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Risk, compliance, anti-bribery and anti-corruption related news, events and publications


The Value of Accreditation: World Accreditation Day 2020

Accreditation has a positive impact on consumers, suppliers, purchasers, and regulators across industries and organisations all over the world. Proper accreditation and certification can demonstrate necessary expertise and training, and ensure quality and reputability. That’s why CRI Group and ABAC® Center of Excellence Limited will celebrate World Accreditation Day on Tuesday, 9 June 2020. We […]

Anti-Bribery Compliance Programs in EMEA Countries

Preventing bribery and corruption is a global effort that crosses international borders. In just the past few years, many governments have enacted more laws and regulations to reflect that reality. European, Middle Eastern and African (EMEA) countries are no exception – in many ways, they are at the forefront of this new anti-bribery and anti-corruption […]

Major Bribery and Corruption Cases in Malaysia

Combating corruption has increasing risen to the top of policymakers and company agendas. Despite the fact that it has long been a prevalent issue, there is a greater awareness of the negative implications of corruption on both social and economic development. Malaysia has a history of implementing measures to tackle corruption and bribery, with cases […]

CRI Group: 30 Years of Safeguarding Organisations

This month, May 2020, marks a major milestone for Corporate Research and Investigations Limited (CRI Group). CRI Group is a worldwide provider of background screening, investigative due diligence, third-party risk management, compliance and other professional investigative research services. From the very beginning, CRI Group has been dedicated to safeguarding organisations, helping businesses fight bribery and […]

CRI Group Named Certified Provider by HRO Today Association

CRI Group has been approved by the HRO Today Association as a Certified Provider to the human resources services industry. CRI Group completed a rigorous audit process and “demonstrated a high level of accountability of standards and ethics,” according to an HRO Today Association statement. Established in 1990, We are a leading global provider of […]

Top risk management concerns amid the COVID-19 pandemic 

A global crisis calls for a fresh due-diligence and risk management review of your company’s third-party partnerships. The worldwide coronavirus pandemic has disrupted life in just about every sense of the word, from personal health concerns and social distancing to shelter-in-place mandates and business closures. But in the corporate world, life plods on. Critical concerns about […]

List of top business risks: leaks, data theft and reputational harm

Sometimes business owners or management have an outsized sense of business risks for a particular threat. For example, some companies place extreme emphasis on guarding their intellectual property (IP), when in actuality the incidence of IP theft for their industry might be low. Other times, however, their priorities are firmly in line with the threat […]

For U.S. organisations, ISO 37001 can help prevent bribery and corruption

Introduction First-world countries are not immune to the worldwide problem of corruption. As a matter of fact, the United States – considered by many as one of the leaders in anti-corruption laws and enforcement – has faced a rash of major corruption scandals over the past 20 years and beyond. In the early 2000s, accounting […]

Fraudsters prey on fear, confusion during the COVID-19 crisis

In a time of crisis, we often see the best in people. Even before COVID-19 was officially classified by the World Health Organisation (WHO) as a global pandemic, citizens and government leaders alike were praising the selfless sacrifice of doctors, nurses, first responders and others putting themselves in harm’s way to help treat and limit […]

Background Screening: Compliance With Privacy Laws

It’s a fact that some of the most talented and promising job candidates possess the most disturbing pasts. Such deception can lead to a perilous future for an employer. This is the primary reason businesses are strongly advised to conduct background screening investigations before hiring seemingly well-qualified managerial candidates. In every region and jurisdiction in […]

Fighting bribery and corruption in Malaysia

Fighting bribery and corruption: the burden of establishing innocence is now on corporate directors. Beginning June 1, apathy and ignorance towards bribery and corruption in your business could personally cost you. Malaysia’s seemingly never-ending battle to combat bribery and corruption will take a decidedly different turn on June 1st of this year, as specific measures go […]

Background screening: how to conduct it in the Middle East?

Background screening is critically important for business worldwide. Providing such service is a complex process, and it is different for every country and region. In the United States, investigators have a web of databases at their disposal and a vast network of local resources that provide a wealth of information at the mere click of […]

MACCA’s Corporate Liability Provisions Come into Effect in June

Malaysia is taking a further step against corruption with its new Corporate Liability Provisions of the Malaysian Anti-Corruption Commission (Amendment) Act 2018. The new provisions go into force this June. The measure has been compared to the UK Bribery Act 2010 and the U.S. Foreign Corrupt Practices Act (FCPA) 1977 (The Star, 2019). Section 17A […]

UKAS Accredits ABAC Center of Excellence’s Anti-Bribery Certification Capabilities

ABAC Center of Excellence Limited announced that the United Kingdom Accreditation Service (UKAS) has accredited its ABAC Certification services for administering the ISO 37001:2016 Anti-Bribery Management Systems standard. ABAC Center of Excellence Limited provides ISO 37001:2016 anti-bribery management systems certification for organisations that implement prescribed measures to prevent, detect and address bribery. Pursuant to this, […]

ABAC® Center of Excellence: aiming for a higher standard

At CRI Group’s ABAC® Center of Excellence Limited, we are affiliated with leading certification and accreditation bodies around the world. These affiliations and accreditations help demonstrate the high level of experience and knowledge we provide in anti-bribery, risk and compliance management to our clients on a daily basis. That’s why ABAC® has achieved essential accreditations from […]

Resilient and defensible Third-Party Risk Management Compliance Program

Are you establishing the legal compliance, financial viability, and integrity levels of outside partners, suppliers and customers seeking to affiliate with your business? It’s highly probable that, at some point, organisations that affiliate with outside providers will eventually have to deal with an operational interruption resulting from third-party related issues and inappropriate conduct. The risks […]

10 Ways to Maintain GDPR Compliance

In 2018, the European Union’s (EU) General Data Protection Regulation (GDPR) came into force. The GDPR was a response to massive worldwide data breaches that were undermining the trust and security of private citizens whose personal information was at stake. As this data was exposed by both hackers and, in some cases, simply through poor […]

4 Red Flags of Collusion: What Every Company Needs to Know About Due Diligence

In business, one of the many schemes that can cause serious legal and financial consequences is collusion. While some business leaders might wonder what separates collusion from other types of fraud, and how to identify it, there is a key factor: secrecy. Collusion involves at least two parties (sometimes more) who collaborate in an effort […]

ABAC Opens Office in the Abu Dhabi Global Market

ABAC Center of Excellence Limited (www.ABACgroup.com), a wholly-owned subsidiary of Corporate Research and Investigations, headquartered in the United Kingdom, and a leading provider of ISO 37001 Anti-Bribery, ISO 31000 Risk Management and ISO 19600 Compliance Management Systems certification services, announced today the opening of its offices in the Abu Dhabi Global Market (ADGM). The International Organization […]

6 challenges for compliance officers in 2020

The job of a compliance officer can be a difficult one. Organisations from large corporations down to small government agencies rely on their compliance officers to keep them within ethical and legal boundaries. They also rely on them to maintain monitoring and reporting requirements, and stay abreast of any changes in the compliance landscape. For […]

Interview with CRI Group’s CEO: Risk and Compliance magazine

Interested in employee integrity due diligence and pre-employment screening? Or are you engaging in a merger or acquisition, an IPO, engaging suppliers, contractors, or new clients and looking for third-party risk management solutions? Background checks and necessary screenings are vital to avoid horror stories and taboo tales that occur within HR, your business or even your brand – […]

Top 10 Bribery and Corruption Stories of 2019

There is a never-ending stream of news stories documenting bribery and corruption cases around the world. Some of those cases rose to the top of the headlines in 2019. All of the stories help illustrate the need for organisations to have proper controls in place to prevent bribery and corruption. A certification such as ISO […]

ABAC Seminar Provides Solutions on International Anti-Corruption Day

“Manage your business risks with confidence” was the tone for CRI Group’s ABAC® Center of Excellence anti-bribery anti-corruption training event held on International Anti-Corruption Day (Monday, 9 December) in Dubai. Hosted at Dubai Quality Group’s offices at Emarat Atrium Building, “Introductory Seminar on ISO 37001:2016 Anti-Bribery Management System” provided critical insight on how to protect […]

We’re All Paying a High Price for Corporate Corruption

Corruption weakens governments, fuels organised crime, stifles economic growth and discourages development. International corruption continues to undermine the progress of developing nations as rogue politicians, civic leaders and corporate representatives conduct “business as usual” to bypass bureaucratic red tape or circumvent competitive processes. But the world is taking notice and punishing those organisations accused of corruption […]

CRI Group Leads From the Front on International Anti-Corruption Day

International Anti-Corruption Day is Monday, 9 December 2019. The campaign was started as a joint venture between the United Nations Development Programme (UNDP) and the United Nations Office on Drugs and Crime (UNODC), and now organisations around the world are united against corruption for this day every year. United Against Corruption focuses on corruption as […]

Bribery and corruption plague Middle East, how can ISO 37001 help?

Introduction Political and governmental unrest can affect a region’s economy and the integrity of business transactions. The current state of the Middle East exemplifies this phenomenon. While governments in the region are making efforts to curb corruption, political instability and regime changes often undermine these measures. Bad actors understand how to take advantage of such […]

CRI Group is a proud supporter of Fraud Week

It is International Fraud Awareness Week, 17-24 November 2019 – and CRI Group is once again a proud Official Supporter of this global movement. Fraud Week was created to reduce the impact of fraud and corruption by promoting anti-fraud awareness and education. Organisations lose an estimated 5 percent of their revenue annually due to fraud, […]

Fraud Awareness Week: 8 steps to prevent fraud

International Fraud Awareness Week, or “Fraud Week,” is a global campaign to minimise the impact of fraud by promoting anti-fraud awareness and education.  This year, Fraud Week is November 17-23, 2019, and CRI Group is proud to once again be an enthusiastic Official Supporter of this annual movement for awareness and prevention. CRI Group offers some […]

25 Benefits of ISO 37001:2016 ABMS Certification

How to fight bribery and corruption? Bribery and corruption are a dent on the image of any company. It is an unwanted and unsightly reflection that can be not only be mitigated but prevented in the organisation. The negative representation might result in a loss of trust among customers, affiliates and business patrons. In addition, […]

Bribery and Corruption: An Impending Doom on Investments

Bribery and corruption are a form of abuse to the progress of the economy. It has far-reaching consequences that hinder the development of individuals, businesses and the nation. The impact of corruption and bribery go beyond discernment and can lead to financial losses, withdrawal of investors, dissuasion of shareholders, perpetuation of fraud, reputational damages, business […]

ABAC® – 3 years of fighting against bribery and corruption

CRI Group’s ABAC® Center of Excellence is proud to be celebrating three-years anniversary since its formation back in 2016. For three years, ABAC has gone from strength to strength, having hosted three ABAC® Summits in Karachi, Islamabad and Kuala Lumpur, with plans for more to come. During this time, ABAC® was accredited by EIAC for […]

Brexit poses new bribery challenges, ISO 37001 provides solutions

While the United Kingdom has positioned itself as a leader in the fight against fraud and corruption, the shifting economic conditions surrounding Brexit have raised uncertainty and vulnerability. As some organisations are forced to forge new trade deals outside of already established European Union (EU) relationships, some experts warn that there will be more exposure […]

Top 10 things every organisation should know about background screening

Hiring new employees is an essential part of operating, and growing, a successful business. It also presents an inherent risk to any organisation. According to popular employment site CareerBuilder.com, “Fifty-eight percent of hiring managers said they’ve caught a lie on a resume; one-third (33 percent) of these employers have seen an increase in resume embellishments […]

ABAC Center Of Excellence In Malaysia: United For Anti-Bribery and Anti-Corruption

CRI Group recently launched a publication, which overviews anti-bribery and anti-corruption solutions in South Asia. South Asia has a troubled record when it comes to preventing bribery and corruption, as well as enforcing compliance. Recent cases and statistics show that the problem persists in most countries in the region. Both government officials and private sector business […]

Apex achieves ISO 37001 ABMS Certification through CRI Group

Apex Shipping Services LLC, based in Dubai (UAE), has successfully demonstrated compliance with ISO 37001 Anti-Bribery Management System (ABMS) requirements and attained ABAC Certification from CRI Group (Corporate Research and Investigations Limited). Kanwal Zafar, Managing Director at ABAC Center of Excellence, announced the certification in a statement. “It is our honour to recognise Apex and […]

As South Asia Grapples with anti-bribery compliance, ISO 37001 provides solutions

Introduction On the whole, South Asia has a troubled record when it comes to preventing bribery and corruption, and enforcing compliance. Recent cases and statistics show that the problem persists in most countries in the region. Both government officials and private sector business leaders are struggling to adopt policies, control methods and best practices to […]

Top 10 ways to protect your organisation from bribery and corruption

Public sector corruption siphons $1.5 trillion to $2 trillion annually from the global economy in bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty, according to the International Monetary Fund (IMF). The fact is, bribery and corruption can affect any organisation, of any size, in any industry and location. […]

Achieving Success in Preventing, Detecting Bribery and Corruption

When organisations make the decision to make anti-bribery anti-corruption compliance a top priority, the results speak for themselves. The ISO 37001:2016 Anti-Bribery Management System training and certification standard bring together best practices, proven strategies, and elements of the U.S. Foreign Corrupt Practices Act, the UK Bribery Act 2010 and other major legislation aimed to curb […]

CRI Group and ABAC CEO Presents ISO 37001 ABMS at MACC Seminar

CRI Group and ABAC Center of Excellence CEO Mr. Zafar Anjum was a speaker at last week’s Malaysian Anti-Corruption Commission (MACC) Seminar Benchmark on Governance, Integrity & Anti-Corruption. Mr. Anjum presented “Anti-Bribery Management System (ABMS 37001) Case Study and Implementation – UK Experience.” He provided an overview of ABMS 37001 Accreditation & Certification as an […]

Decrease Bribery Risk with ISO 37001:2016 ABMS

Bribery and corruption are worldwide problems with serious consequences for organisations of any size, industry or region. To help combat this threat, the International Organization for Standardization (ISO) issued the ISO 37001:2016 Anti-Bribery Management System (ABMS) standard. This standard helps businesses, nonprofits and governmental agencies to reduce their risk of bribery and corruption, How? By […]

Bribery and Corruption: Major Threats to Organisations Worldwide

For ages, systematic bribery was tolerated in various countries and industries as a “necessary part of getting business done or circumventing bureaucratic red tape.” The times are changing, however. Societies and their governments have recognised that bribery and corruption vastly affect economic growth, undermine trust and discourage investment.  In fact, studies show that bribery and […]

IntelliSoft achieves ISO 37001 ABMS Certification through CRI Group

Award-winning Information Technology Services company ISS Middle East FZC (IntelliSoft) has successfully demonstrated compliance with ISO 37001 requirements and attained ABAC Certification in ISO 37001:2016 Anti-Bribery Management System (ABMS) for services such as SAP Professional, Technology, Infra services & solutions (Data Management, Application development, Legacy Modernisation Cloud service, Analytics & Mobility), Staffing, Recruitment and Outsourcing […]

ISO 37001 Certification: a Proclamation of Business Integrity

It’s a well-known World Bank statistic, but one that bears continual repeating: More than US$1.5 trillion – or 2% of world gross domestic product – is paid in bribes each and every year, contributing to the demise of governments, inadequate social services, inferior infrastructure, low-quality goods and services, and a general strain on public and […]

Rent Checks Post-Brexit

Uncertainty around Brexit continues, and the possibility of a no-deal means it is still challenging to predict what will happen when the UK leaves the EU. The Government is yet to release official guidance on what letting agents and Landlords will need to do, should a no-deal Brexit be the outcome of the process. The […]

Oil and Energy Companies Look to ISO 37001 for Effective ABMS

In December 2017, the world’s largest builder of offshore rigs agreed to pay $422 million in penalties after entering a guilty plea for bribery charges connected with the Petroleo Brasileiro (Petrobras) scandal. Keppel Offshore & Marine Ltd. made illicit payments to both Petrobras officials and government representatives for more than a decade, between 2001 and […]

Pharma and Healthcare/Life Sciences Companies Benefit from ISO 37001 ABMS

When global pharmaceutical giant GlaxoSmithKline found itself in the Chinese government’s crosshairs for an alleged large-scale bribery scandal, there was perhaps little doubt that the consequences would be large-scale, as well. GSK was accused of systematically paying bribes and “gratuities” to doctors and hospitals in return for favourable product use and promotion. China was in […]

Financial Services Firms Need ISO 37001 ABMS in Today’s Regulatory Climate

When Société Générale, a global financial services institution based in France, agreed to pay a combined total penalty of more than $860 million for an alleged bribery and corruption scheme, it served as a warning shot to financial firms worldwide that a culture of enforcement has arrived. Société Générale was accused of paying bribes to […]

CRI Group’s CEO Mr. Zafar Anjum: “We are proud to celebrate our 29th anniversary”

On the celebration of CRI Group’s 29th anniversary, Mr Zafar Anjum reviews the past year of success and thanks CRI Group’s team of professionals, partners, clients and other stakeholders on the fight against fraud and corruption.

CRI Group Celebrates 29 Years Moving Towards a Fraud-Free Future

CRI Group’s mission is to safeguard the corporate world by detecting and exposing bribery and corruption before it can cause irreparable harm to a business. As the global firm celebrates its 29th anniversary, the industry-leading services it provides are in high demand. The way companies conduct business has changed dramatically over the past three decades, […]

The Importance of Background Checks: Essential Processes

There are inherent risks in the hiring process, including deception by individuals seeking to gain an advantage over other candidates. Thorough pre- and post-employment background checks are critical in mitigating these risk factors, helping any organisation stay better protected from fraudulent candidates or unqualified employees. The advantages of using an expert third-party service to conduct […]

The Importance of Background Checks: Top Risks Faced in the Hiring Process

Hiring new employees is an essential part of operating, and growing, a successful business. It is also a process that presents an inherent risk to any organisation. Fraud and other criminal acts are often committed by company insiders, the very people that are trusted to work for the business’s best interests. While most employees might […]

The Importance of Background Checks: Solutions to Address Risk

There are inherent risks in the hiring process, including fraudulent claims by candidates. These include everything from relatively minor transgressions, like stretching employment dates, to serious and concerning deceptions, such as claiming unearned degrees or credentials, or hiding one’s criminal record. Being aware of these risks is only the first step, and companies that don’t […]

Procurement risks: Lack of due diligence can lead to financial and reputational harm

Procurement is one of the most critical areas of any organisation, large or small. Procurement officers secure the materials and goods that a business needs in order to be productive and successful, and they do so while trying to ensure the best possible price, quality, efficiency of delivery and other important considerations. Unfortunately, due to […]

The importance of reference checking during the hiring process

Hiring more people within a company no matter the size can be a lot of effort, waste a lot of time and cost a lot of money so it is important to do it right, which means reference checking. As a large company, it is often the case that there will be an in-house HR […]

Culture shift: On ethics and compliance, empower your organisation to mitigate risk

Companies confront ethics and compliance issues every day. Once upon a time, the idea of business ethics was more of an abstract or philosophical notion that seemed more suited for discussion in a university lecture or at a business conference. Today, however, organisations of all sizes and industries must have concrete ways of addressing ethics […]

Demonstrating Adequate Procedures with ISO 37001 ABMS Certification and Training

As the international outcry on bribery and corruption practices continues to tighten its grip around rogue players in the private and public business sectors, global organizations continue to ramp up their efforts to develop effective frameworks to prevent, detect and report bribery and corruption. And by fortifying their anti-bribery management systems, such organizations are further […]

Human Capital can make (or break) your business

Between February and March 2019, CRI Groups’ investigative analysis team found 3.6% of all requested degree checks to be fake. With degree fraud becoming more common and sophisticated in style globally, comes an increased necessity for pre-employment degree checks to deter potential candidates from fabricating their level of experience and qualification, and to prevent the […]

How to handle the “Human Factor”

Talent acquisition in the hiring process requires a great deal of investment in both time and effort for the hiring manager and would involve even greater repercussions if the chosen candidate turns out to be a bad hire. Due to the ever-growing competitive nature of job seeking, it is becoming increasingly likely that a prospective […]

CRI Group’s 3rd ABAC Summit 2019 Sets the Tone at the Top

CRI Group’s 3rd ABAC Summit 2019 Sets the Tone at the Top CRI Group, a global leader in risk and compliance hosted the “3rd Anti-Bribery Anti-Corruption Summit 2019” in association with ICCI, GPCCI, Bank Al Habib, Transparency International Pakistan, ACFE Corporate Alliance USA, ICA and Fraud Advisory Panel UK. The one-day event was held in […]

Breaking Down The ISO 37001:2016 Audit Process

By Zafar Anjum, MSc, MS, CFE, CII, MICA, Int. Dip. (Fin. Crime) at CRI Group Chief Executive Officer

CRI Group teams with Malaysian leaders for International Anti Corruption Day

Anti-bribery and anti-corruption efforts are a huge priority in the South Asia Region, with many governments trying to strengthen laws and enhance enforcement in both their private and public sectors. As recent high-profile corruption cases in the region have demonstrated, today’s regulators are seeing the issue as a societal problem as much as a legal […]

Lessons from the Ghosn affair

Credit: Kremlin Monday, 26th November 2018 It is difficult to overstate the sense of scandal that has accompanied the revelations that Carlos Ghosn, chairman of Nissan, has been accused of significant acts of misconduct. Mr Ghosn has virtual cult-hero status in Japan for reviving Nissan, and he is the lynch pin in the alliance Renault-Nissan-Mitsubishi Motors, […]

CRI Group – moving towards a fraud-free future

CRI Group proudly celebrates International Fraud awareness week and highlights that this occasion (called Fraud Week, for short) is an important effort to put a spotlight on fraud and help educate people about its perils. “Fraud Week reminds us that awareness is any organisation’s first line of defence against fraud and corruption, as properly trained […]

CRI Group proudly supports International Fraud Awareness Week

CRI Group is once again a proud supporter of International Fraud Awareness Week, Nov. 11-17, 2018. This global movement aims to minimise the impact of fraud by promoting anti-fraud awareness and education. Companies lose an estimated 5 percent of their revenue annually due to fraud (ACFE Report to the Nations, 2018) and additional training, prevention […]

How Can Life Sciences Companies Prevent Bribery and Corruption?

Thursday, 8th November 2018 Washington DC – CRI Group, a Global Leader in Risk, Compliance, Anti-Corruption Management Systems and human resource risk management, today launches a major report on bribery and corruption in the Life Sciences industry, and asks ‘is ISO 37001:2016 the answer?’ How to eradicate unethical practice in the life sciences industry has […]

ABAC Center of Excellence – two years of achievements

We are proud to be celebrating our two-year anniversary since the formation of the CRI Certification, now re-branded as the ABAC Center of Excellence, back in October 2016. For two years we have gone from strength to strength, having hosted two ABAC Summits in both Pakistan and Malaysia, with plans for more to come. 2018 […]

To check or not to check?

Background checks don’t tend make international news. They are the low-key diligent step in most well-managed recruitment processes, to provide employers comfort that the person they are hiring is everything they seem – and nothing more. That’s why the background checking of Brett Kavanaugh, a nominee to the US Supreme Court, should be about the […]

How to Protect Your Business From Money Laundering Activities

Money laundering should be near the top of the list of any business owner’s concerns. Anti-money laundering legislation and regulations are strict and increasingly enforced, and remaining in compliance through implementing proper prevention controls is a must. Countless businesses large and small – from corporations to third-party contractors – have learned this lesson the hard […]

Thank you for attending the ABAC Summit Malaysia, 2018

Thank you for attending the Anti-Bribery Anti-Corruption Summit last Tuesday! We are proud to have brought such an amazing group of distinguished speakers and respected delegates together to address the bribery and corruption issues worldwide. We are extremely thankful to all our speakers for making this #ABACSummit2018 a successful one! Dr KM Loi, Cristian Nicoara, […]

After the great success of last year’s Anti-Bribery Summit, the 2nd ABAC Summit Announced in KL

The Second ABAC Summit  CRI Group is pleased to announce the upcoming Anti-Bribery Anti-Corruption (ABAC) Summit 2018 in Kuala Lumpur, Malaysia, 25 September 2018. This is the second year for the ABAC Summit, providing invaluable expertise in due diligence, internal controls and compliance issues, along with showcasing the latest resources and solutions to detect and […]

CRI Group wishes to congratulate Fraud Advisory Panel on the 20th anniversary.

CRI Group wishes to congratulate Fraud Advisory Panel on the 20th anniversary. It was a pleasure to attend the event and celebrate this great occasion of FAP fighting fraud for 20 years. It has been a great honor to be the member of the panel. Looking forward to continuing working together in the future! Connect […]

Are you ready to EmploySmart? Meet us at SHRM’18

Meet us at the 2018 SHRM Annual Conference & Exhibition in Chicago, to demonstrate a commitment to your professional development and learning about tools and resources you need to best serve your organisation’s HR needs. One of those critical needs is helping your organisation prevent fraud. Human resources managers and specialists are at the front […]

CRI Group Celebrates 28 Years of Success with Trip to Thailand

2018 has been a big year for CRI Group, a global leader in Risk, Compliance and Anti-Corruption Management Systems. First, the firm was granted accreditation by the Emirates International Accreditation Centre (EIAC) as an ISO 37001:2016 Anti-Bribery Management System Certification and Conformity Assessment Body (the first accreditation of its kind awarded to a certification body […]

The Unseen Enemy: Insurance Fraud Costs Billions Every Year: Part III

Part Three: Anatomy of an Insurance Fraud Investigation The insurance fraud epidemic is of serious concern to businesses, insurance providers and consumers worldwide. In Part One of this three-part series, we examined the scope of the problem, and discussed a few cases that illustrate the magnitude of insurance fraud. In Part Two, we looked at […]

The importance of background checks: the case study

The world is changing. Borders are opening up. Workforces are crossing international boundaries. Barriers to global competition are lifting and technology is simplifying communication and allowing virtually anyone to enter the global job market. The only constant that remains in today’s hiring equation is people. Résumé fraud is a widespread problem for employers in every […]

The Unseen Enemy: Insurance Fraud Costs Billions Every Year: Part II

Part Two: How Do Companies Detect Insurance Fraud? The insurance fraud epidemic is of serious concern to businesses, insurance providers and consumers worldwide. In Part One of this three-part series, we examined the scope of the problem, and discussed a few cases that illustrate the magnitude of insurance fraud. The question is: How can companies […]

Indian banks reported at least one fraud every hour in 2017

“Between April 2016 and March 2017, Indian lenders reported 12,533 cases of fraud, totalling Rs18,170 crore ($2.79 billion), according to a report by Institutional Investor Advisory Services, a proxy advisory firm. “Such high quantum of frauds can be attributed to weak internal controls, which are capable of leaving an indelible dent on the balance sheet […]

The Unseen Enemy: Insurance Fraud Costs Billions Every Year: Part I

Part One: What is Insurance Fraud? Insurance fraud costs an estimated $40 to $80 billion per year in the U.S. alone. It’s been called an epidemic, and is a scourge of insurance providers, private companies and consumers alike. But what is it, how do companies detect it, and how does an insurance fraud investigator unravel it? […]

CRI Group organised a networking session on Compliance and Anti-Bribery Management System

The past decade has seen a dramatic rise in the prosecution of organisations accused in bribery schemes. FCPA, UK -Bribery Act, French Sapin II Act, German anti-corruption and other local anti-corruption law demonstrate that governments, trade organisations, banks and non-government organisations alike are confronting such corporate corruption through laws and regulations that make various forms […]

Why should you require your partners to be ISO 37001 certified?

We at the ABAC Center of Excellence believe that businesses that are being run free of corruption accomplish their vision and mission sooner and easier. They bring good to the world more effectively than others. When a business has a clearly set vision and a detailed plan on how to reach it, all it takes […]

ABAC Certification Granted First Ever BS ISO 37001:2016 ABMS Accreditation by EIAC

ABAC Certification (Corporate Research and Investigations Limited) Granted First Ever BS ISO 37001:2016 Anti-Bribery Management Accreditation by EIAC Emirates International Accreditation Centre (previously known as Dubai Accreditation Centre (DAC)) officially recognises global firm’s ability to help ensure that organisations bring management systems into compliance and prevent bribery Corporate Research and Investigations Limited, herein referred to as […]

Zuma scandal in South Africa is latest example of high-level corruption

Recently, South African President Jacob Zuma resigned in a late-night address to the country. This week, politicians and pundits continue to reflect on what led to his downfall – which, even in the midst of scandal, never seemed certain. Fraud accusations finally proved to be more than Zuma’s presidency could bear. Two years ago, South […]

Experts: New UAE rule on ‘Good Conduct and Behaviour’ Certificate means employers must be diligent

CRI Group urges all UAE organisations to implement thorough background screening The new rule is requiring those applying for UAE employment visas to obtain the “Good Conduct Certificate” aiming to create a more secure and peaceful community. The rule took effect by order of the UAE government on February 4. In the short term, business leaders […]

Resources to manage business intelligence and identify new opportunities

Gathering intelligence isn’t just the stuff of spy movies. It’s also an important part of the business world – and when conducted legally, ethically and effectively, it is a critical tool for any organisation seeking to be successful in their industry or field. Business investigations are about more than just identifying risk factors or weaknesses. […]

Apex Shipping Begins Process for CRI Group’s Anti-Bribery Management Certification

Founded on ethical values, Dubai-based logistics firm enrolls in ISO 37001:2016 ABMS standard Corporate Research and Investigations Pvt. Ltd. (CRI Group) announced today that Apex Shipping Services LLC, based in Dubai, UAE, has engaged its CRI Certification services to achieve the ISO 37001 Anti-Bribery Management System Standard certification. In a message to its stakeholders, Apex […]

Advantages: ISO Anti-Bribery Management System Certification

Bribery is a key issue in both local markets and global business activities. The desire to expand business operations and maximise commercial profits not only requires identification and management of operational risks but also identification and mitigation of bribery risks. It is important to note that expansion of business tends to involve bureaucratic processes thus […]

Pakistan Oil and Gas concern KPOGCL engages CRI Group’s Anti-Bribery Certification

Emerging provincial exploration and production company signs on for ISO 37001:2016 ABMS standard Corporate Research and Investigations Private Ltd. (CRI Group) announced that KPOGCL, a nascent oil and gas exploration and production corporation in Pakistan, has engaged its CRI Certification services to achieve the ISO 37001 Anti-Bribery Management System Standard certification. London-based CRI Group is […]

Finding opportunities of potential weaknesses with investigative research

In business, having the critical information you need can mean the difference between success and failure. When it comes to investigative research, trained experts can uncover facts that help you make the right decisions; and, conversely, save your organisation from making costly mistakes. CRI Group has trained investigators positioned around the world who can help […]

Former auditor blows the whistle on Ernst & Young over gold company

Another egregious case of alleged corruption has rocked the fraud world. A whistleblower accuses Ernst & Young, one of the venerated “Big Four” accounting firms, of “unlawful, unprofessional, and unethical” behaviour for its audit of a Dubai gold company. The gold company, Kiloti, is in turn accused of money laundering and buying gold from conflict […]

Watch out: Background screening red flags during a merger or acquisition

The business world is often transitional, and the landscape changes as entities grow or industries change – and the players involved have to change with it. Mergers and acquisitions are examples of these “transitional times,” and they are also among the most critical times to conduct proper and thorough due diligence. There are inherent risks […]

A few ways forensic accounting combats financial threats

Forensic accountants are experts with a unique set of training and skills. “Forensic” means suitable for use in court, and forensic accounting is a speciality practice area of accounting that deals with engagements and investigations where disputes or litigation are anticipated. For those reasons, the training and expertise demonstrated by these professionals make them very […]

Largest oil rig builder to pay $422 million for Petrobras corruption

The world’s largest builder of offshore oil rigs will pay $422 million in penalties after entering a guilty plea for bribery charges connected with the Petroleo Brasileiro (Petrobras) scandal. The company made illicit payments to both Petrobras officials and government representatives for years. According to an article in Bloomberg, titled “Keppel Offshore to Pay $422 […]

Appointment of Data Protection Officer under General Data Protection Regulation (GDPR)

There is the growing misconception surrounding the need for appointing a Data Protection Officer (DPO) under GDPR which is effective on 25th May 2018. The role of DPO is critical for correct implementation of the newly drafted regulation. Relating to this, the organisation needs to ask itself four main questions before appointing a DPO which […]

Protect Your Business from Money Laundering Activities

How to Protect Your Business from Money Laundering Activities?  Today, having anti-money laundering processes in place is more than a matter of smart business. In most jurisdictions, it is also a legal necessity. Organisations large and small are at risk of falling prey to unscrupulous business dealings and other threats posed by seemingly legitimate business […]

Importance of leadership and culture for ABMS – how does ISO 37001:2016 help?

By Aneta Nastaj, Training Manager at ABAC® CoE

Case study: Bogus degrees

In today’s business environment, fraudulent practices and manipulating the trust of others is so commonplace that people do it very often and with confidence. Unfortunately, this is also true when it comes to employment, as some potential candidates will present fake and bogus background certificates to try to gain an edge in the hiring process. […]

3PRM – the Third-Party Risk Management Strategy

It’s highly probable that, at some point, organisations that affiliate with outside providers will eventually have to deal with an operational interruption resulting from a third-party related issue.  The risks involved in partnering with outsiders hasn’t changed over the centuries.  It’s the potential liability that’s been ratcheted up several notches.  International borders have been ripped […]

ISO 37001:2016: a foolproof blueprint to prevent bribery?

Since its launch in 2016, ISO 37001 Anti-Bribery Management Systems standard has had its supporters and critics. Some regulatory bodies and compliance communities initially expressed concern regarding the lack of a body of evidence supporting the effectiveness of ISO 37001:2016 from certain standpoints. Critics asserted that the new standard failed to address broad compliance concerns, […]

Fighting corruption in Mexico: Government is part of the problem

While many countries and their leaders are making strides against fraud and corruption, some national governments can’t seem to get out of their own way. Such appears to be the case right now in Mexico, where the Mexican government is accused of blocking its own anti-corruption initiatives that were launched earlier this year. According to […]

Reasons To Run Employee Background Screening

By Ayesha Sikander, Group HR Manager at CRI Group

Rio de Janeiro law demonstrates compliance is a cutting-edge issue

The time is quickly coming to an end when companies could expect to be successful in business without having a strong emphasis on compliance and ethics. The latest evidence of that is the fact that in Brazil, which has been stricken with high-profile fraud scandals in recent years, a new rule requires any companies doing […]

GDPR: A 21st Century approach to Compliance

Ever since its conception, GDPR has caused a strong stir in the legal and compliance world. The new law builds on the previous data protection legislation but at the same time provides more resilient protections for consumers, and more privacy considerations for organisations involved in the processing of personal data. The new EU General Data […]

New FCPA Corporate Enforcement Policy May Be Repositioning the Trigger in Voluntary Disclosure Analysis

On November 29, 2017, Deputy Attorney General Rod Rosenstein revealed the implementation of the FCPA Corporate Enforcement Policy (“Enforcement Policy”), which endeavours to supplemental reassure voluntary disclosure of FCPA violations by companies. The Enforcement Policy attempts to elucidate certain viewpoints of the FCPA Pilot Program launched by the Fraud Section in April 2016 and removes […]

CRI Group: Impact of Corruption is Seen Worldwide

Organisations are urged to unite on December 9th for International Anti-Corruption Day Corruption is the single greatest obstacle to economic and social development around the world. According to the World Bank, every year $1 trillion is paid in bribes, while an estimated $2.6 trillion are stolen annually through corruption – a sum equivalent to more […]

CRI Group: United against corruption

By Aneta Nastaj, Training Manager at ABAC® CoE

Is your third-party risk management strategy efficient enough?

A business owner knows that one cannot produce a complete set of products and services to offer to their customers. Still, the need exists for having as many complementary products, or services, besides the main thing your company offers, in order to keep a client satisfied. Today, people will look for that particular company that […]

3PRM: When is it time to conduct third-party screening?

The nature of business today is largely shaped by our connected world. Many organisations conduct business across international borders and/or overseas, and as part of various strategic and beneficial partnerships. In fact, the technology revolution and other factors that have removed barriers from business make it more essential than ever to have suppliers, vendors and […]

Fraud Week 2017: Awareness is the first step in the fight against fraud

International Fraud Awareness Week (also called “Fraud Week”) kicked off on Sunday and is in full swing. CRI Group is a proud supporter of this important initiative every year, and we encourage business leaders to take this time to consider all of their fraud prevention measures, including anti-fraud training for employees. Does your organisation have a training program […]

Prevention is key as organisations worldwide observe Fraud Week

Every year, for one week in November, organisations around the world embrace a movement aimed to minimise and prevent fraud and corruption. International Fraud Awareness Week (“Fraud Week,” for short) is November 12-18, 2017, and CRI Group has been an enthusiastic Official Supporter since the very beginning of this important campaign. According to the ACFE, the world’s largest anti-fraud […]

Saudi Arabia corruption sweep signals a major shift in the battle against fraud

The news broke across Saudi Arabia and the world like a bombshell: A wide-ranging corruption sweep across the country had netted 11 princes, four sitting cabinet members and a dozen former government ministers. Among those detained included billionaire Saudi Prince Alwaleed Bin Talal. Within days, the surprise action was being hailed as a possible “sea […]

Meet us at HR Summit and Expo 2017

Thank you for visiting us at booth number #C10 at HR summit and expo, held in Dubai, UAE. It was indeed a pleasure meeting so many experts. We enjoyed many inspiring conversations and overwhelmed with the number of visitors. We were happy to present our robust pre-employment background screening services – EmploySmart. We are looking […]

Pakistan’s first ever Anti-Bribery Summit is a resounding success

Last Thursday, 26 October, the region’s leading anti-fraud professionals gathered in Karachi, Pakistan, for CRI Group’s Anti-Bribery Summit 2017. CRI Group took the initiative to organise the first Anti-Bribery Summit in Pakistan with the goal to redefine the anti-bribery culture within organisations in the country. The Anti-Bribery Summit couldn’t have come at a more critical […]

This job candidate had top-notch education credentials. Too bad they were fake.

The hiring process can be an exciting time for both the candidate and the employer, especially if is due to a growing business. However, it presents a degree of risk, as well. Organisations that bring new employees into their fold and entrust them with their business, processes and assets are playing with fire if they […]

Former Portugal prime minister charged with corruption, bribery

Another big corruption case is rocking Europe. In Portugal, former prime minister Jose Sócrates has been charged in a wide-ranging scandal that involves alleged bribes, money laundering, falsifying documents and tax frauds. As reported in the Financial Times, Sócrates faces 31 criminal counts and is just one among a group of 19 individuals suspected of corruption […]

ABAC Center of Excellence: What are the guidelines and qualifications for ISO 37001:2016?

Another bribery case in the headlines provides lessons for business leaders around the world. As reported in the Industry resource, Alere Inc., a global manufacturer of rapid point-of-care diagnostic tests, will pay more than $13 million to settle charges that it bribed foreign officials and committed accounting fraud to meet revenue targets. The U.S. Securities & Exchange Commission imposed the […]

Anti-Bribery Summit 2017

Anti-Bribery Summit 2017 – redefining anti-bribery culture within organisations to promote compliance Corporate Research and Investigations Private Limited (CRI Group), has taken the initiative to organise the first Anti-Bribery Summit in Pakistan with the goal to redefine the anti-bribery culture within organisations in the country. October 26th 2017 at Mövenpick Hotel, Karachi, Pakistan. Register today: http://cricertification.com/anti_bribery_summit_2017/

Societe Generale embroiled in Olympics money laundering allegations

The latest chapter in corruption allegations surrounding the Olympics involves one of France’s largest banks, Société Générale. Investigators are probing what role the bank might have played in a suspect bribe to lock up the 2016 Olympics for Rio de Janeiro. According to an article in the New York Times, a French investigator sent documents to Brazil prosecutors that suggest Société […]

CRI Group’s ISO 37001:2016 certification process, part 2

ISO 37001:2016 Anti-Bribery Management System Certification is critical for organisations in the public, private and non-profit sectors. It provides an important layer against threats of bribery, corruption, fraud and other security concerns. It also sets an organisation apart from its peers, as models for ethical behaviour and compliance. In a recent blog, we discussed the first […]

Equifax data breach is a security disaster

The latest massive data breach might be the most serious yet. Equifax Inc, a U.S.-based consumer credit reporting agency, announced this month that it had fallen victim to a cyber security breach that exposed the personal data of more than $143 million consumers. The stunning revelation has caused enormous concern across the U.S. and the world. Equifax […]

Time to get ISO 37001:2016 certified… What is the process?

ISO 37001:2016 Anti-Bribery Management System Certification is critical for organisations in the public, private and non-profit sectors. After all, consider the benefits: Certification adds a distinct level of credibility to the organisation’s management systems, and ensures that the organisation is implementing a viable anti-bribery management program utilising widely accepted controls and systems. It provides assurance […]

ISO 37001:2016 Certification: Building trust in the workplace

One of the most important aspects of any organisation is its culture. How do employees relate to one another? Is it a positive and enriching place to work? Do employees trust their colleagues, and look forward to working with them? Unfortunately, an organisation that lacks proper controls against fraud, bribery and corruption and falls short […]

Pakistan’s Habib Bank faces possible fine over anti-money laundering compliance failures

Pakistan’s biggest lender, Habib Bank Ltd, is in trouble with the New York State Department of Financial Services (DFS). The DFS is the governing body that regulates financial services and products (including those subject to the New York insurance, banking and financial services laws). According to media reports, the DFS is seeking to impose a fine of up to […]

ISO 37001:2016 Standard: Who should get certified?

There is a new standard for preventing bribery in business: ISO 37001:2016 Anti-Bribery Management System standard was created by the International Organization for Standardization (ISO) to help companies worldwide increase and measure their efforts against bribery and corruption. This important new standard mirrors numerous steps contained in: The U.S. Foreign Corrupt Practices Act (FCPA) Good Practice Guidance […]

ABAC Center of Excellence helps create a zero-tolerance approach to fraud

Smart business leaders know that “Tone at the Top” is a critical factor in the culture of an organisation. The behaviour and attitudes exhibited by those at the top of the chain set an example for the rest of the staff to follow. This couldn’t be more true when it comes to ethical standards. If a company […]

When disaster strikes, so do the fraudsters

As Hurricane Harvey devastates the Texas coast and the U.S. megacity of Houston, investigators will be on high alert for another type of threat: fraud. Disaster fraud is nothing new. Law enforcement, prosecutors and other legal authorities in eight different countries are still dealing with cases from 2012’s Hurricane Sandy, which devastated the Caribbean and eventually wreaked havoc upon […]

Former compliance officer committed $400,000 fraud

Another fraud story serves as a cautionary tale for business and government leaders. In this case, it was a compliance officer at a government agency who pleaded guilty to stealing more than $400,000 while on the job. According to an article on the FCPA Blog, Hector Martinez of California is accused of committing wire fraud and aggravated identity theft, […]

ABAC Center of Excellence: Enhance your organisation’s reputation and credibility

Bribery and corruption are serious concerns to businesses, government agencies and non-profit organisations. In fact, the risk of being associated with the negative impacts of this type of fraud extends to third party partners and influences present and future businesses relationships. In this business climate, consider the tremendous advantage your organisation will enjoy if it […]

Don’t have an ethical code of conduct? Your organisation needs one

Business leaders are usually quick to communicate their expectations to employees, especially when it comes to financial goals or tasks that they want accomplished. However, what is often lacking is a clear, concise explanation of what the organisation expects in terms of ethical behaviour. Does your organisation have an ethical code of conduct? If not, you might […]

ABAC Center of Excellence: Uniting your company for a common goal

Fraud, bribery and corruption cause serious harm to business. They can have a major financial impact, damage an organisation’s hard-earned reputation and destroy company culture. That’s why ABAC Center of Excellence focuses on helping organisations address these risks – as a team effort. According to the Association of Certified Fraud Examiners (ACFE), “Tone at the Top” – the […]

British American Tobacco faces bribery investigation by SFO

Another company is in the crosshairs of the UK’s Serious Fraud Office (SFO) – British American Tobacco, also known as BAT, is under formal investigation due to suspicions that it bribed officials in east Africa. According to an article in the Financial Times, the bribes were meant to help the company circumvent anti-smoking laws. Bribery is a worldwide problem that has come into greater […]

Background screening – the first line of protection

An extra layer of security As a global investigative firm with a network of 76 agents worldwide, CRI Group has the resources and expertise needed to implement thorough and comprehensive pre- and post-employment screening. As part of our EmploySmart program, we have conducted more than 187,000 individual background checks, serving top companies of many industry [...]

Case study: CRI Group’s due diligence reveals fraudulent company

Recently, a multinational medical supply company sought to contract with a potential partner in Egypt. The company engaged CRI Group’s due diligence services to ensure that there were no regulatory or reputational problems associated with the outside group, and sought information regarding their track record, integrity and reputation. While researching the potential partner, investigators found a lack […]

Bribery and corruption won’t wait: is your organisation protected?

In one case, an enforcement agent for a Malaysian government department pleaded guilty for receiving a bribe from a business owner. In another, a U.S. district attorney from Philadelphia was accused of taking cash in return for helping people with their legal cases. He was accused of 28 counts of bribery, and in the end […]

Apps can kick the door open to your personal information

When you download an app and it asks to access your contacts, location, and other information, it seems harmless enough, right? Surely the app will only use your data for its stated purpose, and only when needed? Not necessarily, according to a recent ScienceDaily article, “7 in 10 smartphone apps share your data with third-party services.” As the article […]

SFO investigating another firm for bribery in Unaoil case

Another organization has been snared in the Unaoil scandal. This time it’s Amec Foster Wheeler, an energy support services group that is being investigated by the UK’s Serious Fraud Office (SFO) for possible bribery and corruption. The company had indicated in May that it might be facing a probe by the SFO, but last week it confirmed […]

Bribery and corruption: Your organisation cannot afford it

Bribery, corruption and related fraud schemes can cause immediate and lasting harm to an organisation, and they can strike anywhere. A case in Oregon is a prototypical example of how an organisation can be victimised if it doesn’t have proper controls in place. A state energy department manager and a private consultant are among the […]

Identity theft: Our advice to help lesson your risk

What does an embezzler spend their money on? In the case of a New York man’s alleged fraud, just about everything, apparently. When fraud investigators are asked what is the biggest fraud risk to the public at large, identity theft is usually at or near the top of the list. In today’s technologically connected world, […]

Investigation reveals comptroller’s spending spree

What does an embezzler spend their money on? In the case of a New York man’s alleged fraud, just about everything, apparently. Recent news articles report that Mark Cina, a comptroller at two companies in Poughkeepsie, New York, is accused of embezzling $2.5 million over six years (2009-2015). In case you are wondering if he […]

EmploySmart: Your company’s security begins at the hiring process

It’s an exciting time for a company when business is growing and there is a need add more employees. One organisation that was in such a position sought to make sure they were being diligent while hiring new staff. To that end, they engaged CRI Group’s EmploySmart services, providing thorough and extensive pre-employment screening in verifying prospective candidates’ […]

Fugitive lawyer behind $550 million social security fraud fled America

From NBC News A fugitive Kentucky lawyer at the center of a nearly $600 million Social Security fraud case has fled the country using a fake passport and has gotten help from someone overseas with a job to help support himself. The flamboyant disability lawyer Eric Conn, in an email exchange with The Lexington Herald-Leader […]

The SFO is investigating a firm with links to former Chancellor Lord Lamont

From Business Insider The Serious Fraud Office (SFO) is investigating a company with links to the former Chancellor, Lord Lamont of Lerwick. Arrests have been made as part of the inquiry into Balli Group, which was announced in May this year. It is not believed that anyone has yet been officially charged, and no names […]

CRI Group meets with HR managers, specialists at SHRM17

The SHRM17 Annual Conference & Exposition was a huge success, and CRI Group was proud to be on hand at the event in New Orleans to meet with human resources managers and specialists to talk about their challenges, best practices and how EmploySmart can help make their jobs easier and more effective. The Society for Human Resource Management (SHRM) holds the annual […]

Bernie Madoff of Landlords Pleads Guilty to Fraud

From the New York Times Steven Croman has been so loathed as a landlord that his tenants started a website against him. When he was charged in May 2016 with 20 felonies punishable by up to 25 years in prison, the attorney general described him as the “Bernie Madoff of landlords.” The night of his […]

Senior Barclays bankers charged with fraud over credit crunch fundraising

From the Guardian Four former Barclays executives could face lengthy jail sentences after the Serious Fraud Office charged them and the bank with fraud over the way Barclays raised billions of pounds from Qatar at the height of the financial crisis. The SFO charged former Barclays chief executive John Varley and three former colleagues – […]

Happening now: CRI Group at SHRM17 in New Orleans

The SHRM17 Annual Conference & Exposition kicked off yesterday in New Orleans, and CRI Group is proud to be participating as an exhibitor and telling top human resource managers about EmploySmart. SHRM is the Society for Human Resource Management, and their world-renowned annual conference is a must-attend event for HR managers and specialists. Those professionals, by the way, are in a […]

Get the e-book: Are You Ready For ISO 37001?

This e-book explores some critical questions being posed to business leaders today: Has your organization implemented reasonable and proportionate measures to prevent bribery? How will you know if your anti-bribery and anti-corruption controls are effective? Are you aware of the latest best practices in preventing bribery? The International Organization for Standardization (ISO) issued the ISO […]

Learn about EmploySmart at SHRM17, June 18-21 in New Orleans

CRI Group is excited to be participating in the SHRM17 Annual Conference & Exposition in New Orleans next week, June 18-21, 2017. SHRM is the Society for Human Resource Management, and their world-renowned annual conference is a must-attend event for HR pros. Human resources managers and specialists are in a unique position when it comes […]

Barclays braced for outcome of five-year SFO fundraising probe

From Sky News Barclays will learn within days the outcome of a five-year Serious Fraud Office (SFO) probe into aspects of the £11bn share sales during the financial crisis which enabled it to remain free from Government ownership. Sky News has learnt that expectations have grown among a number of current and former Barclays executives […]

BT appoints KPMG as auditor as PwC is ousted after 33 years in wake of Italian scandal

From the Telegraph BT has appointed KPMG as its new auditor to replace PwC in the wake of the fraud scandal in Italy that triggered a major profit warning earlier this year. PwC has held the blue-chip account ever since BT was privatised 33 years ago. KPMG was awarded the work yesterday, after coming out […]

Tips for Preventing and Detecting Expense Account Fraud

It’s one of the most common forms of occupational fraud: Employees fudging on their expense accounts. Whether through fictitious charges, fake receipts or invoices, or other improper use of expense funds, an expense account is sometimes seen as a low-risk, high-reward area for committing fraud. It shouldn’t be. If your company takes the proper steps […]

Supreme Court rules to limit SEC power to recover profit from fraud

From the Washington Post The Supreme Court on Monday unanimously limited the federal government’s power to recover the profits made from illegal behaviour. Justice Sonia Sotomayor wrote that the Securities and Exchange Commission must abide by a five-year statute of limitations in seeking “disgorgement” from those whose fraudulent actions resulted in illegal profits. It is […]

Spain’s top anti-corruption prosecutor quits over Panama link

From the Guardian Spain’s top anti-corruption prosecutor has resigned following weeks of pressure that culminated in an admission that he holds a stake in an offshore company in Panama. Manuel Moix stepped down “for personal reasons” on Thursday, shortly after it emerged that he has a quarter-share in a company in the Central American tax […]

Another UK firm discloses Unaoil probe

From FCPA Blog British oilfield services company John Wood Group plc launched an internal investigation into its dealings with Unaoil, the company said in a prospectus. The SFO opened a criminal investigation of Monaco-based Unaoil last year for suspected bribery. Scotland-based John Wood Group or JWG disclosed the internal investigation in a prospectus last week […]

Two Years on, FIFA Hands Corruption Probe to Authorities

From the Independent Soccer’s governing body handed the facts collected in its multi-million dollar investigation into its former leadership to Switzerland’s attorney general to pursue the case further. The 22-month investigation was sparked by the unprecedented indictment unsealed by the U.S. Department of Justice that alleged senior soccer officials had engaged in corrupt practices for […]

CRI Group celebrates its 27th anniversary!

Corporate Research and Investigations Group celebrated its 27th Anniversary in all the offices across the globe. We all know that Company’s Anniversary is a special occasion for all its’ stakeholders because it marks the success of the company. The success of every company is not only linked with the strategies, mission statements and vision but […]

SFO investigates £120m alleged pension fraud

From FT Adviser The Serious Fraud Office has opened an investigation into the Capita Oak Pension and Henley Retirement Benefit self-invested personal pensions (Sipps), as well as other storage pod investment schemes. The investigation includes the Westminster Pension Scheme and Trafalgar Multi Asset Fund which invested in other products. Over a thousand individual investors are […]

Petrofac suspends executive amid fraud office investigation

From Reuters Oilfield services provider Petrofac has suspended its chief operating officer in response to the UK Serious Fraud Office’s investigation into Monaco-based Unaoil, another setback for the company that has been hit by the oil market downturn. Petrofac’s shares slumped as much as 29 percent, wiping more than half a billion pounds off its […]

Former South Korean president Park Geun-hye on trial for corruption

From the Guardian South Korea’s former president, Park Geun-hye, has denied corruption charges at the start of a criminal trial that could send the country’s first female leader to prison for life. Prosecutors accuse Park of abusing her power and colluding with her longtime friend, Choi Soon-sil, to pressure major South Korean companies such as […]

European regulators face-off with Facebook over privacy and data protection

Facebook is discovering, along with other companies, that Europe is serious about data protection and privacy rules. The massive social media corporation is being fined by France, and is under investigation in several other European countries, for how it handles individuals’ information. At the heart of the issue is how it tracks both users and […]

Australian tax official charged in $123 million fraud probe

From ABC News A senior Australian tax bureaucrat and two of his children are among 10 people charged in connection with a sophisticated tax fraud that police say netted 165 million Australian dollars ($123 million) in less than a year. Australian Taxation Office Deputy Commissioner Michael Cranston faces up to five years in prison if […]

CRI Group at Annual review: Corporate Fraud & Corruption, UAE, UK and Pakistan

Download 2018 annual reviews by Mr. Zafar Anjum, CEO, and Ms. Fatima Farrukh, Compliance professional at CRI Group. Click here to download the review of UAE (Mr. Zafar Anjum, CEO at CRI Group) Click here to download the review of UK (Mr. Zafar Anjum, CEO at CRI Group) Click here to download the review of Pakistan (Ms. [...]


This week Muslim colleagues of CRI Group were having the lottery for the Umrah. We are pleased to announce MR MUHAMMAD NAVEED – the winner of UMRAH RAFFLE 2017 (Month of Sha’ban)! The luckiest employee won the Umrah Trip to Mecca with one family member on our company’s cover. We are always happy to thank […]

Wal-Mart Close to Resolving Bribery Probe for $300 Million

From Bloomberg Wal-Mart Stores Inc. is preparing to pay roughly $300 million to resolve a long-running U.S. investigation into allegations of bribery by its employees, according to people familiar with the matter. The deal, which the people said was being finalised and still could change, would amount to a significant concession by the U.S. government. […]

Annual Review: Corporate Fraud & Corruption 2017

We are delighted to be included in the Annual Review: Corporate Fraud & Corruption 2017, published by Financier Worldwide Magazine. Interview with Mr Zafar Anjum, CEO, about the situation in UAE: http://fraudinsider.com/blog/2017/5/15/annual-review-corporate-fraud-corruption-2017

FIFA Congress: Bribery Cases Cast Shadow Over Elections in Bahrain

From Deutsche Welle Fresh corruption scandals overshadow the annual gathering of world soccer leaders as they prepare to meet at the FIFA Congress in Manama, Bahrain. Two years on from the corruption crisis that engulfed FIFA, the aftershocks are still being felt with ongoing investigations in Switzerland and the US and fresh problems emerging under […]

Romania Withdraws Amendment Pardoning Corrupt Officials

From Aljazeera A Romanian Senate committee has caved under public pressure and cancelled proposed legislation aimed at pardoning officials convicted of corruption. The amendment was designed to allow convicted government officials to walk free or have their jail sentences significantly reduced. About 2,000 people demonstrated in Bucharest, the capital, and other cities on Wednesday after […]

We’ve Exposed Fraud And Corruption Worth R10bn, Says Johannesburg Mayor

From Huffpost In the nine months that he has been mayor of the City of Johannesburg, Herman Mashaba says his zero tolerance approach to fraud and corruption has led to the city uncovering R10bn in lost or misused funding. Speaking at his first State of the City address as mayor, since his inauguration in August […]

Your Company’s Reputation is Critical: How to Keep it Positive

today’s connected business world, there are very few secrets. United Airlines, for example, recently learned the hard way that one ugly incident can go viral and spread around the world in a matter of minutes – not hours, days or weeks. United initially faced criticism over the rough treatment of a passenger being removed from one […]

UK Serious Fraud Office Confirms Investigation of KBR

From The FCPA Blog The UK Serious Fraud Office confirmed that it has opened a new investigation into KBR, Inc.’s United Kingdom subsidiaries for suspected bribery and corruption. The investigation “is related to the SFO’s ongoing investigation into the activities of Unaoil,” the agency said in a statement Friday. The probe covers KBR’s local subsidiaries […]

Corporate Advisor Handbook: Risk and Regulatory Compliance 2017

Financier Worldwide presents its Financial Institutions: Risk and Regulatory Compliance: Corporate Advisor Handbook 2017. This comprehensive publication contains detailed profiles of leading experts around the world who advise financial institutions on risk and regulatory compliance. The Magazine includes CRI Group as the part of the Corporate Advisor Handbook – we are happy to be named […]

Stadium Deals, Corruption and Bribery: The Questions at the Heart of Brazil’s Olympic and World Cup ‘Miracle’

From the Guardian With their hands up in the air, ministers, four-star generals and International Olympic Committee officials danced to famous samba tunes at the closing ceremony of the Rio Games last August. While carnival was taking over the Maracanã Stadium, politicians hugged each other in the VIP area. It was a moment of relief, […]

Certifications: Key Reasons CRI Group Stands Above the Crowd

CRI Group has always placed the highest priority on expert training and certification, ensuring that its team members provide the highest level of knowledge and service to clients who can rest easy knowing all of their security needs are covered. That’s why CRI Group achieves critical certifications from the British Standards Institute (BSI), the Association of Certified Fraud […]

Get Your Facts Straight: The Truth About Background Checks

From Business News Daily For job seekers and employers alike, one of the most confusing (and tricky) areas of the hiring process is pre-employment screening. From not knowing if background checks are really necessary to being unclear what employers actually look for during pre-employment screenings, Ben Goldberg, CEO of Aurico, a CareerBuilder company, said there […]

Protecting Data: What Businesses Need to Know About the GDPR

In just over a year, the General Data Protection Regulation (GDPR) will come into force in Europe. This sea change in data privacy is aimed at improving protections for individuals within the European Union, providing them with more control over how their personal data is used. It will also clarify and standardise from a legal […]

Better safe than sorry

We all know the phrase “if you want to change something, change yourself”. We strongly believe in it. As our mission is to safeguard the corporate world by detecting and exposing those elements that can cause irreparable harm to a business, we start with safeguarding ourselves. Inside and outside our organisation, we think that on […]

For CRI Group, Expert Training and Certification are Part of the Business

When it comes to providing information security, financial audits, risk assessments, background checks, due diligence and a wide range of anti-fraud related services, maintaining the highest levels of training and expertise is an absolute must. That’s why CRI Group achieves critical certifications from the British Standards Institute (BSI), the National Association of Background Screeners (NAPBS) and other preeminent groups […]

Brazil Judge Targets Dozens of Politicians for ‘Corruption’

From BBC News A Brazilian judge has revealed the names of dozens of politicians to be investigated over alleged involvement in a huge bribery scandal. Judge Edson Fachin unveiled his extensive list on Tuesday, after much speculation in the country’s media. It includes almost a third of President Michel Temer’s cabinet and Rio de Janeiro’s […]

Smarter background checks today, for running a better workforce tomorrow

How widespread is degree fraud? One of the biggest formerly occurred but the high-profile case should serve as a warning to employers worldwide. Axact, a software company, was exposed for selling fake academic degrees through more than 370 diploma mill websites. According to The New York Times, Axact had more than 2,000 employees, some of […]

Corporate Payments Fraud Hits Record Levels

From PYMNTS.com More companies than ever before fell victim to payments fraud last year, according to new data. Research from the Association for Financial Professionals (AFP), outlined in its 2017 AFP Payments Fraud Survey, revealed what the AFP described as a “dramatic” increase in payments fraud hitting businesses compared to 2015. According to the report, […]

CRI Group participates in the 2017 OECD Global Anti-Corruption and Integrity Forum

CRI Group participated in the 2017 OECD Global Anti-Corruption and Integrity Forum last 30 and 31st of March in Paris, France. It is the premium public event on integrity and anti-corruption worldwide, bringing together relevant policy communities as well as the private sector, government, non-governmental organisations and academia. This year, the conference focused on taking integrity to […]

This Company Says It Was ‘Impersonated’ in a $100 Million Fraud Scheme

From Fortune Taiwan-based electronics manufacturer Quanta Computer has acknowledged that its name was used as part of an email fraud scheme that bilked two U.S.-based internet companies out of more than $100 million. U.S. prosecutors last week indicted a Lithuanian man, Evaldas Rimasauskas, for the fraud. He was arrested this month in Lithuania at the […]

Brexit Could Damage UK’s Fight Against Corruption, Says OECD

From the Guardian Brexit could damage the UK’s efforts to tackle corruption and give multinationals leverage over the British government in bribery cases, the Organisation for Economic Co-operation and Development has warned. Business pressure to weaken bribery laws and an inability by the government to focus on non-Brexit issues are both risks associated with leaving […]

In Ukraine, Some Signs of Progress in Uphill Battle Against Corruption

From NPR Kiev’s Solomyansky District Court is a four-story pink building squeezed between an Orthodox church with golden domes and the soaring office tower of Ukraine’s tax service. Inside the court, a judge was preparing to rule on extending the pre-trial detention of Roman Nasirov, the suspended head of Ukraine’s State Fiscal Service. Afraid that […]

South Africa: Anti-Corruption Hotline Nabs Over 3,000 Civil Servants

From All Africa South Africa Home Affairs Minister Malusi Gigaba says over 3,000 officials were found guilty of misconduct related to cases reported via the National Anti-Corruption Hotline (NACH). The Minister said this when he led a briefing of the Governance and Administration Cluster at the Imbizo Centre on Thursday. “The closure rate underscores a […]

François Fillon, French Presidential Candidate, is Charged With Embezzlement

From the New York Times The French center-right presidential candidate François Fillon was charged with several counts of embezzlement on Tuesday, further hobbling a campaign that he has nonetheless said he will continue. Mr. Fillon becomes the first major candidate to seek the presidency under France’s Fifth Republic while under formal criminal investigation. The accusations […]

What Marketers Need to Know About the EU’s New Data Protection Rules

From eMarketer The European Union’s General Data Protection Regulation (GDPR) was put in place to standardise existing laws that call for transparency in how companies collect and store personal data about EU citizens. eMarketer’s Sean Creamer spoke with Scott Meyer, CEO and co-founder of Evidon, and Todd Ruback, the compliance services company’s chief privacy officer […]

Brazil Prosecutor Dramatically Broadens Political Corruption Probe

From Reuters Brazil’s top public prosecutor dramatically expanded a corruption probe of the country’s political establishment on Tuesday, asking the Supreme Court to open 83 new investigations of politicians named in explosive plea bargain testimony. Prosecutor General Rodrigo Janot also requested that the Court send 211 other requests to lower courts based on much-anticipated testimony […]

Lessons From Samsung and South Korea in Cracking Down on Corruption

From UPI South Korea’s scandal-plagued president, Park Geun-hye has been forced from office. Park was impeached by the country’s constitutional court over accusations that she helped a friend win bribes from Samsung and other South Korean conglomerates. The impeachment follows swiftly on from the arrest of Lee Jae-yong, the de-facto head of Samsung, the country’s […]

How Poor Management Helped an ABB Employee Steal $103 Million

From CNN Money A major European conglomerate has admitted that an employee took advantage of serious management failings to disappear with $103 million of the firm’s cash. In its annual report published Monday, power and robotics firm ABB (ABB) said losses from the fraud at its South Korean unit discovered last month would total $73 […]

Caterpillar is Accused in Report to Federal Investigators of Tax Fraud

From the New York Times For years, federal investigators have been scrutinising Caterpillar’s overseas tax affairs with no resolution to the examinations of the complex manoeuvres involving billions of dollars and one of the company’s Swiss subsidiaries. Now, a report commissioned by the government and reviewed by The New York Times accuses the heavy-equipment maker […]

Move Over, ID Theft – Here’s the New No. 1 Fraud

From CBS News Beware of bogus IRS agents, fake offers of tech support – in other words, impostors. They’ve overtaken identity thieves to become the nation’s top fraudsters, according to the latest consumer complaint data. The Federal Trade Commission’s Consumer Sentinel project, which tallies up the number and type of consumer complaints received each year, reported […]

Panama Papers Drive New Rules

Thank fully, Data analytic, can effectively make use of “Big Data” to provide an oversight of compliance, and internal audit. To check this, CRI Group conducted a survey and made an effort to raise awareness of the fraud risk in corporate sector. The results cannot be counted as alarming yet the findings stimulate careful consideration. […]

Force India F1 Team Boss Vijay Mallya Arrested in London

From the Guardian Vijay Mallya, the multimillionaire co-owner of the Force India Formula One team, has been arrested in London on behalf of Indian authorities investigating allegations of fraud in connection with the collapse of Kingfisher Airlines. Scotland Yard said Mallya, who fled to the UK from India to avoid arrest in relation to £1bn […]



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