admin, Author at Ahmad Alagbari Chartered Accountant

29 Aug, 22

DETECTING AND DETERRING ASSET MISAPPROPRIATION

What is Misappropriation of Assets? Asset misappropriation fraud involves third parties or employees in an organization who abuse their position to steal from it through fraudulent activity. It can also be known as insider fraud. Misappropriation can occur at any stage of routine business operations; before assets are recorded, while assets are being retained and […]

17 Aug, 22

SPOTLIGHT ON INVENTORY FRAUD WARNING SIGNS AND PREVENTIVE MEASURES

Inventory is one of the main targets of fraud. Some companies are more at risk than others for instance retail & manufacturing business are at high risk as inventory is typically the largest value of assets for retail and is huge portion of the asset for manufacturing businesses. However, for service companies with minimal inventory […]

15 Aug, 22

GUIDE TO SPOT INVOICE FRAUD AND ITS PREVENTION

Fraud can happen at any time and to any company. Do you know the ways to protect yourself and your business? Organizations throughout history, regardless of size, have been susceptible to some form of invoice fraud. Research reveals small and medium-sized businesses are at more risk of being targeted for invoice fraud. However, corporate giants […]

12 Aug, 22

KEY ELEMENTS OF EFFECTIVE AML TRANSACTION MONITORING

Transaction monitoring is a key part in the defense against money laundering and financial crime. It is the process of identifying and reviewing anomalous activity and transactions before deciding to report any suspicious activity to law enforcement. To conduct adequate transaction monitoring today, is an uphill battle on multiple fronts. Transaction monitoring success is critical […]

11 Aug, 22

DIAGNOSE HEALTH OF THE AML TRANSACTION MONITORING- WELLS FARGO UNIT FINED $7M FOR FAILURES

The requirement to undertake transaction monitoring evolved because of anti-money laundering (AML) legislation and its importance has been magnified and reinforced by increased regulatory attention and significant fines. Recently Wells Fargo unit fined $7M for AML transaction monitoring failures. For the second time in five years, a subsidiary of Wells Fargo has been charged by […]

09 Aug, 22

IDENTITY THEFT AND FRAUD AND HOW TO PREVENT THEM

Society’s growing reliance on technology to transfer private information has created more opportunities for identity thieves to access and misuse personal data. Cybercriminals are diversifying their targets and using stealthier methods to commit identity theft and fraud. There are three types of identity crimes we should know about: Lost or stolen personal information: when your information […]

04 Aug, 22

UAE CT REGIME: EXPECTED TRANSFER PRICING IMPACT, TP RULES, METHODS & DOCUMENTATION REQUIREMENTS

With the introduction of a corporate income tax. The UAE CT regime is expected to introduce TP rules and TP documentation requirements in line with the OECD TP Guidelines. What is Transfer Pricing? Transfer pricing refers to the prices of goods and services that are exchanged between companies under common control. For example, if a […]

02 Aug, 22

NEW DUBAI REAL ESTATE LAW TO BOOST PROPERTY INVESTMENTS

Property is a vital sector of Dubai’s economy that has been performing well. In June 2022, the Dubai real estate market recorded AED 22.7 billion sales – highest sales figures in the last 13 years – and reaching almost 71 percent of the total 2021 sales volume, according to Dubai Land Development (DLD) data revealed. […]

28 Jul, 22

GUIDE TO INVOICE DISCOUNTING

What is Invoice Discounting? Invoice Discounting refers to the form of the invoice financing where the businesses borrow the money in the form of a loan from the finance company by keeping the amounts due from customers as the collateral, i.e., accounts receivable from the customer is used as the collateral for the loan and […]

27 Jul, 22

WHY AND WHEN TO DO CHEQUE DISCOUNTING

WHY AND WHEN TO DO CHEQUE DISCOUNTING? Are your cheques drawn from reputable organizations? Do you need to boost your liquidity for sustained operations in your business? Cheque discounting solution enables you to access cash for your business requirements while you wait for your cheque(s) to clear. In today’s business environment, high liquidity is particularly […]

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DETECTING AND DETERRING ASSET MISAPPROPRIATION

SPOTLIGHT ON INVENTORY FRAUD WARNING SIGNS AND PREVENTIVE MEASURES

GUIDE TO SPOT INVOICE FRAUD AND ITS PREVENTION

KEY ELEMENTS OF EFFECTIVE AML TRANSACTION MONITORING

DIAGNOSE HEALTH OF THE AML TRANSACTION MONITORING- WELLS FARGO UNIT FINED $7M FOR FAILURES

IDENTITY THEFT AND FRAUD AND HOW TO PREVENT THEM

UAE CT REGIME: EXPECTED TRANSFER PRICING IMPACT, TP RULES, METHODS & DOCUMENTATION REQUIREMENTS

NEW DUBAI REAL ESTATE LAW TO BOOST PROPERTY INVESTMENTS

GUIDE TO INVOICE DISCOUNTING

WHY AND WHEN TO DO CHEQUE DISCOUNTING

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