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White-collar crime has a profound adverse financial effect on individuals, businesses, governments and financial institutions alike. In recent years, the number of companies falling victim to white-collar crime has grown as bad actors have become increasingly sophisticated and bold in their techniques. And as the COVID-19 pandemic has precipitated a spike in cyber criminality, it has also likely served as the catalyst for increased corporate fraud and misconduct.

While white-collar crime has been viewed as non-violent and a largely victimless crime, attitudes have begun to shift in recent years. Regulatory expectations are also changing, particularly in the US where the Biden administration is likely to increase the Department of Justice and Securities and Exchange Commission’s focus on foreign corruption and money laundering. With more robust enforcement, active cases and a sustained emphasis on cooperation and self-reporting expected to be priorities, the importance of compliance is paramount, as is investigating white-collar crime.

Where there are allegations or suspicions of potential fraud, misconduct or regulatory violation, organisations must commit themselves to investigating thoroughly and cooperating with enforcement agencies fully. As whistleblower protections become more common, vigilance will be key. Companies must ensure they adapt their compliance programmes and controls accordingly.

Against this backdrop, Financier Worldwide turns to some of the leading lights in their field, who share their stories…

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