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Bolstering compliance in global covid fraud enforcement web

Bolstering Compliance as Global COVID Fraud Enforcement Takes Shape

July 16, 2020

5 ways companies can measure and mitigate fraud risk as enforcement agencies begin to crack down

In response to COVID-19, governments across the globe have enacted substantial public sector stimulus programs to protect struggling businesses and employees. As countries begin to take steps to reopen to a post-COVID world, businesses are facing a new set of challenges as enforcement agencies are preparing to aggressively crack down on abuse of those programs.

Furlough fraud has been top of mind in that respect, but in the coming months, the enforcement lens will shift to larger businesses that have received direct-to-industry government bailouts. These larger organizations will make for more politically attractive and compelling enforcement targets. It will be critical for them to establish an unimpeachable “forensic” audit trail that demonstrates that all stimulus funds were used in accordance with their respective program’s obligations.

FRA Founding Partner Toby Duthie and Associate Directors Matthew Bedan and William Mui offer five practical suggestions to help businesses measure and mitigate this risk exposure in Corporate Compliance Insights.

Read the full article here.


FRA’s COVID-19 Resource Center

For more than 20 years, we have been proactively partnering with clients and their counsel to solve complex problems and manage risk in remote work environments. Find out how FRA can help you develop forward-looking solutions to manage risk, adapt and thrive in a remote economy.

Access FRA’s COVID-19 Resource Center

 

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© 2021 The FRA group in the UK comprises Forensic Risk Alliance Limited (number 3895636) and FRA Solutions Limited (5863958). Both are limited companies registered in England & Wales, and have their registered office at 3rd Floor, Audrey House, 16-20 Ely Place, London EC1N 6SN. The term partner is used to denote senior employees of the limited companies. All rights reserved.