Fraud Risk Management
Fraud has always been elusive. With technology, it is becoming faster, smarter, and harder to spot. It hits every industry, from finance to education.
With a robust fraud risk management service, you stay ahead of the dangers. With better controls, you can prevent losses. No need to run after recovery. They shouldn’t even happen. With proper Fraud risk management, threats are assessed, gaps are fixed, and controls are strengthened.
Get ready for smooth business. No surprises.
In regulated and high-visibility sectors, there’s no room for error. Strong fraud detection & prevention is no longer optional. It’s your shield, protecting assets, reputation, and operations.
Why Enterprise Fraud Risk Management
Unchecked fraud causes damage fast. Financial loss. Legal risk. Reputational fallout.
A strong fraud risk management system keeps you protected. It reduces risk, boosts internal controls, and builds trust. It aligns your business with global standards but also helps you adapt to UAE realities.
Our framework brings together compliance risk assessment, audit insights, and risk profiling so your strategy is strong, not reactive. You don’t just meet the bar. You raise it.
Who Benefits from Fraud Risk Management
This service is ideal for:
- Large enterprises, government bodies, universities, and regulated institutions
- Sectors prone to procurement fraud, money laundering, or regulatory scrutiny
- C-suite executives, Internal Audit Heads, Compliance Officers, and Risk Managers seeking to embed ethical resilience
- Organizations pursuing transformation, digitalization, or operational restructuring
Our Approach to Fraud Risk Management
We adopt a risk-based, stakeholder-driven methodology built on international frameworks and tailored to the specific fraud risks of each organization. Our approach combines:
- Diagnostic reviews of controls, policies, and process flows
- Interactive interviews, surveys, and heat mapping
- Development of a dynamic fraud risk management framework tailored to your operational context
- Integration of internal audit function, real-time analytics, and strategic risk management practices
We leverage checklists, fraud taxonomies, and role-based risk scoring to create a truly responsive and preventive framework.
Key Components of Our Fraud Risk Management Service
Anti-Fraud Framework Design
- Development of tailored governance and monitoring systems
- Implementation of early warning indicators (EWIs) and fraud deterrents
- Real-time alerts and continuous oversight tools
Fraud Risk Identification
- Mapping of processes, diagnostic review of policies
- Stakeholder perception analysis and workshops
- Focus on risks such as asset misappropriation, procurement fraud, and money laundering
Fraud Risk Assessment
- Scoring risks by likelihood and impact (financial, reputational, legal)
- Classification as Critical, High, Moderate, or Low
- Integration of compliance risk assessment frameworks
Control Evaluation & Gap Identification
- Review and rating of control effectiveness (5-tier maturity scale)
- Pinpointing override risks, gaps, and misalignments
- Emphasis on preventive and detective controls
Benefits of Implementing Fraud Risk Management
The basic benefit is quite obvious. With fraud risk management, you are saving your enterprise from undue losses. There are details, though:
When there are controls, preventive mechanisms, people do the right thing anyway. It builds a culture of transparency.This service promotes honesty, openness, and accountability at every level.
Fraud can ruin your reputation and not to mention the money that goes to waste. With Fraud risk management, your business hedges against these dangers.
Your internal audit function gets sharper. We link it directly to your risk controls so fraud risks are tracked, not missed.
Regulatory compliance is part of the service too. We make sure your systems meet local laws and global expectations.
Business means you have a lot on your hands. Fraud risk management automates controls and makes it all easy. You get tools, alerts, and important insights without extensive procedures. It saves time and effort.
Money laundering risks are serious. We help block them with clear controls, better reporting, and tighter oversight.
Enhanced transparency and ethical culture
When there are controls, preventive mechanisms, people do the right thing anyway. It builds a culture of transparency.This service promotes honesty, openness, and accountability at every level.
Lower exposure to financial, operational, and reputational risks
Fraud can ruin your reputation and not to mention the money that goes to waste. With Fraud risk management, your business hedges against these dangers.
Stronger internal audit function integration with risk controls
Your internal audit function gets sharper. We link it directly to your risk controls so fraud risks are tracked, not missed.
Improved compliance with regulatory compliance standards
Regulatory compliance is part of the service too. We make sure your systems meet local laws and global expectations.
Real-time monitoring and actionable insights through automation
Business means you have a lot on your hands. Fraud risk management automates controls and makes it all easy. You get tools, alerts, and important insights without extensive procedures. It saves time and effort.
Reduced vulnerability to money laundering and financial crime
Money laundering risks are serious. We help block them with clear controls, better reporting, and tighter oversight.
Deliverables You Can Expect
- Fraud Risk Register with inherent and residual risk scores
- Detailed control evaluation and benchmarking report
- Executive summary for senior management and the board
- Tailored roadmap for implementing fraud detection & prevention measures
- Awareness tools, reporting protocols, and monitoring dashboards
frequently asked questions
Your business needs to save its name, money, structure. These are the reasons your business needs fraud risk assessment service. Such a service catches it fast before it ruins your business. Without internal controls and mechanism, your business will be eaten internally without you even noticing it.
Common risks include procurement fraud, money laundering, fake vendors, and payroll fraud. System misuse and conflict of interest are also big threats.
With a good service, finance, HR, procurement, IT, and payroll are reviewed for proper checks. We check approvals, access, and controls. If fraud could happen there, we assess it.
Involve your audit, compliance, and finance teams. Leadership support is key. Input from operations and procurement helps make it effective.
Every 1–2 years. More often if there’s growth, restructuring, or new regulations. Don’t wait for problems to show up.
It finds control gaps. It stops fraud before it starts. It gives you tools for fraud detection & prevention.
You stay exposed. Fraud can go undetected. You risk financial loss, damaged trust, and regulatory compliance issues.
We use interviews, data analysis, and risk mapping. Internal fraud often comes from weak controls. External fraud usually involves vendors or partners.
You’ll need to share policies, processes, access logs, and approvals. We guide you. It’s a smooth process with the right support.
We give you a detailed report. It includes a fraud risk register, risk scores, and clear recommendations. We also give a summary for senior management.
Start with high-risk areas. Fix weak controls. Launch training. Use data to track fraud risks going forward.
They’re not always mandatory. But they’re strongly encouraged. Especially if you operate in a regulated industry. They support regulatory compliance.
We follow strict confidentiality protocols. Only authorized team members access your data. Everything stays secure and private.
An internal audit looks at performance and controls. A fraud risk management assessment focuses only on fraud. Both are important—but serve different goals.
Yes. It supports your compliance risk assessment. It shows regulators that you take fraud seriously. It strengthens your internal audit function.
Why Choose ADEPTS
