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Malicious actors exploit financial and economic uncertainty for malfeasance, inflicting monetary and reputational harm on companies. In recent years, the coronavirus (COVID-19) pandemic, Russia’s invasion of Ukraine and the global economic downturn have presented myriad opportunities to commit fraud, corruption, bribery, organised crime, cyber crime, identity theft, money laundering and drug trafficking, among others.

The impact of white-collar crime is substantial. For criminals, the financial gains can be huge. According to the Federal Bureau of Investigation (FBI), white-collar crime is estimated to cost the US more than $300bn annually. As such, it is imperative that companies and their employees take steps to combat it wherever possible.

Though there are no easy answers, perhaps the most effective weapon in a company’s arsenal is the ability to stop illicit behaviour before it starts. Investigating potential white-collar crime improves an organisation’s ability to prevent it. Often these investigations are multijurisdictional and involve forensic collection and review of large amounts of data. But done properly, they can help companies create strategies, tactics and techniques to improve and enhance internal controls.

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

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