Every company is at risk of fraud perpetrated by vendors and employees. Whether through vendor kickback, asset misappropriation, fraudulent expense claims, or straight out larceny, your company assets are vulnerable.
Call 780-719-0016 or use the contact form on this page to contact Ken about your occupational fraud concerns.
If you suspect your company is being defrauded, you need to conduct a thorough, documented investigation to establish evidence of fraud. Your investigation may also suggest the measures you should take to stop the fraud.
If you have discovered a fraud scheme in your company, you need to take measures to collapse the scheme and to stop the bleed. You may need to change your tender process, to switch vendors, to segregate duties, or to transfer employees.
Once the scheme has been stopped, and you’re left to pick up the pieces, you will need to make some decisions. You may want to go straight to the police and report the fraud, but remember:
You may decide that civil litigation is the best way to recover your losses. The civil court process:
Fair enough. Sometimes cutting your losses and firing a guilty employee is the best course of action. But before you do so, consider the pain if you are later forced to rehire the fraudster because that employee has won an unlawful dismissal case against you. Worse yet, you might have to compensate the thief for lost wages!
Clarium Fraud & Compliance Solutions has more than 20 years of front-line experience investigating and stopping occupational fraud.
Contact Clarium Fraud & Compliance Solutions today to discuss your occupational fraud concerns.
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Part of maintaining the CFE and CAMS credentials requires 20-hours of continuing professional education (CPE) each year. Here are my CPE hours for June 2015- June 2016.
Clarium Fraud and Compliance Solutions Ltd. has completed a contract with the National Energy Board to develop its whistleblower program.
Ken Brander's critical examination of Canada's national money laundering and terrorist financing risk assessment.