Fraud Risk Assessment (FRA)
FRAs are assessment programs that focus on identifying fraud-related exposures within an organization. At ICFE CG, a 7-step approach is used to ensure a thorough and effective assessment.
Download our FRA brochure
Fraud Prevention, Fraud Examination and Anti-Money Laundering
Fraud Prevention/Risk Consultancy (FPC) aims at complementing the corporation’s existing policies, controls and risk management measures to prevent the occurrence of fraudulent activities. After understanding the client’s needs, our consultant will review existing (if any) policies and/or measures. The review period will vary, depending on the size of the corporation, the needs of the corporation and the number of functions being assessed. Interviewing staff, on-site visits and surprise checks are some of the things that the review encompasses.
If you wish to build a fraud prevention/risk/whistle blowing framework, we can provide a one-stop service: from Discovery Interview, Designing the Framework, Implementation, Staff Trainings and Perform Subsequent Reviews.
Fraud Examination Services (FES) deal mainly with organizations post fraud occurrences. Our highly skilled Certified Fraud Examiners (CFE) will be assigned to examine each case referred to us. Some of our main components of fraud examination services are:
- Investigation/Forensic Accounting
- Interviewing and Profiling
- Obtaining and Processing Evidence
- Loss Recovery
- Expert Witness Services
All cases will be dealt with independently and treated with strict confidentiality.
Anti-Money Laundering Investigation (AMI) assists clients in examining suspicious transactions and ascertaining whether there are any money laundering activities. Thereafter, we will also recommend rectifying actions for our clients’ consideration. Our services involves investigating suspicious financial activities, transactions tracing, customer due diligence, employees due diligence, investigative interviewing and if necessary, coordination with the authorities. In a nutshell, we are a one-stop AML centre.
Anti-Money Laundering Consultancy (AMLC) provides clients support in complying to and sustaining their anti-money laundering control environments. Some of the services provided by our highly-skilled consultants are:
- Advisory and Design of sustainable AML Framework
- Advisory on AML compliance
- Review and Independent Audit of existing AML controls and policies
- Implementation of New AML Control Environments and Policies
Our CFE-IN-PRACTICE 24 hours Fraud Reporting/Whistle Blowing Services (FRS/WBS) provide our clients and their employees with a round the clock independent channel to report suspected fraudulent activities. Our channel is manned by trained consultants who will assess the report and forward it to the person appointed by the company (identity of this person will be kept confidential). At the same time, we will also include our suggestions for the next course of action. A simple flow diagram below shows how this works:
Do note that we only respond to reports from registered clients. All other reports will either be ignored or forwarded to the authorities.
For more information, please email consult@icfe-cg.com or call +65 6222 9861
Digital Forensics
First Response Crisis Management (FRCM) is a comprehensive suite of services meant to assist our clients in overcoming obstacles posed by digital devices in the course of investigation, audit and loss recovery. It has two main components, namely the Building Forensics Capability and Digital Forensics services. Essential elements of both services include:
Building Forensics Response Team (FRT)
- 4 weeks assignment
- Discovery meeting and assessing needs and scope of works
- Presentation of findings (IT needs, budget, regulatory requirements, trainings, etc)
- Training of personnel to perform regulatory-compliance forensics works. (Max 10 persons)
- Logistics Purchase and creation of Administrative policies and Procedures
- Post-establishment analysis and consultation
- Regular audit of the FRT (Not included in the package: Separate charges apply)
Digital Forensics Services
Forensic Imaging: The collection of vital evidence from a computer system and maintaining the evidence in a way that will retain its integrity in a forensically sound manner suitable to presenting the evidence findings in court
Forensic Analysis: The analysis of forensically collected data and its presentation.
Legal Support: To provide technical advisory support on digital forensics to legal professionals and for e-discovery type engagement.
Expert Witness Services: Present all forensic analysis and findings as an expert witness to judicial courts, company boards and any other environment that required such services.
Corporate Skills
We specialize in organizing trainings for areas such as Systems Thinking, Team and Leadership Development, Strategic Conversations Facilitation, and more.
Click here to learn more about our trainer(s)
Corporate & Financial Advisory Services
VALUE-ADDED AUDIT SERVICES
Value-Added Audit is designed to assess organizational and individual ethics within corporations. We understand that it is a tumultuous task for auditors to ensure that individuals are ethically discharging his or her responsibilities and at the same time avoiding allegations of conflict of interests.
Our consultants are able to perform the audit objectively and ensuring that all findings are independent. At the end of each audit, our consultants will go through the review points with the management and at the same time, provide suggestions for improvement and/or enhancement.
The aims of the Value-Added Audit are:
- To develop an ethics assessment tool designed to evaluate an organization's compliance to stated ethics policies
- To pinpoint the underlying causes of patterns of unethical and/or undesirable employee behavior
- To reduce the incidence of employee conflict between the intended change and their personal ethical standards and expectations
- To increase employee commitment to organizational goals and objectives
For more information, please email consult@icfe-cg.com or call +65 6222 9861
