White-collar crime on the rise

For those who work in compliance, what two key things has coronavirus made much harder?

Communication and attending the office

Communication and evidence-gathering for the enquiry process

Going to the offices of those being investigated and evidence-gathering

Conference calls and physically archiving key documents

What have respondents to enquiries found it very difficult to provide?

The required number of investigators

Remote working technology for investigations

Office space for investigators

Required answers and documents within the required time or at all

Which of the following has not so far been imperilled as a result of coronavirus?

Existing compliance programmes

Investigative due diligence

Experienced staff numbers

In-person training

What might companies shift their focus to instead of white collar crime and compliance?

A furlough or loan support scheme

Their supply chain

Struggling operations

Sourcing new, smaller premises

Which of the following is not a reason why white-collar crime may be more prevalent during times of economic crisis?

Because of rapid disbursements of cash stimulus

Because of backlogs in the courts

Because of delays in enforcement activities

Because people are concerned about infection rates

Why has disruption to supply chains increased the risk of bribery and corruption?

Because there are many more new people working in some supply chains

Because critical items have become scarce

Because more people have lost their jobs and are turning to crime

Because crime always increases during an economic downturn

Which of the following is the best definition of a grey market during coronavirus?

A market where participants are testing the bounds of what is legal

A market in which business functions may resort to improper conduct in an attempt to obtain items, commit fraud or misaccount

A market that is less easy to track down and prosecute than the black market

A market that has some legal elements

Which of the following is not an appropriate way for companies to prepare for the possibility of increased white-collar crime?

Document decisions to modify compliance initiatives

Stress-testing existing compliance procedures

Presuming that government will bail them out and pouring their time and attention into supply chain or staffing issues

Put whistleblowing hotlines in place

Which of the following illegal actions has not already been seen by compliance experts?

Insider trading

Invoice-type fraud

Sale of work from home technology by employees not in the office

Fraudulent transactions

Which of the following activities is it not recommended that accountants undertake to combat white-collar crime?

Cut compliance staff and write down losses to white collar crime in 2020

Understand in the first instance what activities are susceptible to fraud

Challenge inconsistent or unsupportable assertions

Dig deeper into suspicious activities or results

White-collar crime on the rise

For those who work in compliance, what two key things has coronavirus made much harder?

What have respondents to enquiries found it very difficult to provide?

Which of the following has not so far been imperilled as a result of coronavirus?

What might companies shift their focus to instead of white collar crime and compliance?

Which of the following is not a reason why white-collar crime may be more prevalent during times of economic crisis?

Why has disruption to supply chains increased the risk of bribery and corruption?

Which of the following is the best definition of a grey market during coronavirus?

Which of the following is not an appropriate way for companies to prepare for the possibility of increased white-collar crime?

Which of the following illegal actions has not already been seen by compliance experts?

Which of the following activities is it not recommended that accountants undertake to combat white-collar crime?

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