In May, the UK Ministry of Finance launched the Bounce Back financial assistance scheme, which provides loans of up to £ 50,000 to SMEs affected by the COVID-19 pandemic. As of this July, more than 1 million loans have been approved with a value of nearly £ 31 billion as...
What is General Data Protection Regulation (GDPR)? According to resources, GDPR is a rule regarding Data Privacy that is applied to all companies in the world that store or process personal data of the EU / European Union residents. The purpose of the GDPR is to provide better protection toward...
The beginning of 2020 added another black record for the Indonesian financial industry with the case of the violations of PT Recapital Sekuritas Indonesia. The company is proven to have violated the laws and regulations of the Capital Market field because the company submitted a misleading Adjusted Net Working Capital...
For many years, telephone-based whistleblowing system was considered to be the most popular complaint channel. In recent years, many companies have shifted to website-based whistleblowing. According to Report to The Nation 2020, the use of website-based whistleblowing system has fairly increased in just over two years by 11%, from 23%...
The COVID-19 pandemic has created new conditions and consequences in everyone’s daily lives, including businesses. The application of the Work From Home (WFH) policy has caused almost all business affairs to be controlled from home or online. The lack of face-to-face business processes and control has created a greater vulnerability...
Fraud can occur in companies from any field, both from profit and non-profit companies. According to Report to The Nation 2020, there are 23 industries that experience fraud cases, with the biggest fraud losses occurring in the mining industry — although there were only 26 reported cases of fraud, the losses have reached $ 475,000. There are at least three common...
After conducting fraud, the fraudsters would usually do everything they can to avoid suspicion. There are 4 top ways to cover up fraud, as reported by Report to The Nation 2020. All of these methods are related to documents; such as falsifying entire physical and electronic documents or by changing...
Bribery does not discriminate. It can occur in any organization or institution, including educational institutions. Ironically, educational institutions, which are supposed to be places for building characters and good morals, are damaged by individuals who commit acts of corruption, one of which is bribery. In October 2015, an Indonesian private university was caught to have conducted...
The Big Short film was adapted from a book of the same title by Michael Lewis in 2010. The book, which has been called the best business book for two decades by the New York Times, has been made into a film. The book is based on the true stories...
