FIELD OF EXPERTISE:
Forensics/Fraud/Financial Crime

Financial crime such as fraud, money laundering, corruption and industrial espionage causes billions of EUR in losses every year. It damages the reputation of organisations and puts public trust at risk.

Many organisations only recognise the danger of financial crime when it has already occurred. Especially in situations like this, it is crucial to not only act as fast as possible but also appropriately to avoid financial losses and damage to their reputation. A crisis like this often leads to a latent existential threat for the organisation.

The fight against such misconduct within organisations has become more challenging over the past years. On the one hand, the permanent availability of IT structures and the increasing mobile access to confidential data pose a great risk for organisations. Targeted electronic attacks by both external and internal criminals on information systems and fraudulent activities regularly make headlines. On the other hand, the growing number of new regulations exacerbate the risks of non-compliance.

The fight against financial crime in a globalised world is becoming increasingly difficult because internationally operating organisations are faced with different customs locally.

The aim of this field of expertise is:

• Relaying knowledge to help gain an understanding about the threat of financial crime
• Discussions and development of methods to prevent and uncover acts of financial crime by incorporating influential decision-makers from business, politics and experts from science and research
• Discussions and analysis of current regulatory, technical and societal developments and their effects on financial crime

Possible topics that are covered within this section are:

• Practical lessons learned
• Criminal profile – typical perpetrators of financial crime and their behavioural patterns
• Artificial intelligence in the fight against financial crime
• Bribery and corruption in an international setting
• Money laundering 4.0 – cryptocurrencies
• Industrial espionage as an existential threat