Fraud and White Collar
Huron's forensic accountants and fraud investigators help clients investigate possible fraud, waste and abuse, fraudulent activity or other wrongdoing, as well as compliance with ethics standards and codes of conduct, involving employees, management, and third parties. We assist clients in a wide variety of forensic accounting investigations, including defalcation, embezzlement, misappropriation, financial reporting, FCPA, and BSA/Anti-Money Laundering (AML) compliance investigations, among others.
Our forensic accountants team up with counsel to provide assessment of business processes, accounting, books and records, transactions, systems, and asset movement to help pinpoint and obtain the source of information and create analyses necessary to follow the trail of financial asset movement and recover assets.
Huron's Fraud and White Collar Crime areas of expertise include:
Corporate Investigations
- Whistleblower allegations
- DOJ and other governmental inquiries and investigations
- Aiding and abetting, corruption, bid-rigging, bribery or kickback allegations
- Embezzlement, theft or asset misappropriation
- Conflicts of interest or related party issues
- Deep web mining
- Pending or threatened litigation
Forensic Accounting & Compliance Assessments
Fraud Prevention, Detection and Deterrence
- Circumvention of internal controls
- Review of approved policies and procedures as compared to actual practices
- Asset tracing and recovery
- Due diligence
- Internal control review
- Identification of red flags and anomalies
- Fraud Vulnerability Assessments
Computer Forensics
- Theft or misuse of intellectual property or proprietary information
- Electronic discovery
- Data analysis or data mining
- Electronic evidence retrieval (e.g., e-mail, deleted files)
- Preservation of data in regulatory inquiries or unfavorable personnel actions
Anti-Money Laundering Compliance & Investigations
AML Compliance Programs
- Risk Analysis and Design
- KYC/EDD Processes
- Activity Monitoring System Design and Implementation
- Identification of Red Flags and Anomalies
- Transaction Testing and Analysis
- Evaluation of Compliance Structure
- Vetting of Brokers and Other Third Parties
- Evaluation of Suspicious Activity Reporting Structure
- Development and Implementation of Compliance Training Programs
Response to Regulatory Requests
- Response to Law Enforcement Inquiries
- Implementation of BSA Examination Recommendations
- Assessment of Perceived or Actual Enforcement Risk
- Lookback Analyses to Evaluate Allegations
- Shadow Investigations
- Negotiation and Mitigation of Enforcement Penalties
- Design and Implementation of Remediation Plans
AML Risk Assessment
- M&A Transactions
- Legacy Accounts following Acquisitions
- Integration of AML Compliance Programs in Cases of Consolidations, Expansion, or Penetration into New Markets
Computer Forensics
- Electronic discovery
- Data analysis
- Data mining
- Electronic evidence retrieval (e.g., email, deleted files)
- Preservation of data in regulatory inquiries
FCPA and Other Compliance Assessments & Investigations
Compliance Programs
- Risk Analysis and Design
- Development and Implementation
- Compliance and Training Programs
- Evaluation of Existing Programs
Response to Regulatory Requests
- Response to Law Enforcement Inquiries
- Assessment of Perceived or Actual Enforcement Risk
- Shadow Investigations
- Whistleblower Investigations
- Negotiation and Mitigation of Enforcement Penalties
- Design and Implementation of Remediation Plans
Vulnerability Assessments
- M&A Transactions
- Integration of Compliance Programs
Monitoring of Third Party Vendors and Distributors
- Determination of Audit Scope Based on Risk Assessment
- Review Due Diligence Procedures
- Design and Implement Corrective Actions
Investigation of Sales and Marketing Practices
Investigation of Gray Market Diversion Schemes
- Assessment and Validation of Existing Loss Estimates
- Quantification of Lost Sales and Profit Margins
- Upgrade Internal Controls to Reduce Opportunity to Divert
- Enhance Auditing and Monitoring Processes
- Due Diligence of External Distributors
Computer Forensics
- Electronic discovery
- Data analysis and Data mining
- Electronic evidence retrieval
- Preservation of data in regulatory inquiries or unfavorable personnel actions