Economic crimes tend to be committed by managers or senior employees with knowledge of, and access to, your company’s innermost secrets. It is not a "victimless" crime. Economic crime is like any other crime: it has perpetrators, and it has victims. It poses a real and substantial threat to the stability of any business, so taking the proper measures to prevent or react quickly to malfeasance is critical. By far the most common fraud is asset misappropriation, accounting for well over half of all cases. But fraud is a very general term, and in practice economic crime can take an almost dazzling variety of forms, ranging from corruption and bribery to product piracy, industrial espionage, and financial misrepresentation. What’s more, companies that fall victim to economic crime often suffer damage that is far more severe than direct financial loss: The blackening of an invaluable reputation and a carefully built brand image, as well as the undermining of employee morale, can be crippling.
If this is your situation:
- Your company has suffered fraud;
- Your company is facing bribery and corruption claims or there is a suspicion of accounting manipulation, or inappropriate/inadequate disclosure;
- You want to ensure that you are in compliance with anti-money laundering and other financial crime regulations;
- You have concerns about the effectiveness of your anti-fraud programmes, as well as your controls over financial reporting.
What PwC can do for you
At PricewaterhouseCoopers (PwC) we can field a wide international network of forensic accountants, certified fraud examiners, former financial regulators and law enforcement officers, computer forensic technicians, and asset recovery specialists. We provide confidential, unparalleled resources to investigate fraud, as well as advise on managing and mitigating risk including ways to identify and analyse vulnerabilities. Our specialists can assist you in corporate investigations, including misappropriation of corporate assets, their recovery or restraint-of-use, as well as undisclosed conflicts of interest and improper business relationships. At PwC we can provide you with innovative, expert advice and analysis regarding damages and settlements, and we can re-design you business practices to prevent future acts of crime. Add to that our experience with internal controls improvements, strengthening IT systems, and our ability to prepare expert reports, and it’s clear that your first call should be to PwC.
Our Investigations service offerings
- Corporate fraud investigations
- Background research of people & entities
- Computer forensics (data imaging, recovery & analysis)
- Cyber crime investigations
- Money laundering investigations & compliance audits
- Insolvency & bankruptcy investigations
- Intellectual property investigations
- Fraud risk management, prevention and detection
- Asset tracing & recovery
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