Fraud and counterfeiting |
Fraud directly affects your bottom line profit. With a generous profit margin of 5%, you would need to generate an additional CHF1m to recover losses from a mere CHF 50,000 fraud.
A very current issue
In today's economic climate, the adage "prevention is better than cure" has never been more accurate. No organisation can be completely immune from fraudulent activity, but steps can be taken to reduce exposure to financial loss, reputational damage and service interruption which are common consequences of fraud.
Our forensic team consists of lawyers, accountants, auditors, ex-prosecutors, ex-law enforcement, business intelligence, as well as IT specialists. We combine our forensic accounting and investigative skills with advanced computer labs and cutting-edge technology to offer innovative solutions to our clients’ complex legal problems.
Our service solutions:
Financial Crime and Regulatory Investigations
We provide clients with both proactive and reactive fraud and accounting investigation services in fraud investigations, bribery and corruption, regulatory investigations (Cartels, Sanctions, Anti-money laundering, Foreign Corruption Practices Act).
Forensic Technology & Data Analytics
We provide clients with both proactive and reactive fraud and accounting investigation services in all aspects of fraud Detection tool- your accounting, supplier, payroll, inventory or customer data are matched against a predefined set of parameters to identify fraudulent transactions. Additional services include Collection of data (forensic imaging of computers, servers, CD-Roms, USB sticks etc.) according to Court evidence standards and Analysis of data (emails, e-files etc. ) through keyword searches to support or refute the financial crime/bribery allegation.
Dispute services
Disputes can arise from a multitude of different circumstances and scenarios. We assist clients in delivering effective solutions, including; international arbitrage & expert witness services, litigation support in sales/purchasing contracts and complex contracts, intellectual property services.
In all cases, our specialist teams work to ensure that our expert reports are subjected to the same challenges and testing methodologies and review processes.
Investigation in the luxury goods sector
After an internal audit investigation, a Swiss luxury watch company discovered suspicious unexplained differences in precious stones inventories. They approached us and asked for our support to identify the origin of the suspected fraud.
Our forensic and dispute services team recently investigated the multi-million dollar precious metal inventory differences for a Swiss luxury watch company. We analysed the internal supply chain and logistics processes as well as internal controls regarding subcontracting, logistics and production planning, and scrap and work-in-progress processing.
Our review also included an investigation into the accounting system and a substantial number of inventory transactions in order to identify in which of the 220 physical and logical inventory locations most of the inventory shrinkage occurred.
Our findings were presented to the Audit Committee and the Head of Internal Audit.
