RisikoKlár

Mitigating fraud risk by raising awareness and capacity-building

Outside the US and the UK, this requirement is fairly unknown – certainly among all those who do not hold a qualification which requires Continuing Professional Education (CPE). As a Certified Fraud Examiner (CFE), earning and reporting CPE credit on an annual basis is mandatory. It’s…

Choosing wisely and timely: annual CPEs

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I’ve recently had the honor and the privilege to give an in-depth interview to the ACFE. It was published yesterday and is available here (PDF contains images, 3 pages) and here at the ACFE . It provided a wonderful opportunity to reflect deeply and express my gratitude and…

My interview with the ACFE

By guest author Sercan Ercinler, who was born in 1987 in Istanbul, and currently lives in Vienna, Austria. He is a Certified Fraud Examiner (CFE) with a master’s degree in accounting and author of the two books: Corruption, Money Laundering and Financing of Terrorism (2017, English) and The U.S.…

The Importance of Legal Counseling for Whistleblowers

Recent headlines covered Brexit and Britain’s subsequent repeal of laws, Germany’s private bank Hauck & Aufhäuser, dissolved Welling & Partners in the British Virgin Islands (IcelandReview, ruv.is), and Fashion brand founder Karen Millen’s bankruptcy. Unrelated, at first glance, they also entailed various fraud-related issues and bring a pressing…

Complex Risk: due diligence, conflict of interest, ultimate beneficial ownership

Just another document

In a recent interview, I talked about internal controls and ethics and referred to Wells Fargo as an example of the implementation of a Code of Conduct which did not result in the desired ethical behavior. The reasons, as far as I have been able to…

Do Codes of Conduct work? Misconduct, Fraud and Ethics.

Snap Inc.’s IPO has turned from hyped to sour in less than a week – NYSE: SNAP.  I had already flagged some concerns with the company’s valuation and potential issues as to underlying metrics which were, according to the lawsuit linked in my previous post, alleged to…

Aw SNAP something went wrong: valuation

California-headquartered camera company Snap Inc.’s initial public offering (IPO), has been all the rage.  The valuation at USD 24 billion (~EUR 22.4 Milliarden), including staff stock and deal bonuses, set the IPO target at USD 17.  After its first day of trading at the New York…

Snap up a bubble

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As an expert in the field, Britta Bohlinger is interested in fraud and risk. She focuses on finance, politics and business. Britta, who previously worked for investment banks and a broker dealer in London, is now settling down here in Iceland. She blogs about Icelandic…

Translated: my interview in an Icelandic newspaper

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The personal, the societal, the international When thousands of Icelanders, expats, tourists and exchange students gathered in a memorial walking, the temperatures well below freezing, the mood was calm, quiet and collected. Participants united in a walk towards the point where Birna Brjánsdóttir had last been…

Cross-border community in times of crime

Listen to the article  Tourism a hundred years ago or so used to be totally different from what it is nowadays.  My maternal grandparents then also were no strangers to relocation and re-rooting.  They enjoyed travel thoroughly and up into their old age.  But their…

Environment and misconduct. The Icelandic approach.

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Dear Friend,  [listen to the letter] Take a seat, take in the magnificent view on a winter’s day.  After a long morning, that covered everything in benign darkness and inspired hours of work in candle light, this crispy cold air and shimmering ice, steaming sea…

Letter to a Friend: on the risk of defrauding your values