We believe successful global organisations can confront fraud, corruption and abuse PwC Finland Forensic Services

Transcription

1 We believe successful global organisations can confront fraud, corruption and abuse Finland

2 Who are we? Bring a robust forensics team to the table to support your organisation Our practice can help you prevent, investigate and remediate the issues arising from regulatory, legal and commercial minefields that can damage your brand and bottom line if left unchecked. We provide forensic accounting, financial analysis, advanced technology and regulatory knowledge to companies confronting corporate investigations, litigation and regulatory enforcement challenges. We work with businesses around the world, sharing our team of top local, national and global professionals who bring myriad special skills to your door: accountants, financial analysts, technology experts, former regulators and members of law enforcement, statisticians, economists, engineers, compliance officers, and fraud examiners. We offer guidance and assistance with complex technology challenges; we serve as expert witnesses; we conduct fraud and forensic investigations; and we develop value-preserving solutions for companies that have been compromised by weakened processes and controls. You can tap into a robust reserve of forensic solutions: Corporate investigations Anti-corruption ediscovery and computer forensics Cybercrime and data breach response Corporate intelligence Fraud risk mitigation Dispute analysis and expert testimony Regulatory and accounting analytics. Our thorough examination of the threats to your organisation's viability can provide you with the protection you need to build a sustainable operation and safeguard your brand. We can help you meet your challenges proactively and effectively with the help of our deep, reliable investigative experience and proven reputation for guiding businesses leaders toward intelligent, informed decisions from the boardroom to the courtroom. We work with businesses around the world, sharing our team of top local, national, and global professionals who bring myriad special skills to your door: accountants, financial analysts, technology experts, former regulators and members of law enforcement, statisticians, economists, engineers, compliance officers, and fraud examiners. 2

3 If you detected fraud or impropriety within your company, would you know what to do about it? How would you respond to an anonymous whistleblower? Our is prepared to work with you to address the challenges where they lie and stop the spread of resulting fallout. Our forensic professionals in more than 30 countries have deep investigative experience, local insight, and knowledge of specific industries/sectors, relevant regulations, and forensic technology. We are experienced in Finland all phases of the internal investigative process, with internal teams that evaluate specific situations, help you address complex business issues, and help inhouse or outside counsel identify vulnerabilities and develop and execute investigative strategies. We have successfully managed numerous scenarios, including: Corporate irregularities, whistleblower allegations, asset misappropriation, regulatory violations, and improper business relationships Business secrets, patent and copyright infringements, including piracy and counterfeiting, product diversion, disruption of distribution systems, and 'grey market' activity Financial reporting fraud, suspicious transactions, conflicts of interest, and bribery/corruption. Our forensic professionals in more than 30 countries have deep investigative experience, local insight, and knowledge of specific industries/sectors, relevant regulations, and forensic technology. 3

4 Watching your back, no matter how broad your interests To mitigate the inherent risk of business fraud, targets those areas in which organizations are the most vulnerable, including: Dispute investigations To avert the substantial threat corporate crime can pose to your organization, you must take proactive measures to prevent crimes in the first place and to quickly react in the event they do occur. We provide forensic accounting, financial reporting, investigation, dispute consulting and remediation advisory services to publicly held companies and their directors, management and legal counsels through five principal services: Internal corporate investigations Assistance with investigations conducted by regulators or law enforcement agencies Dispute consulting regarding regulatory enforcement actions or criminal prosecutions Consulting on remedial actions relating to compliance with regulations. Financial fraud Our professionals can help you identify and analyze your financial vulnerabilities, benchmark existing processes and investigate all types of fraud. We can assist you with: Undisclosed conflicts of interest and improper business relationships Investigations into suspected bribery and corruption Electronic evidence recovery, processing and analysis Asset misappropriation, self dealing and breach of fiduciary duty Regulatory violations, disclosures and false claims Insolvency and bankruptcy investigations in recovering funds on behalf of debtors or creditors. 4

5 Our experience in all phases of the internal investigation process helps companies solve complex fraud and corruption issues and assists their counsel in developing thoughtful response strategies. Cybercrime and data breach investigations Cybercrime perpetrators can attack a company from many directions and with a variety of motives. Some act maliciously from within the organization; others are competitors seeking an advantage, transnational criminal enterprises stealing for profit, or foreign governments seeking an economic or military advantage; and still others are terrorist organizations that seek to disrupt services. Our combination of computer forensics, data analysis, malware analysis, cyber surveillance, fraud, and crisis experience can help you make informed decisions that will help you effectively confront: Computer and network intrusion and privacy breaches Identity, intellectual property, and data theft Insider threats Cyber security risks. Global investigations and Russian and CIS markets We have conducted and managed numerous corporate investigations, including corruption and bribery, in several territories around the globe, especially in Russia and other CIS countries. Our professionals include individuals who speak native Russian. 5

6 Corporate Investigations Our Approach Corporate Investigation will be performed by open source information retrieval as well by conducting manual enquires, interviews, review and analysis of documentation using Forensic Technologies and Computer Assisted Audit Techniques. The investigation consists usually two phases: Our experience in all phases of the internal investigation process helps companies solve complex fraud and corruption issues and assists their counsel in developing thoughtful response strategies. During the first phase of the investigation we will perform the following procedures: Preserving and capturing data and other evidence relevant to the investigation (ediscovery and FTS) Conducting interviews of key persons (client s representatives and possible witnesses) Mapping the persons involved in the business between the client and relevant third parties Performing Investigative Due Diligence (IDD) or limited IDD of the persons identified above Gathering and reviewing of the client s documentation including but not limited to the documentation mentioned in the Information Request Reviewing other possible violations of the client's Code of Conduct. In the second phase we will perform more extensive interviews and detailed testing of all relevant evidence. The following are examples of possible procedures to detect fraudulent activities: Significant and/or unusual transactions, investigating the related parties and the sources of financial resources supporting the transactions Unusual expenses or expenses related to persons identified in the previous phase. We will also check the appropriateness of these expenses in relation to the client s policies, law and regulation Data mining to test for anomalies in a population Seeking additional evidence from sources outside of the entity being investigated Reporting is one of the key issues during the investigation. Our reporting consists e.g. Kick-off meeting Status meetings with key finding presentations / status report Draft report Final report including executive summary and detailed findings Support for presentations to the client and authorities. 6

7 Contact us Ake Turunen, tel (0) Ake is a Leader in in Finland. He has been consulting continuously several globally operating corporations in corruption, fraud and other economic crime related issues. He has managed several investigations, fraud risk assessment assignments and compliance training programs, including a number of FCPA cases. Ake has a B.A. in Police Command Degree and he is Certified Fraud Examiner (CFE). Before, Ake worked 16 years for the Economic Crime Investigation Section of the Finnish Police as a project leader, investigation leader, and the head of the unit for assessment of economic crimes. Juuso Oilinki, juuso.oilinki@fi.pwc.com, tel (0) Juuso is a Manager in s team in Finland. Juuso has managed several significant special investigations in Finland, Scandinavia and Baltic countries. Juuso has a profound knowledge of detecting and investigating corruption, frauds and other economic crimes, and further, has also managed several anti-corruption training programs. Juuso has worked several years for the National Bureau of Investigation dealing with complex and multi-jurisdictional economic crime cases. During the last four years working in the National Bureau of Investigation, Juuso operated as the head of the Finnish police Anti-Corruption function. Juuso holds a Master s degree in Business Administration PricewaterhouseCoopers Oy. All rights reserved. In this document, refers to PricewaterhouseCoopers Oy which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity. 7