Fraud Risk Consulting - Falcon Hawk, Gurgaon, India

Fraud Prevention | Detection | Response | Training

Our DNA

Our Mission Our Values
Secure and Protect our Clients’ Reputations Excellence
& Revenues from Fraudulent and Corrupt Trust
Activity by Providing them with Effective and Honour
Results-Oriented Fraud Risk
Integrity
Assessment, Prevention, Detection, Respon
Commitment
se, and Training Services
Accountability

Leadership

Copyright © 2011 Falcon Hawk Consulting

Copyright © 2012 Falcon Hawk Consulting 2

What is Fraud?

Cutting through the labyrinth of complex fraud legalese and even more confusing fraud
jurisprudence, at the core of any fraud is:

A Person’s Desire to be Dishonest and Deceitful to Others
With an Intent to Cause Loss, Disadvantage, or ‘Injury’ Intentionally



Fraud – Its Many Languages

Theft Bribery Manipulation Dishonesty

Cooking
Corruption Omission Deception
Books

Criminality Lies



Fraud – The Perception

Fraud!
Us?
No way…
Not us!
We have done Everything and
are very well Protected
It can Never happen to US!



Fraud – The Truth
 Rise in fraud incidences*
• Fraud in corporate India is on the rise: 75%

 Fraud risk management is not prevalent in India Inc*
• Do not have formal fraud risk management framework: 41%
• Use of technology to detect fraud trends & anomalies in data is poor: 60%

 Biggest enemy is ‘within’*
• All frauds except IP frauds are perpetrated by employees: 75%

 Areas of fraud risk in coming years*
• e-commerce & computer related frauds largest threats: 53%
• Supply chain fraud (procurement and sales & distribution): 50%
• Bribery & corruption (including ‘kickbacks’): 47%

 Factors contributing to an increase in fraud*
• Inadequate internal controls or compliance programs: 63%Hawk Consulting
Copyright © 2011 Falcon
• Failure of line managers to act against deviations from policies & procedures: 53%

* % Respondents in ‘India Fraud Survey Report 2010 (KPMG India)’

Fraud – The Truth (cont’d)

Despite the awareness of risks posed by multitude of fraud types, organisations in
India tend to focus more on the adequacy of controls mitigating financial frauds only

And, unfortunately, they lay considerably lesser emphasis on anti-fraud programs
and controls to mitigate non-financial fraud risks

Non-financial frauds account for 83% of all organisational frauds
Of which, 93% are perpetrated from within the organisation *


* Australian Institute of Criminology Annual Fraud Report 2010

Cost of Fraud

The ‘market value’ of fraud * Where Would You Like Your
Business To Be?

13% 29%

Less than 10 Lacs
10% 10 Lacs - 1 Cr
48% 1 Cr - 10 Cr
10 Lacs – 1 Cr
Greater than 10 Cr


* % Respondents in ‘India Fraud Survey Report 2010 (KPMG India)’

What We Offer

To help your business
 Minimise exposure to fraud and corruption,
 Maximise revenues and
 Enhance market reputation

Falcon Hawk offers you 4 distinct Fraud Risk Management Services

• Fraud Assess™ • Fraud Prevention

• Fraud Detection • Fraud Response



™
FraudAssess

 FraudAssess™ is our Proprietary Process Tool to:

 Proactively assess your business’ Fraud Risk Vulnerability

 X-ray your business and measure how vulnerable and susceptible your people, processes, and procedures are to
Fraud and Corruption

 6 Benefits of FraudAssess™ for your business:

• Identify its real and potential fraud and corruption risks

• Identify which business activities are most vulnerable to fraud

• Know which person/s, or what position/s put it most at risk of fraud and corruption

• Improve its fraud communication and awareness

• Identify its Residual Fraud & Corruption Risks & Vulnerabilities
• Make informed decisions re: fraud and corruption prevention programs, plans, and strategies


Our Services Directory

Fraud Prevention Fraud Detection Fraud Response
• Fraud Risk Vulnerability Assessment • Fraud Detection Protocols • Fraud Response Protocols

• Fraud & Corruption Control Standard • Fraud Detection Controls • Fraud Response Controls

• Fraud & Corruption-Control Policy • Auditing and Monitoring • Fraud Investigation & Response

• Fraud Risk Management Program • Whistle-blower Protocols • Reporting & Disclosure Protocols

• Code of Conduct & similar Standards • Fraud Detection Scorecard • Remedial Action/Recovery Protocols

• Fraud Communication & Training

• Process-specific Fraud Risk Controls

• Fraud Prevention Scorecard



How it works – A Fraud Prevention Solution

FraudAssess™ (Fraud Assessment) Step 1
Conduct Fraud Risk Vulnerability Analysis to
Determine and Measure Real and Potential Fraud
Risks

FraudSafe™ (Fraud Prevention) Step 2
Establish Extent of Fraud Risks, Determine Suitable
Solutions, and Make Recommendations

FraudSafe™ (Fraud Prevention) Step 3
Design, Develop, and Implement Client Approved
Recommended and other Solutions


About Us
Gaurav Sareen – Managing Partner
 Former Commander, New South Wales Police Force, Sydney, Australia

 Member – Association of Certified Fraud Examiners (ACFE) – global apex body for fraud risk
management professionals

 Senior Accredited Police Detective specialising in complex & organised commercial fraud &
cybercrimes

 Former Fraud Prevention Officer, New South Wales Police Force, Sydney, Australia

 Over 10 years of extensive experience in managing & investigating frauds such as asset
misappropriation, bribery & corruption, cheating, intellectual property, false identity, contract &
procurement, e-crimes, credit cards, ATM skimming etc

 Bachelor of Policing (Criminal Investigations) – Charles Sturt University, Australia

 P.G. Certificate Commercial Crime Investigations – Charles Sturt University, Australia

 Accomplished fraud lecturer & trainer. Has trained over a thousand police officers, and many
hundreds of executives2011 Falcon Hawk Consulting
Copyright © from the Retail Industry, IT/ITeS, BFSI, FMCG, PSUs, other government
departments etc in fraud prevention, investigation, and management


10 Reasons to choose Falcon Hawk

1. Increase your business bottom line – a real and measurable metric

2. Enhance your business’ reputation in an ever-challenging market space

3. Minimise your business’ vulnerability and exposure to fraud and corruption

4. FraudAssess™ measures your business’ vulnerability to fraud and corruption

5. Fiercely guard your confidentiality – NEVER advertise client names

6. All solutions and products conform to IS15900:2010 and AS8001:2008

7. Extensive best-practice international fraud management & consulting experience
8. Member – Association of Certified Fraud Examiners (ACFE) – global apex body for fraud
management professionals

9. Always quote full fees up-front – no post-contract ‘extras’ or ‘hidden nasties’
10. Transparent and legally binding contracts – no misrepresentations/verbal ‘assumptions’


Thank You!

Its been a delight to host you for this presentation

We realise your time is at a premium.
We’re sure you’ve found something that interests you

Ring us or send us a quick email
It will be a delight to hear from you for next steps!

Thank you!



Contact Us

Falcon Hawk Consulting

Level 4, Augusta Point Mob: +91 8800 666 770
DLF Golf Course Road
Sector 53 Email: gaurav@falconhawk.in
Gurgaon – 122002
Web: www.falconhawk.in

Your Fraud Protection IS Our Business!


Fraud Risk Consulting - Falcon Hawk, Gurgaon, India

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