Fraud investigations
Occupational fraud and economic crime are not isolated or specific to the Romanian market. According to the most recent Report to the Nations published by the Association of Certified Fraud Examiners (ACFE), organizations around the world lose, on average, up to 5% of annual revenue to internal fraud, and the median value of a single fraud case often exceeds $100,000. These figures show a growing global phenomenon, affecting all business sectors, from small and medium-sized companies to multinationals with a presence on several continents.
In Romania, the scale of the problem is also significant, with over 75% of large companies reporting incidents of internal fraud. Even in this context, companies operating transnationally may be exposed to additional risks, as private corruption, conflicts of interest and asset theft schemes can be orchestrated across borders. The Corporate Intelligence Agency offers leading expertise in combating and investigating occupational fraud in multiple markets and jurisdictions and is ready to handle complex international cases when the situation demands it.
Through our strategic approach - combining legal analysis, intelligence knowledge, advanced technologies and our extensive network of partners - we are able to identify, document and mitigate fraud losses, regardless of the country or industry in which your company operates.
Major Implications
High and irrecoverable costs: a single fraud scheme can generate major losses and additional legal costs.
Management vulnerabilities: Key employees and managers may exploit their position for personal gain.
Limited government intervention: in Romania, public institutions rarely prioritize private fraud, leaving companies exposed.
Long average period of manifestation: Some fraud goes undetected for up to 14 months, constantly damaging the company.
Reacting quickly and implementing a robust internal control system is crucial to limit or eliminate such situations.
Strategic Evaluation and Specialized Resources
Corporate Intelligence Agency offers an integrated Fraud Investigation package, which includes:
*Risk and vulnerability assessment: we identify gaps in procurement, inventory management, HR and financial accounting processes.
*Profiling and Background Check and Due Diligence: we check the integrity of employees and contractual partners, uncovering predispositions to fraud.
*Prevention procedures: we create policies tailored to the specifics of your business to limit fraud opportunities before they arise.
* Confidential investigations: In case of suspicion, we act discreetly and document the situation with clear evidence, avoiding unwanted media exposure.
Our expertise
Corporate Intelligence Agency brings together specialists in intelligence, legal, data analytics and cybersecurity, able to:
* Quickly uncover any wrongdoing, from private corruption schemes to embezzlement and conflicts of interest.
*Work with the CFO, Head of Legal, board members and shareholders to ensure compliance and legal protection of the company.
*Implement a customized prevention system that significantly reduces the risk of fraud and strengthens financial discipline.
*We have successfully handled hundreds of complex cases of occupational fraud and white collar crime, being recognized both nationally and internationally.
