Tag: Fraud

Social media gets blamed for a lot these days and sometimes for good reason. Recently, the IRS issued a warning to individual and business taxpayers to beware of tax misinformation

Whether your organization purchases businesses with real estate or invests in real estate directly, there’s always a risk of real estate fraud. Real estate transactions are complicated, making it relatively

For many organizations, such as retailers, manufacturers, and contractors, a key part of operations is strict inventory control. In order to meet customer demand, realize profits, and produce goods effectively,

Expense reimbursement fraud is one of the occupational fraud schemes that accumulated more costs for employers since the beginning of the COVID-19 pandemic in 2020. According to the latest report

Occupational fraud is not solely a financial threat, and it can also potentially change an organization’s reputation, culture, and relationships. But before dealing with any larger ramifications of fraud, defrauded

Financial institutions, investment service organizations, insurers, and creditors typically are required to implement and follow “know your customer” (KYC) policies as part of a larger scale anti-money laundering (AML) effort.

When employees commit fraud, they generally try to keep the schemes going as long as possible by hiding their illegal activities from others. The success of these thieves depends primarily

If your organization suffers losses due to fraud, you may decide to pursue legal action, possibly to be compensated for damages. But, quantifying fraud loss can be difficult. Typically, the

Many organizations show support to their communities by donating to local charities. While there are plenty of non-profits that are worth supporting, there are some that exist solely to pull