In the current crisis, fraud is again rearing its ugly head. We have developed this site to provide you with practical advice and resource in preventing and responding to the increased threat of fraud.
For businesses, it is crucial to develop and maintain adequate fraud policies. This includes having in place internal monitoring and reporting mechanisms, insider threat policies and cybercrime detection systems.
Fraudsters are able to move money between countries in a matter of moments. It is therefore essential for Businesses to have a response plan which enables them to take a multi-jurisdictional approach to ensure appropriate action to freeze and recover funds is taken.
In times of crisis, incidences of fraud and dishonest behaviour invariably increase. The crisis caused by the outbreak of COVID-19 will be no exception. In recognition of this the UK Government has recently issued guidance.
The FCA are closely monitoring the coronavirus (Covid-19) situation and taking sensible precautions to make sure consumers are protected. Please read further via the FCA website.
You may also find the following products helpful:
Singapore: Scams and cyber attacks – it can happen to any corporate entity. Nobody is immune to scams and cyber-attacks. With the increase in scammers’ levels of sophistication, their targets have also increased in scale. Scammers even routinely target multinational corporates and banks which have far more robust defences and highly trained personnel than the average SME. As such, the authors seek to suggest a quick response playbook that companies can consider adopting and for determining their responses during a time-sensitive period when faced with such issues.
United Kingdom: Recent anti-money laundering enforcement action underlines the importance of firms having appropriate dawn raid policies in place and ensuring that their staff know how to respond in the event of an investigation. Dentons can help your business get prepared.
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