Fraud & Integrity
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Regents Risk Advisory is a leading risk consulting companies, specialising in corporate investigations. We provide a broad range of intelligence and analytical information services, helping clients address and mitigate risk and protect business assets.
Regents operate a multi-disciplinary approach to developing business critical intelligence, combining investigative experience with a deep understanding of the business environment. We draw on a wealth of specialised knowledge, from former senior law enforcement officials to accountants, anti-corruption investigators and intelligence analysts.
Any business or organisation can fall victim to fraudulent or corrupt behavior, resulting in financial losses ranging from minor sums through to millions of dollars, as well as damaging brand integrity and public trust, sometimes to the point of threatening the very existence of the business.
Fraud and corruption are not new threats to businesses, but the scope of adverse effects and potential losses has widened. As managers have taken on more responsibility, they have become less able to devote time to overseeing subordinates, and the opportunities for fraud or corruption have grown. Few organizations are equipped to investigate fraud and corruption effectively, yet failure to act promptly and decisively can be the difference in identifying those responsible, recovering assets and preventing future occurrences, and not.
Moreover, as businesses begin to operate on a more global level, those affected by corrupt behaviour risk being investigated by foreign authorities under laws such as the USA Foreign Corrupt Practices Act or the UK Bribery Act.
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Regents Blog
Glossary of Scams in Malaysia
LHDN impersonation scamsRecent years have seen scammers boldly impersonating Lembaga Hasil Dalam Negeri Malaysia (LHDN), approaching Malaysians with offers of rebates for overpaid taxes or worse, threats of legal action for overdue tax. Impersonation scams known as...
Business Email Compromise Scams Are On The Rise
Business Email Compromise Scams Are On The Rise There has been a surge in business email compromise (BEC) or email account compromise scams (EAC) in recent years, causing losses of Millions of Dollars every year to individuals, plus Small and Medium companies. This...
Bribery and corruption behind Football
match fixing in Malaysia
Online gambling on football matches in Asia has reached hundreds of millions of dollars each season – with the risk that those involved in making or receiving large-scale bets would seek to manipulate the results by threats or bribes of the players, managers or...
Fraud audits for companies and organisations
Fraud is an ever increasing problem for companies and organisations of all sizes. According to the Certified Fraud Examiners recent survey in 2008 in the USA alone, around US$994 Billion was lost to fraudulent activity. Fraud is a different form of commercial crime,...
Air India Found Wanting
– Designing a Robust Fraud Prevention
Stelios Haji-Ioannou, founder of budget airline EasyJet once uttered the famous phrase “If you think safety is expensive, try an accident”. This was based upon his dire experience in 1991 when a tanker belonging to his father’s shipping company spilled 50,000 tonnes...
Major corruption payments to Singapore Ikea manager
A Singaporean businessman who paid an incredible SGD $2.4 million to Singapore Ikea’s food services manager over six years has pleaded guilty to 12 counts of corruption involving $761,020. Andrew Tee Fook Boon, owner of business AT35 Services, gave monthly bribes to...