by Regents Risk Advisory | Jul 21, 2012 | Miscellaneous
Gift card vouchers can be the perfect solution for a birthday when you’re not sure what present to buy. Simply pay cash at the store or shopping mall and transfer the same value onto the voucher to be used at the designated outlets or mall. Travellers Cheques have...
by Regents Risk Advisory | Jun 25, 2012 | Corruption, Employee Misconduct, Fraud & Integrity, Fraud Audit
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...
by Regents Risk Advisory | Feb 8, 2012 | Corruption, Employee Misconduct, Fraud & Integrity
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...
by Regents Risk Advisory | Jun 14, 2011 | Corruption, Fraud & Integrity
Despite being the home of software programmers and large scale IT out-sourcing companies, the Indian public has not been exposed to internet sensations, rumours and intrigue to the same extent as countries such as the USA. Until now. The online opinion company Speak...
by Regents Risk Advisory | May 13, 2011 | Fraud & Integrity, Fraud Money Laundering
Skimming is the term given to the type of fraud whereby cash from a customer is diverted before it enters the victim company. Embezzlement is the more technical term given to this practice and it is also known as an `off-book fraud’. Detecting and proving a skimming...