Fraud Management & Detection
Data Analytics for FCPA Compliance
Using Analytics to Protect Yourself
When it comes to bribery provisions, data analysis solutions can quickly and easily identify red flags and provide an invaluable early warning system. Software programs can uncover the following key elements :
Payments to vendors on watch lists or government contractors require strict review to prevent compliance or fraud risks.
Payments made through foreign accounts must be monitored closely to detect unauthorized transfers or money laundering.
Hiring new consultants or attorneys without prior ties needs verification to avoid unethical or fraudulent engagements.
Transactions labeled vaguely like “services rendered” or “gifts” may indicate fraud or improper financial activities.
Issuing checks to “cash” increases misuse risk and reduces financial traceability within accounting systems.
Cash or government-related payments need scrutiny to confirm legitimacy and compliance with financial regulations.
