Categorie: Forensic and Financial Crime

december 19, 2020 News Releases 0 Comments

The COVID-19 Pandemic still continues to grow with increased impact on the Dutch economy triggering business continuity and crisis management responses across organizations of all sectors and sizes. At the same time, the financial services industry faces new unique threats from fraud perpetrators and continued expectations from regulators that Anti-Money Laundering (AML) Investigations and Compliance services must be maintained despite the disruption to business-as-usual. Praetor Forensic Auditing provides the services required to help private and public organizations identity the nature and extent of financial crime and deliver appropriate remedies: Fraud Risk Assessment, Fraud Risk Management, Fraud Investigations, Compliance Assistance, Integrity Due Diligence, Forensic Business Intelligence, Litigation, Negotiation, Reputation Management, Forensic Technology and Discovery Services and Legal Department Operations.

december 5, 2020 News Releases 0 Comments

VAN LEEUWEN FORENSIC AUDITING provides holistic services related to customer due diligence, sanctions screening, and transaction monitoring technology solutions at a variety of financial institutions- from global, industry-leading banks- to small, regionally focused institutions. These institutions must balance subject matter expertise and technical acumen to leverage technology effectively in their compliance programs. With this understanding, the firm assists institutions to deliver proven and practical cutting-edge technology solutions that pass regulators’ scrutiny while improving effectiveness and efficiency in detecting and investigating suspicious behavior and sanctions violations.

december 4, 2020 News Releases 0 Comments

The SFIO focuses on fraud with a financial dimension, including tax fraud (Sections 68 and 69, General State Taxes Act), money laundering (Section 420bis et seq., Criminal Code) and forgery (Section 225, Criminal Code). Bas has also a wideranging experience in defending clients in criminal investigations into related offences, including deception/embezzlement (Sections 326 and 321, Criminal Code), bankruptcy fraud (Section 340 et seq., Criminal Code), corruption (Sections 177 and 328ter, Criminal Code), breaches of the Money Laundering and Terrorist Financing Prevention Act and sanctions legislation (Sections 1, 1a and 2, Economic Offences Act), and breaches of the Regulation 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, Official Journal No. L.119 of 4 May 2016, p. 1 et seq. (General Data Protection
Regulation).

december 4, 2020 News Releases 0 Comments

People commit fraud because of a combination of perceived pressure, rationalization and opportunity. The majority of frauds starts small as the result of an immediate financial need. Once individuals gain confidence in their fraudulent scheme, the fraud continues to get larger and larger until it is discovered. The fraud triangle provides a lens from which to examine any fraud. The fraud triangle is comprised of perceived pressure, perceived opportunity and rationalization. Fraud will only occur if all three elements of the triangle are present.

december 1, 2020 News Releases 0 Comments

PRAETOR FORENSIC AUDITING helps clients identify and assess financial crime risk, respond to evolving regulation, react to regulatory action, and enhance their existing financial crime risk management programme. Our services include: Strategy Consulting, Risk Advisory, Compliance Solutions, Independent Review, Technology Innovation and Investigations.

december 1, 2020 News Releases 0 Comments

Enforcement actions and penalties continue to expose systemic failures and areas of noncompliance within a financial institution’s Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) program and Office of Foreign Assets Control (OFAC) program. Additionally, internal audits or investigations may illuminate areas of potential weakness or concern. Financial institutions often face challenges such as resource and technology constraints, outdated or improperly scoped internal testing programs, or limited knowledge of industry trends and complex regulatory requirements. With vast BSA/AML and OFAC knowledge and experience, visibility into industry trends and best practices, and knowledge of the evolving regulatory landscape, PRAETOR FORENSIC AUDITING serves as a strong, independent compliance review consultant to meet your regulatory testing obligations. It helps clients proactively identify deficiencies ahead of regulatory examinations, validate corrective actions, or advise and assist with remedial efforts that will withstand the scrutiny of regulators and prosecutors.