Technical StaffApril 25, 2023The following list of common red flags may indicate fraudulent behavior. However, they may not always mean fraud, but they may help identify potential risks and assess whether further investigation is warranted.1. Unusual behavior: A fraudster may exhibit unusual behavior, such as working odd hours, taking frequent vacations, or...
Technical StaffMarch 21, 2023Earlier this month, the failures of Silicon Valley Bank and Signature Bank caused widespread fear and concern in both local and global markets. However, timely government intervention helped maintain public confidence in financial institutions and capital markets, preventing further damage. There are both monetary and nonmonetary costs...
Technical StaffMarch 17, 2023On March 14, 2023, the Daily Mail reported that Credit Suisse had acknowledged the existence of ‘material weaknesses’ in its financial reporting controls while also grappling with $120 billion in customer withdrawals resulting from a series of scandals, which have caused the bank’s shares to plummet to...
Technical StaffFebruary 24, 2023Effective governance1 is critical for any company to thrive and succeed in today’s highly competitive business environment. A prominent and significant challenge boards of directors face is ensuring equal opportunities for all members to contribute to decision-making. Unfortunately, one or two directors dominate the board all too...
Technical StaffFebruary 21, 2023Anti-Corruption Compliance PolicyPurposeThis Anti-Corruption Compliance Policy provides guidelines for our organization to comply with the Anti-Corruption Policy. This policy is designed to prevent, deter, and detect corruption, fraud, and bribery within our organization and among its stakeholders. It also aims to bolster our corporate culture and values. Policy...
The world celebrates each year International Anti-Corruption Day on December 9. This day is celebrated to remind people of the importance of fighting corruption and promoting transparency in government. Corruption hurts economic development, the rule of law, and social stability. However, the extent of corruption damages varies among countries. Looking back...
November 29, 2022Technical Staff FTX is a cryptocurrency exchange that allows users to buy and sell crypto assets. Cryptocurrencies all share the same basic structure as their star asset, bitcoin: a publicly accessible “blockchain” that records ownership without controlling central authority. FTX is significant because it, along with its competitor...
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