CRI™ Celebrates 2021 International Anti-Corruption Day
CRI™ celebrates 2021 International Anti-Corruption Day: Organisations are urged to unite on December 9th for International Anti-Corruption Day
Corruption is the single greatest obstacle to economic and social development around the world. According to the World Bank, every year $1 trillion is paid in bribes, while an estimated $2.6 trillion are stolen annually through corruption – a sum equivalent to more than 5 percent of the global Gross Domestic Product (World Economic Forum).
To help combat this growing problem, Corporate Research and Investigations Limited “CRI Group™” is spreading awareness and encouraging organisations to support the United Nation’s International Anti-Corruption Day, 9 December 2021. CRI Group™ is a global leader in corporate investigations and risk management that serves clients in Europe, Asia Pacific, South Asia, the Middle East, North Africa and North America.
Here is more bad news about corruption:
- Worldwide corporate corruption continues to disrupt socioeconomic progress in developing nations.
- Corruption weakens governments, fuels organised crime, stifles economic growth and discourages development.
- The cost of corruption can have a devastating effect on any business and its stakeholders, from the damaged corporate image, devalued stock, negative public perception, costly legal challenges and even incarceration of corporate directors.
- Organisations are finding it increasingly difficult to navigate the complex web of multi-jurisdictional laws and regulations related to anti-bribery and anti-corruption practices.
CRI Group’s CEO, Zafar Anjum, said that CRI Group™ offers solutions for building global compliance frameworks that safeguard the world’s leading organisations. For example, CRI Group’s Anti-Bribery Anti-Corruption Centre of Excellence provides consulting services to organisations seeking to validate or expand their existing compliance frameworks to maintain a competitive edge in the world marketplace.
Anjum noted that CRI Group™ also offers independent ISO 37001:2016 Anti-Bribery Management System certification to ensure that organisation is in compliance with this newly established standard, which is recognised and practised in more than 160 countries worldwide.
CRI Group’s DueDiligence360™ involves a review of all relevant information pertaining to virtually any business on the planet to ascertain past business dealings, criminal records, executive stability and suspect associations to ensure your organisation is protected from internal threats and outside risks.
CRI Group’s exclusive 3PRM-Certified™ solution provides Third-Party Risk Management while ensuring compliance with FCPA, UK Bribery Act, Anti-Bribery and Anti-Corruption, and other global, regional and local regulations.
Contact CRI Group™ to learn more about preventing and detecting corruption.
Who is CRI Group™?
In 2016, CRI Group™ launched Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems, ISO 37301 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification. ABAC™ operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organisations. Contact ABAC™ for more on ISO Certification and training.
CRI™ Opens Office in Turkey
CRI Group™ Opens Office in Turkey
Corporate Research and Investigations Limited (CRI Group™), a global leader in Risk Management and Compliance solutions, announced today the opening of its offices in Turkey (Corporate Research and Investigations Danışmanlık Hizmetleri Limited Şirketi). CRI Group™ has been safeguarding businesses from fraud, bribery and corruption since 1990. CRI™ protects businesses by establishing the legal compliance, financial viability, and integrity levels of outside partners, suppliers and customers seeking to affiliate with your business.
Based in London, CRI Group™ works with companies across the Americas, Europe, Africa, the Middle East, and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business Intelligence, Due Diligence, Compliance Solutions and other professional Investigative Research solutions providers. We have the largest proprietary network of background screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are, we have the network needed to provide you with all you need, wherever you happen to be. Our global team can support your organisation anywhere in the world.
Zafar Anjum, Group CEO at CRI™, said: “The ability to effectively pre-empt fraud and corruption by mitigating internal and external risks to prevent these issues can save corporations from immense potential losses and reputation damage. Our services such as DueDiligence360™, 3PRM™ and EmploySmart™ can significantly help organisations deal with bribery and corruption, third-party risk management, noncompliance with the regional and international regulatory framework and malpractice. CRI Group’s expertise will enhance the diverse pool of business support services available within Turkey.”
“Today’s business climate dictates an increasing demand of international business organisations for proactive measures designed to reduce bribery and corruption, particularly in the financial, government and multi-national business sectors,” Anjum further said. “CRI Group’s worldwide network of multi-disciplined subject specialists and analysts help organisations prevent and deter bribery and corruption, third-party malfeasance, threats and corruption risks while ensuring our clients conform to the local and international regulatory framework. The establishment of our offices in Turkey gives us the platform to expand further and enhance the level of support we offer to the international business community.”
CRI Group™ also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle, and it is a licensed and incorporated entity of the Dubai International Financial Center (DIFC) and Qatar Financial Center (QFC).
Turkey Office Details:
Emar Residence Blok. No:82E İç Kapı No:219 Üsküdar-İstanbul, 34662 Istanbul/İstanbul, Türkiye
t: +90 544 100 03 69
e: Istanbul@crigroup.com
Global integrity DueDiligence360™ Investigations
CRI™ investigators employ a proven, multi-faceted research approach that involves a global array of databases, courts and public record searches, local contacts, industry and media resources, and in-depth web-based research. Our resources include:
- International business verification
- Individual business interest search
- Personal profile on individual subjects
- Company profile on corporate entities
- Historical ownership analysis
- Identification of subsidiaries & connected parties
- Global/national criminality & regulatory records checks
- Politically Exposed Person database
- International digital media research
- Company background analysis
- Industry reputational assessment
- FCPA, UK Anti-Bribery & corruption risk databases
- Global terrorism checks
- Global financial regulatory authorities check
- Money laundering risk database
- Financial reports
- Asset tracing
- Country-specific databases that include litigation checks, law enforcement agencies & capital market regulators.
VIEW DUEDILIGENCE360™ BROCHURE
Ensure a safe work environment for all with EmploySmart™
EmploySmart™ can be tailored into specific screening packages to meet the requirements of each specific position within your company. We are a leading worldwide provider, specialising in local and international employee background checks, including pre-employment and post-employment background checks.
CRI® Employee Background Checks are an investigation into a person’s character – inside and outside their professional lives. Some checks you already carry out in-house, such as candidate’s qualifications (documents provided), work history (with a reference check), right to work in the country and even a quick social media presence scan. However, we provide a full in-depth background screening service for candidates and employees at all levels – from senior executives through to shop-floor employees including BS7858 vetting.
|
|
Our EmploySmart™ is a robust pre-employment background screening service certified for BS7858.
Third-Party Risk Management solution (TPRM), also known as 3PRM™
The solution includes establishing the legal compliance, financial viability, and integrity levels of outside partners, suppliers, customers, and other sources worldwide seeking potential affiliations with your organisation.
If your organisation requires any of the following within your compliance checklist, then you must consider a third-party risk management solution:
- Have a lack of visibility or understanding danger of the risks posed by your relationships with many types of third parties?
- Want greater visibility into third-party performance and risks?
- Need to improve operational costs, process, efficiencies, and organisational agility associated with your third-party relationships?
- Need to gain greater control over the related risks?
- Want to be confident that third parties are compliant with your business’ policies, as well as their own based on government regulations and industry requirements?
Working with us you get…
- With expertise in domestic and international screening, one of the largest, most experienced and best-trained integrity due diligence teams globally.
- The ability to manage multiple background checks online
- Quick turnaround times
- High-quality searches, backed by numerous checks and quality controls
- We have a flat structure which means that you will have direct access to senior members of staff throughout the due diligence process.
- Our multi-lingual teams have conducted assignments on thousands of subjects in over 80 countries, and we’re committed to maintaining and constantly evolving our global network.
- Our solutions are easily customisable, flexible and we will tailor our scope to address your concerns and risk areas, saving you time and money.
- Our team of more than 50 full-time analysts is spread across Europe, the Middle East, Asia, North and South America and fully equipped with the local knowledge to serve your needs globally.
- Our extensive solutions include due diligence, employee pre and post background screening, business intelligence and compliance, facilitating any decision-making across your business no matter what area or department.
Our Mission and Vision
- CRI™ mission is to safeguard the corporate world by detecting and exposing those elements that can cause irreparable harm to a business
- Stand up against the outside forces that, through corruption, collusion, coercion and fraud, can cause financial, organisational, reputational and legal harm to our global clients
- Stand out as the preeminent provider of specialised investigative services that enable our clients to exhibit the highest standards of business integrity, ethics and behaviour
Our global presence ensures that no matter how international your operations are we have the network needed to provide you with all you need, wherever you happen to be. We take great care to ensure that our experts are the best at what they do. We pride ourselves on having the most stringent recruitment standards in the industry. Our experience, skilled workforce, technical resources, networking capabilities, internal flexibility and global offices maximise our solution efficacy. Added to that is the fact that our extensive experience gives us the breadth and depth of knowledge needed to make sure that your organisation is protected at all turns, at every corner, and through every deal.
Speak up – Report Any Illegal, Unethical, or Improper Behaviour
If you find yourself in an ethical dilemma or suspect inappropriate or illegal conduct, and you feel uncomfortable reporting through regular communication channels or wish to raise the issue anonymously, use CRI Group’s Compliance Hotline. The Compliance Hotline is a secure and confidential reporting channel managed by an independent provider. When reporting a concern in good faith, you will be protected by CRI Group’s Non-Retaliation Policy.
Towards a Fraud-free future: CRI™ Celebrates 2021 Fraud Week
Towards a Fraud-free Future
CRI Group™ is proud to be celebrating International Fraud awareness week 2021. Alternatively known as Fraud Week for short, this day proves to be a critical effort to put a spotlight on fraud, help educate people about its perils and build a fraud-free future. CRI Group™ regularly partakes in this week and are happy to once again be a proud Official Supporter of this global movement. Fraud Week was created to reduce the impact of fraud and corruption by promoting anti-fraud awareness and education.
CRI Group™ founder and CEO Zafar Anjum says “Fraud Week reminds us that awareness is any organisation’s first line of defence against fraud and corruption, as properly trained employees will have a better opportunity to recognise the red flags of fraud and a better understanding of their organisation’s zero-tolerance policy toward such behaviour. Fraud is everybody’s problem, and it cannot be prevented and detected if employees aren’t provided with the information, they need to combat it. Providing a robust anti-fraud training program increases your company’s protection from risks of fraud and unethical behaviour. An ounce of prevention is worth more than a pound of cure.”
The solution to mitigating fraud is not always as visible as one would hope which is why CRI Group™ is proud to announce that we, alongside our sister brand, Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence Group, will be hosting a free webinar with Malaysian International Chamber of Commerce & Industry (MICCI) on 9 December 2021 as an effort to raise awareness for Fraud. Our intention is to be able to provide resources on corporate compliance to organisations around the globe that will aid them in expansion and an ethical working environment. We want to open up an in-depth discussion on the third-party due diligence frameworks and explore its best practices as a means to help provide insights and ideas for your organisations’ compliance programme. Take advantage of this free webinar. Join us and save your seat now!
Our Mission and Vision
- CRI™ mission is to safeguard the corporate world by detecting and exposing those elements that can cause irreparable harm to a business
- Stand up against the outside forces that, through corruption, collusion, coercion and fraud, can cause financial, organisational, reputational and legal harm to our global clients
- Stand out as the preeminent provider of specialised investigative services that enable our clients to exhibit the highest standards of business integrity, ethics and behaviour
For CRI Group™, though, helping organisations prevent and detect fraud is a year-round commitment. That’s why Fraud Week is a great time to reflect on CRI Group’s recent efforts in the fight against fraud and to also look ahead to activities on the near horizon. As the world slowly recovers from the devastating impact of the pandemic, CRI Group™ is looking forward to conversing with our clientele face to face once again. So far, our confirmed events include but are not limited to:
- The U.S. Commercial Service’s Trade Winds Middle East and Africa Trade Mission and Business Forum | Dubai, UAE | March 6-8, 2022
Organised by the U.S. Commercial Service, Trade Winds will feature meetings with U.S. commercial diplomats from over 20 countries in the Middle East, North Africa and Sub-Saharan Africa, exciting conference programming and plenty of networking. Trade Winds is a multifaceted program designed to help organisations achieve growth and exposure in specific markets or regions around the world.
- 2022 PBSA Mid-Term Conference | Virginia, USA | April 10-12, 2022
The PBSA Mid-Year Legislative & Regulatory Conference in April between 10-12th is convened each year in the spring with a large emphasis on law, legislature, training, and compliance associated topics in correlation to the background screening industry. This specific conference offers insight and support for everyone across a range of industries at all levels in the operative hierarchy.
Given that borders across the globe will slowly start reopening themselves to conferences and forums, you can expect to see a lot more confirmations on our end in the near future. In the meantime, it is an honour for us to be a part of such activities that extend to and facilitate so many organisations across the globe; more information on the event will be released soon so keep your eye out for our updates! We hope to see you there.
CRI Group™ is here to help and create a fraud-free future. Contact us today to learn more about our ABAC™ Training and Certification opportunities, our EmploySmart background checking process, our investigative services and other offerings.
Who is CRI Group™?
Based in London, CRI Group™ works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business Intelligence, Due Diligence, Compliance Solutions and other professional Investigative Research solutions provider. We have the largest proprietary network of background-screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are we have the network needed to provide you with all you need, wherever you happen to be. CRI Group™ also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle.
In 2016, CRI Group™ launched the Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems, ISO 37301 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification. ABAC™ operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organisations. Contact ABAC™ for more on ISO Certification and training.
Do You Know What are the Measures to Implement to Prevent Fraud?
Measures to Fight Fraud: The Implementation
Measures to fight fraud. What are measures every organization must implement to prevent fraud? Reporting fraud is crucial for any organization to do as it aids in not only safeguarding your organization from the outside but also in protecting the economy. When the event of fraud happens on a large scale, it can set back a nation’s economy substantially. Consumers which consist of the public as well as any trade suppliers will not purchase goods or services if there is any possibility of them developing into victims – an issue that has plagued third-world countries in recent years but is not exclusive to just them.
Reporting fraud protects your organizations internal and external team, and organizational leaders must come to realize that they have a responsibility to look out for their personnel whilst also promoting a workplace that encourages the employees to look out for one another. It is therefore vital that all suspicious activity must be brought to light. When offenders are allowed to operate without restraint, the rate of fraudulent conduct tends to spread with many victims clueless to the notion that somebody is taking from them.
The question of mandating the reporting of fraud has always been of prevalence and the ACFE released a report in which it was found that “the main reasons given in support of mandatory fraud reporting included: the prevalence and damaging nature of fraud; the opportunity to gain a better overall understanding of fraud; the need to escalate tackling fraud as an item on the government’s agenda; the value in creating more and better intelligence for policing; and encouraging organisations to take more responsibility for managing fraud.”
Regardless of where you stand on the mandating of reporting fraud, it is important to know what you can do as an organisation to safeguard yourself from the ramifications. We leave you with food for thought on what preventive measures you should implement to avert fraud.
The Fraud Triangle Theory
Renowned criminologist Donald R Cressey developed a theory that implicated three aspects that trigger fraud, these include:
- Opportunity
- Rationalization
- Pressure
Trusted persons become trust violators when they conceive of themselves as having a financial problem that is non-shareable, are aware this problem can be secretly resolved by violation of the position of financial trust, and are able to apply to their own conduct in that situation verbalizations which enable them to adjust their conceptions of themselves as trusted persons with their conceptions of themselves as users of the entrusted funds or property (Donald R. Cressey, Other People’s Money (Montclair: Patterson Smith, 1973) p. 30
When offenders are allowed to commit fraud, they will do so promptly. An absence of core regulations or reporting structure/oversight increases the chances of fraud as the offenders are aware that they are unlikely to face any repercussions.
The offender then goes on to rationalize the repeated dishonesty, which, feasibly over a few years, rises slowly and becomes a prerogative as they feel entitled to the easily obtained profits they received from the deceptive act.
They may feel that the gains are easier to obtain rather than confronting the vast pressure, be it corporate reasons such as meeting organization targets or personal pressures, such as addiction or financial crises which is what prompts them to carry out their fraudulent conducts over a prolonged time. Consequently, it is incredibly important to implement preventative measures to safeguard your organization from fraud.
What preventative measures should I implement to fight fraud?
At CRI Group™, we offer a wide array of services catered to several industries to help implement anti-fraud procedures. Fraud can be found in many aspects of an organizational core and peripheral structure, so it is, therefore, important to tailor it to each element.
To detect employee fraud, for example, it is advised that you pursue the proficiency of a skilled employee fraud accountant as early as possible. Employee fraud accountant aids in inspecting an employee’s professional conduct. This can be done by obtaining and by reviewing your organization’s bank statements and financial documents and advising you whether an employee is committing fraud and to what extent; the report will also give you the evidence you need to take the necessary action against your employee and act as a preventive to others. However, this is vastly different from conducting a pre-employment screening check.
What are the makes of an ideal candidate? The experience, qualifications, and academic accreditation, right? But how do you verify everything that they have presented to you? Employee background checks and necessary screenings are crucial to avoid a bad hire that can impact HR, your business, or even your brand –the financing of sufficient screening can save you time, money, and despair.
Know Your Workforce
Employee Background Checks investigate a potential candidate’s character in and out of their professional lives. These checks as inclusive of a candidate’s qualifications (documents provided), work history (with a reference check), right to work in the country and even a quick social media presence scan. Conducting employee background checks can diminish the probability of hiring a candidate who could cause irreversible damage to your organization. Organizations can spend years and a substantial amount of money to brand their products and services; one bad hire is all it takes to cause a loss of capital and reputation to the extent that may cause an organization to break.
EmploySmart™ is CRI Group’s exclusive employee background checks service providing a comprehensive check of all the necessary data required for pre-employment. EmploySmart™ is a robust pre-employment background screening service certified for BS7858 and is used in a bid to avert inattentive hiring charges. CRI™ helps organizations create a safe work environment for all and our EmploySmart™ system can be customized into special screening packages to meet the requirements of each specific position within your organization. Why not check out our brochure?
Why not contact one of our specialists for a free 30-minute consultation? Our experts range from different fields and industries hence allowing us to provide your organisation with a truly bespoke service. Prevent fraud in your workplace today – it all starts with you.
Implement a Third-Party Risk Management Process
Apart from the internal aspects of fraud, it is equally as important to remember that fraud can happen with any external connections your organization may have including suppliers, consumers, investors and so on. It is vital to ensure that you are conducting third-party risk management to avoid such an instance. CRI Group’s private but professionally developed 3PRM™ facilities aid organizations in proactively abating risks from third-party associations, safeguarding your organization from legal responsibility, brand damage, and any other impairment to the organization. Regardless of where your organization is in terms of the stages of development, our 3PRM™ solution is the perfect solution for eradicating exterior risks associated with your progress. The 3PRM™ restructures the third-party risk management process through scalability and efficiencies – from third-party risk identification to assessment.
Fraud can be an incredibly formidable task and with more legislation looking to be implemented regarding reporting fraud, you must keep yourself aware of it. Overall, the process of preventing fraud can be an extensive one, but one whose benefits outweigh the onerous course. Protect your organization from liability, business interruption and brand damage by partnering with the CRI Group. Our 3PRM solution address various specific areas, including:
- Third-Party Integrity Due Diligence & Screening: ensures global compliance, provides adequate monitoring & protection against potential litigation;
- 3PRM Enhanced Background Checks: uncovers derogatory information within the public & private record resources through risk-based background checks, including investigative research into suppliers & individuals, ultimate-beneficial owners;
- ISO 37001 Anti-Bribery Management System: CRI Group’s independent and accredited Certification Body can examine your Anti-Bribery & Anti-Corruption procedures & issue an accredited Certification; and
- ISO 37301 Compliance Management System: CRI Group’s independent certification body helps companies worldwide to increase & measure their efforts against regulatory compliance risks.
If you still have any questions surrounding fraud prevention, why not contact CRI™? Our experts have years of experience and have been trained to provide your business with bespoke advice that fits your organizations’ needs.
Don’t hesitate to prevent fraud in your workplace today.
About us…
Based in London, CRI Group™ works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business Intelligence, Due Diligence, Compliance Solutions and other professional Investigative Research solutions provider. We have the largest proprietary network of background screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are, we have the network needed to provide you with all you need, wherever you happen to be. CRI Group™ also holds BS102000:2013 and BS7858:2019 Certifications is an HRO certified provider and partner with Oracle.
In 2016, CRI Group™ launched the Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems, ISO 37301 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification. ABAC™ operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI® Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organizations. Contact ABAC™ for more on ISO Certification and training.
2021 Fraud Week: Prevention is Key
The 2021 Fraud Week: Prevention is Key!
Every year, for one week in November, organisations around the world embrace a movement aimed to minimise and prevent fraud and corruption. International Fraud Awareness Week (“Fraud Week,” for short) is November 14-20, 2021, and CRI® Group has been an enthusiastic Official Supporter since the very beginning of this important campaign.
According to the ACFE, the world’s largest anti-fraud association and founder of Fraud Week, organisations worldwide lose an estimated 5 per cent of their annual revenues to fraud. To make things worse: “A single instance of fraud can be devastating: the median loss per fraud case was $145,000, and more than a fifth of the cases involved losses of at least $1 million.”
But there is good news. For Fraud Week, the ACFE offers some basic steps any organisation can take immediately to lessen their vulnerability to fraud:
- Be Proactive. Adopt a code of ethics for management and employees. Evaluate your internal controls for effectiveness and identify areas of the business that are vulnerable to fraud. Find out more about what an Ethical code of conduct is and what should it cover?
- Establish Hiring Procedures. When hiring staff, conduct thorough background investigations. Check educational, credit and employment history (as permitted by law), as well as references. Check out the consequences of neglecting background screening
- Train Employees in Fraud Prevention. Do workers know the warning signs of fraud? Ensure that staff members know basic fraud prevention techniques, here are some Tips on Identifying and Preventing Employee Fraud
- Implement a Fraud Hotline. Fraud is still most likely to be detected by a tip. Providing an anonymous reporting system for your employees, contractors and clients will help uncover more fraud. Find out more on how to set up an Ethics & Compliance Hotline.
- Increase the Perception of Detection. Communicate regularly to staff about anti-fraud policies, ways to report suspicions of misconduct, and the potential consequences (including termination and prosecution) of fraudulent behaviour.
At CRI Group™, our experts are trained to help organisations implement the above measures. Our integrity due diligence and risk management services focus on preventing fraud before it happens, not after the fact, when it is often too late to recover stolen funds and assets.
In one case study, a multinational company engaged in the provision of equipment and supplies used by the medical industry contacted CRI Group™. The client wished to contract with a company and wanted to ensure that there were no regulatory or reputational problems associated with the potential partner, and thus wanted to know their track record, integrity and reputation.
During the course of this integrity due diligence, CRI Group™ local operatives focused on whether the company in question was a legitimate business, and sought to identify the key players running operations both in Egypt and Iraq for the company in question. However, questions arose: Research showed no physical locations; the office address was found to be a residential site with no indication of business operations. No commercial relationships in Iraq were evident.
Local operatives further investigated the company’s distribution capabilities in the country, especially to the north and south, as claimed in a questionnaire provided to the client. Yet no information was found from any source to corroborate the company’s claims. Additionally, discreet interviews with local individuals found that no one was aware of the company.
Scepticism was confirmed, CRI Group™ discovered that the company’s principal was previously charged with “criminal breach of trust” and there was still a trial proceeding with regional trial courts. Three other civil damages claims against the principal were discovered, with USD $1.2 million claimed in liabilities.
CRI Group™ helped the client avoid becoming entangled with a fraudulent business and an alleged criminal – protecting the client from making a bad business deal that could have resulted in severe economic loss and a potentially damaged reputation.
Our due diligence services can help put any organisation on the right track to being better protected and positioned to prevent and detect fraud – not just during Fraud Awareness Week, but year-round. Contact CRI Group™ today.
Who is CRI Group™?
Based in London, CRI Group™ works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business Intelligence, Due Diligence and other professional Investigative Research solutions provider. We have the largest proprietary network of background-screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are we have the network needed to provide you with all you need, wherever you happen to be. CRI Group™ also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle.
In 2016, CRI Group™ launched the Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems, ISO 37301 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification. ABAC™ operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organisations. Contact ABAC™ for more on ISO Certification and training.
50th UAE National Day 2021
50th UAE National Day 2021
50th UAE National Day 2021. Today is the UAE’s National Day, which coincides with the country’s Golden Jubilee, marking 50 years since the founding of the Emirates, and we couldn’t be more excited to celebrate. This UAE National Day reflects the dreams, development and dynamism of the last 50 years for those who call this nation home. The UAE wasn’t always a prosperous, cosmopolitan country; the country had humble beginnings. The UAE’s rich history is rooted in trade. The Emirates’ location between Europe and the Far East attracted merchants from India and China and was prized by Europeans, particularly the Portuguese, Dutch and British.
Those working from Sunday to Thursday get four days off to celebrate National Day and Commemoration Day from Wednesday, December 1 to Saturday, December 4, giving both private and public sectors a much-needed four-day weekend. Read more about the public holiday here. Join us as we celebrate the remarkable journey of the UAE and now it’s time to experience the festivities together as we honour the Year of the 50th. across Dubai.
Who are Corporate Research and Investigations Limited (CRI Group™)?
Ever since 1990, Corporate Research and Investigations Limited (CRI Group™) has committed itself to safeguard organisations from fraud, bribery and corruption. Based in London, United Kingdom, CRI™ is an international organisation with specialists and resources situated in key, provincial marketplaces throughout the Asia Pacific, South Asia, the Middle East, North Africa, Europe, North and South America and aim to shield organisations from detriment by determining the lawful compliance, financial feasibility, and integrity measures of external partners, suppliers and consumers pursuing to associate themselves with your brand. They are acknowledged as a prominent Compliance and Risk Management organisation accredited and interconnected in the objectives of the Dubai International Financial Center (DIFC) and Qatar Financial Center (QFC).
With a profession spanning over 30-years in the disciplines of fraud prevention, defensive integrity, security and compliance, CRI® Group’s CEO Mr Zafar Anjum is a highly revered authority in his line of work. As a dependable influence in the field of fraud deterrence and protections together with commercial clients, management organisations and trade units, Mr Anjum is renowned for producing secure and reliable networks throughout the dynamic, challenging worldwide markets. In conjunction with a remarkable educational experience coupled with his trade proficiency, Mr Zafar Anjum is continually the first accredited global investigator on the scene when multi-national EMEA corporations pursue to eliminate compliance or security breaches.
2016 found the organisation instituting the Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence – an autonomous certification body that aims to assist organisations in abating core risks as well as peripheral ones through the delivery of a comprehensive group of Anti-Bribery, Compliance and Risk Management programs.
Why CRI™?
CRI Group’s extensive efforts and reliable record in this field of work heavily align with what The UAE Innovation awards stand for – the aim to assist organisations across various sectors in strengthening their vetting capabilities in a manner that demonstrates sustainability in and of the public interest at large while maintaining legalities and development within the internal corporate structure is one to advance innovation in the industry for certain. In a sector that is accelerating the congealment of innovative proficiencies across a countless sum of industries comprising of automotive, aviation, oil, gas & energy, IT & telecommunications, property and many more industries, the services that CRI Group™ have to offer paired with a constructive influence on the society adjacent to it, a significant increase in the development of innovative systems is certainly to be anticipated.
GDPR vs. UK-GDPR; the Laws Post Brexit
The General Data Protection Regulation (GDPR) is a regulation in EU law that was implemented on the 25th of May 2018 and concentrates on data protection and confidentiality in the European Union and the European Economic Area; alongside this, the GDPR is also used to address the transmission of personal data outside the EU and EEA areas. The EU Commission announced on 28 June 2021 that adequacy judgments for the UK have been passed, so what does that mean for the GDPR rules?
The Brexit transition phase concluded on the 31st of December 2020 and as a component of the new trade agreement, the EU has come to an agreement to postpone the transmission limitations for at least four months, which can then be stretched out to six months (recognised as the bridge). The European Commission published its draft decisions on the 19th of February 2021 regarding the UK’s adequacy under the EU’s General Data Protection Regulation (EU GDPR) and Law Enforcement Directive (LED). In both cases, the European Commission has found the UK to be adequate which implies that much of the data can resume the stream from the EU and the EEA devoid of the need for supplementary precautions. Nevertheless, it is vital to take note of the fundamental reality that the adequacy decisions do not cover data conveyed to the UK for the principles of immigration control, or where the UK immigration immunity is appropriate. For this nature of data, distinct regulations are employed, and the EEA dispatcher wants to set other transfer safeguards in place. September 2021 saw WhatsApp being handed the second highest fine under EU GDPR (General Data Protection Regulation) rules and the biggest fine ever from the Irish Data Protection Commission due to their lack of understanding towards the new GDPR laws – had they done their due diligence, they may have been able to avert such a hefty fine. Our Due diligence 360° services provide the specialised intelligence needed by global financial institutions and multinational corporations to guarantee complete compliance with anti-money laundering (AML) regulations and legislations.
Find out more about compliance below or download our free brochure.
FIND OUT OUR SOLUTIONS or DOWNLOAD THE BROCHURE
The draft decisions will at this point be deemed by the European Data Protection Board (EDPB) and a committee of the 27 EU Member Governments. If the committee accepts the draft decisions, then the European Commission can formally adopt them as legal adequacy decisions. If adequacy decisions are not implemented at the end of the bridge and allocations from the European Economic Area (EEA) to the UK will require compliance with EU GDPR transfer constraints.
What is the UK-GDPR?
The United Kingdom General Data Protection Regulation (UK-GDPR) is the UK’s national data privacy law that is the proxy for the EU’s GDPR after Brexit; it is fundamentally the equivalent to the EU’s GDPR but altered to accommodate national regions of regulation. The UK-GDPR will regulate personal data and demand the same legal grounds for managing personal data.
The GDPR is indeed still retained in domestic law as the UK GDPR, although the UK has the freedom to maintain the framework under evaluation. The ‘UK GDPR’ as it’s known as, rests adjacent to a revised edition of the DPA 2018. It is also essential to note that the fundamental ethics, constitutional rights, and responsibilities remain as they were but that there are connotations for the regulations on transmissions of individual data between the UK and the EEA.
The UK GDPR also pertains to regulators and processors established out of the UK if their managing pursuits correlate to:
- presenting commodities or services to persons in the UK; or
- supervising the conduct of persons taking place in the UK.
Similarly, there are also outcomes for UK regulators who have an institution in the EEA, have consumers in the EEA, or observe individuals in the EEA. The EU GDPR still pertains to this handling as data can still flow freely from the EEA because the EU have adopted adequacy decisions about the UK, but the European data protection mandates has altered the way you can interact. CRI® Group’s own exclusive, expert-developed 3PRM™ services help you proactively mitigate risks from third-party affiliations, protecting your organisation from liability, brand damage, and harm to the business. Whether your organisation has a large, well-established third-party program, is in the early stages of development, or is anywhere in between, the 3PRM™ solution can improve the health of your program and future-proof your entire business in many forms.
Find out more about 3PRM™ below or download our free brochure.
FIND OUT OUR Third-Party Management Solution or DOWNLOAD THE BROCHURE
Which rules apply?
Whilst the adequacy judgments stay in order, the UK GDPR is still valid and is expected to remain so until the 27th of June 2025. The EU Commission will be supervising advancements in the UK on a constant basis to guarantee that the UK will continue to deliver a comparable degree of data protection. The Commission is still able to revise, postpone, or rescind the decisions if concerns cannot be settled. EU data subjects or an EU data protection authority can also instigate a lawful dispute regarding the decisions in which the Court of Justice of the European union would then have to determine whether the UK did essentially deliver comparable security.
In the absenteeism of an EU GDPR adequacy decision, the Frozen GDPR would be valid to subjective data of the basis of if:
- it was administered in the UK under the EU GDPR before 01 January 2021; or
- it’s being administered in the UK on the basis of the Withdrawal Agreement
Conversely, the UK-GDPR does increase on -and diverge from- the EU GDPR in noteworthy approaches that will make modifications to the legal environment of data protection in the UK.
UK-GDPR expands and changes the European GDPR
The areas increased on by the UK-GDPR are:
- National security
- Intelligence services
- Immigration
These regions, are per definition, are outside the scope of the European GDPR the three of them are deemed to be extra-national regulation from the EU devoid of powers to govern affairs of national confidence in constituent nations. Nevertheless, the UK-GDPR sets out specific concessions by which the customary welfare of personal data can be circumvented, e.g., when in matters of national security or in matters of immigration. It also applies the same requirements for collection and processing of personal data to the intelligence services. A further significant change is that the Information Commissioner, who was the leading data protection authority in the UK today, became the primary director, monitor and enforcer of the UK-GDPR.
Are you post-Brexit GDPR compliant?
The UK-GDR would now entail your organisation’s site or application to request for the user’s approval prior to accumulating and managing data via cookies. It involves that your organisation not amassing more data than is truly mandatory and to also make it as straightforward for your users to rescind authority to the application of data as it is to give it. Transparency is key in the UK-GDPR and requires clarification of how long data is stored and how you will be processing users’ personal data.
Let’s Talk!
It’s always great to have a helping hand when it comes to compliance and risk management – especially with all the new changes expected to take place ahead of securing the integrity and morality across corporate culture. Take a proactive stance with the highest level of expertise as a part of your essential corporate strategy. Contact us today to learn more about our full range of services to help your organisation stay protected.
Due Diligence and Compliance: Breakdown and Importance
DUE DILIGENCE VS COMPLIANCE
Due diligence is a vital part of tackling anti-bribery & corruption in the workplace. The Corporate Financial Institute has defined it as a process of verification, investigation, or audit of a potential deal or investment opportunity to confirm all relevant facts and financial information. Similarly, compliance means what it does in the word’s consensus: to follow the rules. IONOS further elaborates the phrase’s meaning in a business environment as conforming to the laws, regulations, rules, and policies is the part of business operations often referred to as “corporate compliance.” Due diligence and compliance aid in combating the issue of anti-bribery & corruption in the workplace.
When Should these Duties be Fulfilled?
Due diligence and compliance start before an employee, vendor or supplier is even introduced to the business. They are implemented to reduce risks in professional relationships and satisfy the legalities of running a business; they are also beneficial to the purchaser and the vendor.
Due diligence provides purchasers with all the correct and accurate information to help them make an informative decision to acquire a property, good or service. This is based on the data found about the company. The information ranges from the company’s existing customer base and partner relationships to the areas in which they display irregularities – in the same vein, compliance ensures a set standard for the delivery of the good, service or process.
Vendors find due diligence providing business owners with the financial integrity of their business. It facilitates unearthing the fair market value of their company. A compliance audit on a vendor conducted by the buyers or their agents will validate and strengthen the professional relationship between the two entities.
Key Differences
Compliance is reactive and a legal obligation made mandatory by a government or a regulatory agency. On the other hand, due diligence is proactive and is unmandated, though many organizations like to implement due diligence as a part of their guidelines and procedures. Due diligence is a measure of best practice from industries ranging from Pharmaceutical & Healthcare to Oil, Gas & Energy.
Compliance is tactical, whilst due diligence is strategic. The end goal with compliance is short term but frequent; complete what is necessary for the required period. Alternatively, due diligence screens all information and evaluates it against your company’s objectives. It considers the pros and cons of the decision to help you shift towards a judgment or action.
A checklist drives compliance orientated views and searches for specific items. It checks them off a list, while due diligence creates a full profile searching for previous occurrences, factors leading up to the occasion, and actions taken after the incident.
Case Studies
One of the most infamous examples of this was in 1994 with BMW’s decision to acquire Rover. The decision was made when Rover’s owner, British Aerospace, was facing trying times. BMW had plentiful goals, including engendering trade and diversifying products with the brands’ icons such as the Mini and the Land Rover. However, the ten-day deal lacked due diligence and compliance, leading to a £790 million loss.
BMW overlooked financial data concerns as well as inaccurate sales data. BMW also failed to comply with Rover’s learning culture. They also failed to accept other manufacturing approaches. To top it all off, the frequent disputes between BMW’s directors resulted in poor leadership after the acquisition, followed by mass resignations. Had the company performed their duties to the highest capability, it could have avoided such a costly mistake.
2012 saw HP pay the price of $11.1 billion due to their failure to do accurate data checks concerning income statements, cash flow, balance sheets and footnotes, ultimately halting their plans to move from producing hardware to producing software and resulting in a $5 billion loss.
Our hand in making a difference
Due diligence and compliance are not the same. The consideration of the two components helps finalize a decision, but the difference between them lies within your reasons for investigating and what the end goal is. CRI® highlights the important distinction using Due Diligence DD360°™ and ISO 37301:2021. Why not download our free Due Diligence 360 brochure to find out more?
CRI Group’s compliance and due diligence solutions are tailored with your organization’s needs in mind. This is to keep you one step ahead of regulatory requirements. Our Due diligence DD360°™ services run specialized intelligence used by global financial institutions and multinational corporations. Complete compliance with anti-money laundering (AML) regulations and legislation is guaranteed. Manage your third-party risks confidently with customized 3PRM™ solutions for your organization or get certified.
Why wait?
Who is CRI Group™?
Based in London, CRI Group™ works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business Intelligence, Due Diligence, Compliance Solutions and other professional Investigative Research solutions provider.
We have the largest proprietary network of background screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are, we have the network needed to provide you with all you need, wherever you happen to be. CRI Group™ also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle.
In 2016, CRI Group™ launched the Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems, ISO 37301:2021 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification.
ABAC™ operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. Contact ABAC™ for more on ISO Certification and training.
The Consequences of Neglecting Background Screening
Neglecting Background Screening
Are you neglecting background screening? What consequences may affect your organisation when you ignore this process when hiring? What is it about Background Screening? Statistics have revealed to us that a substantial quantity of resumes that are presented to HR during the recruitment process comprised fabricated material; shortlisting is a rigorous assortment procedure intended to put your applicant on trial, but if you are interviewing an individual who has fabricated much of their resume, how can you make a good judge of character? Put, executing a pre-employment check is the best way to combat this issue.
Background screening is vital to organisations of all types and industries as it can assist in authenticating your employees’ record of accomplishment and help avoid a bad hire. Before COVID-19, it was found that an estimate of 85% of organisations testified to conducting background screening of some type. On the same note, a vast 92 per cent stated that they trust their employees with confidential data but without the assistance of a background screening measure. Find out other ways COVID has impacted the hiring process, or download our background screening brochure.
Below, CRI Group™ has compiled a list of 5 risks you are running into when failing to conduct a background screening check before employment.
1. Your prospective member of staff could be a felon
Hiring a candidate with a criminal record could taint your company’s reputation, generate a highly volatile atmosphere in your office, and harm other staff members. An employer has the right to investigate an applicants’ criminal past; however, the only way to genuinely acquire the data surrounding an applicant’s criminal past when they intend on masking the evidence is through a criminal background check.
A professional background verification service is a must to communicate with the local authorities to acquire legitimate illegal data and make a well-informed decision for the benefit of your organisation.
2. The odds of employing an unqualified candidate devoid of background screening is 1 out of 6
1 out of every 6 candidates carry inflated or falsified documents to persuade you into offering them the position – and this can be accredited to the rise of credential mills and fake corporations; applicants commonly use counterfeit degrees and false employment records to get hired, and it takes more than just a phone call to find out the reality.
Background service providers use various procedures to obtain legitimate data, including private trips to the university/corporations where applicants allege to have graduated from or worked. Applicants with falsified resumes are not simply deficient in both integrity and honesty – in most cases, they are also not competent enough to fit your job description. A straightforward background verification uncovers this deception and prevents you from hiring an unqualified candidate.
3. Endangering the welfare of other members of the task force
In correspondence to the Substance Abuse and Mental Health Administration (SAMHSA),9 % of approximately 22.4 million unlawful drug users are employed either full time or part-time. A substance abuser, aside from grappling with efficiency, will also inhibit the performance of their co-worker with their improper demeanour.
Employees with a record of drug abuse and misconduct are also deemed to be exceedingly inconsistent and present themselves as a danger to their co-workers; workplace violence and delinquency can be attributed to disregarding employee drug tests and criminal checks – checks that avert such calamities making your office peaceful and an improved place to work.
4. Increased abrasion can also be attributed to improper background screening
Pre-employment screening underlines the notion of quality over quantity. It makes sure that you hire the right candidate from a mass of applicants who applied for the position as employees with unsatisfactory credentials habitually find their way into your organisation through fabricated evidence. Hiring model candidates with an admirable mindset and relevant qualifications can mitigate employee turnover and enhance the general outcome of your organisation. However, the good news is that they never last for long, owing to their shortage of output and failure to handle the work delegated to them.
5. A candidate’s social media presence and global database can help nail down an accurate judge of character
Social media platforms in conjunction with international databases, for instance, criminal watch lists, credit archives, and public litigation archives, can expose your candidates’ positive and negative characteristics that may escape you during the interview and selection process. Abandoning these checks will hinder you as an employer from seeing your candidate’s best or worst side when picking among leading applicants who contend for a critical position. Employers who operate social media checks on their candidates have found it simpler to identify their candidates better, as social media is where the candidates are more apt to demonstrate their temperament and talents. The process for operating social media and archive checks can be burdensome, but rest assured that pre-employment screening providers are devoted to passing thorough checks on social media platforms and hundreds of databases to assist employers worldwide make critical hiring judgments.
The Verdict?
Background screening has achieved immense recognition throughout the world over the previous few years as it should do – its impact and the modern setting assist in diminishing the pressures that jeopardise every employer’s aim to enhance their personnel and work environment. Verification should be a compulsory component of an organisation’s onboarding procedure to alleviate all the risks we have discussed thus far. Notwithstanding the apparent advantages that background screening presents, it likewise confirms that your organisation hires the most excellent contenders who would promise continual triumph.
CRI™ is certified by British Standard Institute BSI for the scope of BS 7858:2019 screening of individuals working in a secure environment, Code of practice and BS 102000:2018 Code of practice for the provision of investigative services. The BSI is the only BS 7858 accredited background screening services provider in the UAE and the Middle East. Find out more about the BS 7858:2019 or download our BS7858:2019 free playbook.
The more you invest in sourcing morally correct corporate conduct, the more you can expect to be rewarded with a catalytic action to grow and expand your organisation.
Let’s Talk!
Don’t leave hiring to chance. Take a proactive stance with the highest level of background screening as a part of your essential corporate strategy. Contact us today to learn more about our full range of services to help your organisation stay protected.
Fraud Prevention Strategy: Build One in Five Simple Steps
Fraud Prevention Strategy: The 5 Simple Steps
A fraud prevention strategy is one of the key policies that can aid an organization in safeguarding itself against reprimands of the matter. One of the greatest encounters a fraud auditor can confront is the mission of persuading management that the peril of fraud exists across all aspects of corporate culture – regardless of whether it is from internal factors or external factors. Fraud cannot ever be eradicated from the corporation as collusion is adept in continually conquering routine organizational regulations.
What is the strategy?
The objective of a Fraud Prevention Strategy is to identify a high-level proposal on how an organization should implement its fraud prevention policy in the presence of its internal and external influences. The strategy forms the most important part of the fraud deterrence strategy; thus, the policy an organization chooses to implement must be straightforward and pragmatic.
Combating fraud requires a distinct and refreshing methodology that entails including all three facets of the fraud cycle:
- Fraud deterrence and prevention
- Fraud detection
- Fraud investigation
Preferably, with the fraud cycle in mind, every enterprise ought to put together a distinctly specified fraud prevention strategy that integrates the following:
- Determine the proper culture with the proposed policy: having protocols and policies in place for dealing with fraud will help you establish a good grounding for identifying it.
- Counteract and detect: To detect fraud, you need to have effective systems and processes in place covering all aspects of your business.
- Investigation of any occurrences in which fraud occurs.
- Review and monitor policies and occasions in which fraud has transpired regularly to ensure that fraud levels stay below the goal amount.
- Learn from previous occurrences and update training procedures.
- Risk management covers all types of risk, from corporate and social responsibility compliance to performance measurement.
To learn more about third-party risk management, why not check out our 3PRM brochure.
What should be established in a fraud prevention strategy:
1. Whistleblowing policy
Whistleblowing is the act of exposing information about misconduct in the workplace and is a crucial element in any prevention strategy. When whistle-blower hotlines are implemented and sustained correctly, they can substantially decrease an organization’s exposure to fraud by permitting for prior detection and thus savings in the form of reduced fraud losses from the prior detection.
2. Identify the risks:
The risk of fraud is not solely based on an employee’s background but also a myriad of other factors. Most notably, it is important to be able to identify risks by nature of items (some examples include size and value, ease of resale and cash), nature of the control environment (including separation of duties, safeguards, complexity, turnover and related party transactions) and pressures ( i.e., level of dissatisfaction – if the workforce is unhappy with the company, they will be more inclined to engage in fraud, expectations and guarantees). Identifying these risks is the first step in figuring out how to counteract them, thus preventing fraud.
3. Implement effective controls:
When it comes to implementation, organizations need to ensure that they complete the action plan and then refer it to an appropriate person – in most instances. This is from HR and other figures in leadership to management of employees. It is then up to the subordinates to assist them with implementing the strategy, reviewing the strategy, or delegating it to the employees.
Most policies implement:
- Making employees aware of emergency procedures
- Making employees aware of the location of first aid stations
- Educating employees on the location and obvious danger and workplace hazards
- Examine health and safety workplace responsibilities; wear the necessary protective clothing or equipment, participate and have input to management report incidents or mishaps as considered essential by management.
4. Increase awareness of the risks:
It must not be presumed that staff members have an innate perception of the risks of fraud or that they have any understanding of the scope of risks that encircle them. This means that it is incredibly important to stimulate a risk-conscious culture within an organization.
Some examples of methods to increase such awareness include:
- Performing risk audits and engaging as many individuals as possible in the organization in the risk auditing procedure
- Benchmarking – studying “best practices” from other organizations that have executed risk management.
- Sending organization personnel to attend industry seminars on fraud prevention as well as risk management
5. Plan for the worst:
It might sound pessimistic, but it is always best to prepare yourself and your employees for the worst-case scenario. Unfortunately, as hard as we try to minimize fraud, it cannot, be fully eradicated. If it appears too good to be true, it most likely is. It is good practice to meticulously probe all agreements, prospects, transactions, data and documents.
Want to know more about recruiting the right people for your organization? Visit our page on Background Screening services or view our EmploySmart brochure.
Crucial components that a proper fraud prevention strategy accomplishes:
It is easy to infer that fraud can leak into all aspects of corporate culture and can destroy an organization from within. Despite this issue, several organizations opt not to implement a fraud prevention strategy – it is primarily implied that this is ascribed to the absence of knowledge circulating on the benefits of such a strategy. However, the rewards reaped from this type of policy is beneficial to corporations eventually and can reap the rewards such as:
- Lower consequential loss pertaining to fraud
- Lesser/no legal and investigative costs relating to fraud
- Lesser/no regulatory fines paid in the occurrence of fraud
- Better time management can be used to enrich employees’ knowledge and experience at the organization.
- Reduced insurance premiums
- Lower turnover of key staff and customers
- The lessened cost of/capability to increase new finance
Overall, the process of preventing fraud can be an extensive one, but one whose benefits outweigh the onerous course. Protect your organization from liability, business interruption and brand damage by partnering with the CRI® Group. Our 3PRM solution address various specific areas, including:
- Third-Party Integrity Due Diligence & Screening: ensures global compliance, provides adequate monitoring & protection against potential litigation;
- 3PRM Enhanced Background Checks: uncovers derogatory information within the public & private record resources through risk-based background checks, including investigative research into suppliers & individuals, ultimate-beneficial owners;
- ISO 37001 Anti-Bribery Management System: CRI® Group’s independent and accredited Certification Body can examine your Anti-Bribery & Anti-Corruption procedures & issue an accredited Certification; and
- ISO 37301 Compliance Management System: CRI® Group’s independent certification body helps companies worldwide to increase & measure their efforts against regulatory compliance risks.
If you still have any questions surrounding fraud prevention, why not contact CRI®? Our experts have years of experience and have been trained to provide your business with bespoke advice that fits your organizations’ needs.
Don’t hesitate to prevent fraud in your workplace today.
About us…
Based in London, CRI Group™ works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business Intelligence, Due Diligence, Compliance Solutions and other professional Investigative Research solutions provider. We have the largest proprietary network of background screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are, we have the network needed to provide you with all you need, wherever you happen to be. CRI Group™ also holds BS102000:2013 and BS7858:2019 Certifications is an HRO certified provider and partner with Oracle.
In 2016, CRI Group™ launched the Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems, ISO 37301 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification. ABAC™ operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organizations. Contact ABAC™ for more on ISO Certification and training.
English 
العربية
CONTACT US
Headquarter: +44 7588 454959
Local: +971 800 274552
Email: info@crigroup.com
Headquarter: 454959 7588 44
Local: 274552 800 971
Email: info@crigroup.com
NEWSLETTER SUBSCRIPTION