Author: Niall Hearty 1 April 2023
Reports of a huge financial scandal involving metal shipments prompted Niall Hearty to write a piece about why fraud prevention is so important.
In his piece, which was published by Security Matters, Niall details how the commodity trader Trafigura came to allege it was the victim of fraud involving shipments of nickel it bought that contained no traces of the metal.
Niall explains that the situation can be viewed as a lesson in the importance of effective fraud prevention. He emphasises that fraud prevention is essential for all businesses – and that it needs to be conducted appropriately.
Niall adds that this requires taking all possible steps to assess the potential for wrongdoing being committed by staff, third parties, intermediaries, customers, trading partners and anyone else with a connection to the company.
He states that fraud prevention cannot be achieved without a company taking the time and effort to examine its working practices and identify its vulnerabilities to fraud.
The full article can be read here.
Niall has a wealth of corporate crime expertise and an ability to coordinate global bribery and corruption cases. His achievements in such investigations have made him a logical choice for corporate clients.