Forensic
In the wake of high-profile corporate scandals as well as new regulations world-wide, many business leaders are increasingly aware of the need to create company specific anti-fraud measures to address internal corporate fraud. While acknowledging that no single approach to fraud risk management can fit every organisation's needs, KPMG Forensic identified key practices that organisations have generally found to be effective when tailoring a company specific anti-fraud program.Fraud risk management includes a variety of proactive (identifying gaps and proposing action plans to remedy them) and reactive (addressing issues after the problem has occurred) measures to manage the risk of fraud and misconduct. KPMG professionals may help you via:
Recent governmental actions as well as global benchmarks such as EU Money Laundering directive, demonstrate the seriousness of anti-money laundering for all business sectors and especially financial institutions. KPMG Anti-Money Laundering professionals may provide you below services:
KPMG firms' robust investigative approach is designed to assist clients who believe themselves victims of fraud or misconduct. We establish the facts, find out what's gone wrong, make recoveries of stolen assets and take further criminal, disciplinary or civil action as appropriate.
Our team of professionals can gather and preserve evidence, conduct interviews, freeze assets and report sensitively. We aim to ensure confidentiality, compliance with legal and ethical guidelines, and can assist you in managing potential reputational risk.
CORPORATE INTELLIGENCE
Part of managing risk involves being sure of whom you are dealing with, both internally (those you entrust to run your business) and externally (those with whom you do business), particularly if you have interests in unfamiliar jurisdictions where reliable and accurate information can be hard to obtain.KPMG firms' CI team gathers and assimilates information from various public and non-public sources to help companies make informed decisions on issues such as joint ventures, investments, recruitment, mergers and acquisitions, and disposals.
DISPUTE ADVISORY SERVICES
KPMG firms are experienced in dealing with cross-border dispute cases involving complex international issues and financial theories, multiple languages, geographically and culturally diverse locations, and multiple currencies with its global professionals across the world. On many occasions, we can assist you with issues including quantifying and analyzing your position, negotiation strategy, expert witness testimony, damages assessment and document management. We also have experience sitting as an arbitrator or independent expert to determine a dispute.
FORENSIC TECHNOLOGY SERVICES
Investigations, dispute resolutions and regulatory assignments increasingly revolve around information collected, stored and manipulated on computers. Our team has the tools, techniques and skills to assist in capturing digital evidence, manipulating large volumes of data to identify anomalies, suspicious transactions, links between suspects, key emails and attempts to manipulate financial records and providing access to captured data through a web-enabled service.KPMG can convert electronic traces into clear and reliable facts, make invisible data visible again and give the company a reliable picture of what actually took place.
INTELLECTUAL PROPERTY and CONTRACT COMPLIANCE SERVICES
Many companies have commercial relationships with third parties where payments and receipts are based on self-declarations that can be difficult to monitor, verify, or check. These relationships frequently arise from the licensing of various forms of intellectual property rights, such as royalty, licences, patents, copyright or know-how. KPMG firms take a multidisciplinary approach to these services, enabling us to understand partnering relationships for a large range of contractual compliance obligations. Our forensic background allows us to focus on facts rather than on opinions.
- In recent years, the scandals about financial crimes has engaged firms attention to a risk that cause money, reputation and business losses but which may also be managed with appropriate steps: FRAUD
- if facts, people and organisations do not agree,
- if financial or other business related behaviour do not comply with expectations,
- if you believe that your employees, managers, business partners, customers or suppliers violate ethics, contracts or law,
- if you doubt your financial statements are manipulated,
- if you do not know how to recover the deleted files and e-mails concerning a fraud in your company,
- if you worry about being a tool of money laundering,
- if you have difficulty to solve disputes with your business partner accross the world,
- if you have question marks about any kind of financial crime other than those, more than 1,500 KPMG domestic and international Forensic professionals are waiting to help you. Below are the services you may be provided:
In the wake of high-profile corporate scandals as well as new regulations world-wide, many business leaders are increasingly aware of the need to create company specific anti-fraud measures to address internal corporate fraud. While acknowledging that no single approach to fraud risk management can fit every organisation's needs, KPMG Forensic identified key practices that organisations have generally found to be effective when tailoring a company specific anti-fraud program.Fraud risk management includes a variety of proactive (identifying gaps and proposing action plans to remedy them) and reactive (addressing issues after the problem has occurred) measures to manage the risk of fraud and misconduct. KPMG professionals may help you via:
- Developing a tailor made Fraud Risk Management program for your company
- Forensic in the Audit
- Developing and/or implementing a Code of Conduct specific to your company
- Fraud Awareness Trainings for your management and employees
- Developing and/or operating an Ethics Line that enables the employees report unethical behaviours
- Fraud risk assessment
- Implementation of fraud related internal controls (preventive/detective
Recent governmental actions as well as global benchmarks such as EU Money Laundering directive, demonstrate the seriousness of anti-money laundering for all business sectors and especially financial institutions. KPMG Anti-Money Laundering professionals may provide you below services:
- Train relevant staff on their responsibilities
- Provide due diligence reviews on customers, suppliers and other third parties
- Formulate, review and improve your Anti-Money Laundering policy
- Select appropriate Anti-Money Laundering systems
- Carry out money laundering investigations and reviews
KPMG firms' robust investigative approach is designed to assist clients who believe themselves victims of fraud or misconduct. We establish the facts, find out what's gone wrong, make recoveries of stolen assets and take further criminal, disciplinary or civil action as appropriate.
Our team of professionals can gather and preserve evidence, conduct interviews, freeze assets and report sensitively. We aim to ensure confidentiality, compliance with legal and ethical guidelines, and can assist you in managing potential reputational risk.
CORPORATE INTELLIGENCE
Part of managing risk involves being sure of whom you are dealing with, both internally (those you entrust to run your business) and externally (those with whom you do business), particularly if you have interests in unfamiliar jurisdictions where reliable and accurate information can be hard to obtain.KPMG firms' CI team gathers and assimilates information from various public and non-public sources to help companies make informed decisions on issues such as joint ventures, investments, recruitment, mergers and acquisitions, and disposals.
DISPUTE ADVISORY SERVICES
KPMG firms are experienced in dealing with cross-border dispute cases involving complex international issues and financial theories, multiple languages, geographically and culturally diverse locations, and multiple currencies with its global professionals across the world. On many occasions, we can assist you with issues including quantifying and analyzing your position, negotiation strategy, expert witness testimony, damages assessment and document management. We also have experience sitting as an arbitrator or independent expert to determine a dispute.
FORENSIC TECHNOLOGY SERVICES
Investigations, dispute resolutions and regulatory assignments increasingly revolve around information collected, stored and manipulated on computers. Our team has the tools, techniques and skills to assist in capturing digital evidence, manipulating large volumes of data to identify anomalies, suspicious transactions, links between suspects, key emails and attempts to manipulate financial records and providing access to captured data through a web-enabled service.KPMG can convert electronic traces into clear and reliable facts, make invisible data visible again and give the company a reliable picture of what actually took place.
INTELLECTUAL PROPERTY and CONTRACT COMPLIANCE SERVICES
Many companies have commercial relationships with third parties where payments and receipts are based on self-declarations that can be difficult to monitor, verify, or check. These relationships frequently arise from the licensing of various forms of intellectual property rights, such as royalty, licences, patents, copyright or know-how. KPMG firms take a multidisciplinary approach to these services, enabling us to understand partnering relationships for a large range of contractual compliance obligations. Our forensic background allows us to focus on facts rather than on opinions.
Please note that KPMG has found virtually 100% of third parties to have committed errors in their self-reporting, filed inappropriate claims, charged inappropriate prices, or unintentionally under-reported by as much as 20%.
For further information, please contact KPMG Forensic.
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