The circulation of counterfeit drugs has reached pharmacies in the Jakarta, Bogor, Tangerang, and Bekasi (Jabodetabek) areas. The National Food and Drug Agency (Badan Pengawasan Obat dan Makanan/BPOM) found that counterfeit drugs are repackaged products. "The perpetrators obtained the sources of the repackaged drugs by buying generic drugs and collecting expired...
One of many advantages offered by peer-to-peer (P2P) lending is its lending process, which is relatively faster compared to conventional banks. Many people might wonder why the process can be faster and if the process is done properly to prevent potential frauds. Due diligence process, including KYC, is an obligation for...
Fraud is a growing problem for financial services, including the domain of financial technology (fin-tech). Through P2P lending services, fintech provides benefits that can never be provided by conventional bank institutions. One of the benefits is connecting borrowers and lenders on an online platform so that almost all investments and...
Corruption is one of the most serious problems faced by the people and government of Malaysia. The country’s widespread corruption has tremendously resulted in the deterioration of its image, which heavily impacts investors and their prospects of doing business in the country. In recent years, the Malaysian government is jarred by...
Fake diploma is nothing new in Indonesia. Just recently, the public was shaken by a case involving Nurul Qomar, a public figure who served as a member of the House of Representatives. Nurul Qomar was reported by the owner of Mahudi Setiabudhi Foundation over an alleged forgery of his master...
Have your companies put internal controls in place? Internal control is closely related to the occurrence of fraud in a company as mentioned in a report released by ACFE in 2014: as many as one-third of fraud cases are caused by ineffective internal controls. Having internal controls in place is not...
