The most recent KPMG Forensic Fraud Barometer shows that Swiss courts tried 57 cases of white-collar crime in 2016. While this might be significantly fewer cases than the year before, the total losses exceeded CHF 1.4 billion, a record high since KPMG began gathering data.
This article focuses on recent Foreign Corrupt Practices Act (FCPA) trends and addresses the impact of the new DOJ pilot and the FCPA enforcements. It also highlights other relevant developments in the anti-bribery and corruption space.
Few companies succeed in employing systematic data analysis to detect fraud. What’s necessary to build trust in an analytics based approach to fraud detection? KPMG’s report “Using analytics successfully to detect fraud” explains the challenges of managing an analytics-driven program.