Dubai, United Arab Emirates, July 25, 2019 --(PR.com
)-- The Institute of Cost Accountants of India (Dubai Overseas Center), in association with Dubai Vigilance Group hosted a seminar entitled "Financial Crime Meets the Corporate World: Companies as Targets, Facilitators and Mitigators."
Professor Rob McCusker, Transnational Crime Director at Dubai Vigilance Group, presented to members of the Institute, as part of its Professional Development Programme at an event organised and hosted by the Institute in Dubai, his comprehensive exploration of the nature and extent of the connections between financial crime and the corporate sector and the best ways in which the impact of those connections could best be mitigated.
In a wide-ranging and detailed presentation Rob drew upon a wealth of pragmatic experience, obtained from work with law enforcement, government and the private sector, and current international research to illustrate both how the corporate sector has become a target of financial criminals and, through its risk management protocols and modes of operation, facilitated the perpetration of financial crime.
As the Chairman of the Institute, Mr Devraj observed the presentation, "… gave us an in-depth insight into the nature, scope and convergence of financial crime, the factors within the private sector that facilitate financial crime, real-world risk, inter-connectivity and its impact...great...the discussion about how to find out fraudsters and release the corporate houses from their red hand was an amazing one."
In terms of the content of his presentation, Rob began with a snapshot of financial crime carried out against the corporate world, transnational criminals’ infiltration into the corporate world and the corporate world’s engagement in financial crime as part of its ordinary business operations. Rob then proceeded to examine the global risk environment, focusing upon Geo-political, economic and technological risks, cyber-crime, focussing on the systematic targeting of corporate information, money laundering and illicit financial flows, corruption in relation to the corporate sector and finally, real world risk management in which the need to anticipate threats and to think laterally about their mitigation was reviewed. The event ended with a round of robust and insightful questions from the audience which allowed for the further crystallisation of the issues raised during the presentation.