the Car Wash Probe...

US trade compliance – recent changes and changes to come?

Akrivis Law Group PLLC 2016 was a pivotal year for US trade compliance, which has enjoyed a vastly expanded role in the planning and legal strategies of not only US, but foreign companies over the past decade. Key changes in the US’ sanctions...


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