Forensic Advisory and Fraud Prevention

Predict. Detect. Respond.

We help organizations predict and detect fraud risks. We review and investigate suspicions of fraud, and unethical behaviour by employees or third parties. An early response to reported fraudulent behaviour can reduce financial and reputational damage. Find out how to deal with such situations.

We help prevent the occurrence and impact of fraud

Deloitte is a leader in helping organizations manage risk and vulnerabilities due to corruption, fraud and other unethical behaviour and threats that could harm an organization’s interests. We have in-depth experience of assisting clients with turning critical and complex issues into opportunities for resilience and long-term advantage.


Fraud Risk Management

All organizations face a variety of fraud and misconduct risks. Similar to a more conventional entity-wide risk assessment, a fraud and misconduct risk assessment helps management understand the risks that are unique to its business, identify gaps or weaknesses in controls to mitigate such risks, and develop a plan for targeting the right resources and controls to reduce risk.

Good fraud risk management requires more than just ensuring the system of internal controls is effective. It also requires the support of senior management, identification and assessment of fraud risk, clearly defined actions to reduce the risk of fraud and ongoing assessment of the effectiveness of the organization’s approach to managing fraud risk.


How we can help

Deloitte Forensic can help you prevent fraud from occurring in the first place (controls to reduce the risk of fraud and misconduct).

Detecting fraud that does occur (controls to discover fraud and misconduct) and responding to detected fraud (controls to take corrective action and remedy the harm caused by fraud or misconduct).


Bribery, Corruption and Fraud Risk

Fraudulent behaviour causes significant financial damage to businesses every year and can lead to reputational damage. Corrupt behaviour is an extremely dangerous, anti-social phenomenon, which occurs in every society. According to opinion polls and analyses, almost two-thirds of Slovakia’s population consider their country to be corrupt.

We assist our clients in creating systems and environments to detect and eliminate fraudulent and corrupt behaviour, and so we can offer our knowledge and experience to your organization to help build an anti-fraud system.

Failure to detect and respond to the risk of bribery, corruption and fraud can cause significant financial and reputational damage to an organisation. Our clients seek our assistance on a broad range of corruption related-matters including:

  • Implementation of corruption and fraud prevention and detection programmes, including:

        - review of processes and IT systems

        - corruption and fraud risk identification and assessment

        - review and assessment of existing anti-corruption and anti-fraud policies, procedures and controls

        - benchmarking of current status to best practice in these areas

        - design and implementation of best practice anti-corruption and anti-fraud policies, procedures and controls

  • Investigations and reviews of corrupt and fraudulent behaviour
  • Regulatory compliance reviews, ascertaining whether the organization complies with the requirements of law, regulations and guidelines, and recommendations when such requirements are not adhered to
  • Compliance with the UK Bribery Act, Foreign Corrupt Practices (FCPA), and other relevant anti-corruption legislative requirements
  • Business Intelligence and related Integrity Due Diligence services


How we can help

  • Compliance Programme Implementation and Assessment – We can assist with the development and refinement of ethics and compliance programmes to help protect against the risk of anti-corruption legislation violations.
  • Forensic Accounting Investigations of alleged violations of anti-corruption legislation – Our forensic accounting specialists efficiently analyse electronic and hard copy financial, e-mail and other records to investigate potential issues and assist clients and their legal advisors when conducting interviews with personnel. We are experienced in dealing with regulators and prosecutors to explain our findings and their potential implications.
  • Forensic Due Diligence, when buying or selling a company – During a transaction, we can assist in investigating the target company to help identify potential fraud risk issues. In addition, we can help avoid surprises by testing existing anti-corruption compliance policies, procedures and controls.
  • Business Intelligence Services – Our specialists collect information relating to a subject’s background and reputation. We conduct extensive online research using subscriber and internet databases. Our professionals research, analyse and report relevant information to help clients make informed decisions about the individuals/entities with whom they are negotiating or conducting business.


Anti-money Laundering and Countering Financing of Terrorism

We assist our clients with meeting regulatory obligations with regard to:

  • Distilling relevant obligations from legislation
  • Providing solutions to meet regulatory obligations
  • Measuring the effectiveness of your existing processes and controls
  • Improving your existing processes and tools to meet new and existing obligations

We offer our clients a comprehensive approach to the solution of problems related to money laundering. We have vast experience of forensic investigations and in-depth knowledge of the industries which suffer most from money laundering. This allows us to effectively minimize risks and prevent unfavourable consequences for our clients.


Implementing leading “Know Your Customer” practices

Efficient and disciplined “Know Your Customer” (KYC) practices are key in today’s regulatory environment. Inadequate management of this key component of the AML landscape can lead to serious loss of regulatory and reputational control.

We assist companies with improving the quality and integrity of their KYC information and enhancing their overall KYC environment.


Is your transaction monitoring system performing as it should?

A common challenge organizations face today is keeping up with the large volume of false positive alerts triggered by their transaction monitoring systems. Some transaction monitoring systems reach their limitations prematurely, or do not perform as originally intended. This coupled with an uncontrolled increase in the volume of alerts generated, poses a capacity problem as regards subsequent evaluation.