Crime Risk Advisory

Crime Risk Advisory

Assisting clients in identifying weaknesses in their organizations that may provide opportunities for employees and syndicates to cause losses to the business.

Assess

Comprehensive evaluation of your organization's controls, processes, and vulnerability to commercial crime.

Identify

Pinpoint weaknesses that may expose your business to internal fraud, syndicate activity, and financial loss.

Advise

Deliver actionable recommendations to strengthen your defences and reduce commercial crime risk.

What & Why

WHAT IS BEING OFFERED AND WHY?

The commercial crime environment is becoming increasingly difficult to manage. With the current trajectory of occurrences of commercial crime in South Africa, it is likely that this class of business will become uninsurable within three years. Businesses need to become more proactive in monitoring and addressing this area of risk.

Crime Risk Advisory assists clients in identifying weaknesses in their organizations that may provide opportunities for employees and syndicates to cause losses to the business.

This risk management exercise is accepted by insurers and will assist the business in reflecting their proactive approach to managing the risk of commercial crime.

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combined experience
OUR SERVICES

Addressing Varied Risks

Other than the obvious risk pertaining to payments and some other areas within a business’s operations, most businesses have risks specific to their industry. This could be mining related, logistics and/or financial trading. Each assessment will be specifically planned to deal directly with the risk associated with the individual business. This may mean that we only focus on a specific area for example, “buying” in a mining environment or “stock control” in a logistics business.

Payment processes

Cash

Debtors

Stock control

Human resources

IT

Procurement

Audits

THE CONTENT OF THE RISK ASSESSMENTS

01

Detailed control evaluations

02

Industry-specific recommendations

03

Prioritised action plan

04

Gap analysis per focus area

05

Insurer-accepted documentation

06

Ongoing support & follow-up
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Jon-Kirsten Oberholzer