Counterfeit drugs, like jumped out of the skin, lurking increasingly in the market. Prices that are relatively cheaper than the original product shoot up the possibility of consumers consuming counterfeit drugs. Packaging is one of the primary markers used, besides price, to distinguish between genuine and counterfeit medicines. Unfortunately, it becomes...
The insurance world suffers substantial losses due to fraud annually. In America specifically, losses due to insurance crimes reach approximately 80 billion US Dollars each year. How about in other countries? According to a source, in 2015, more than 130,000 fraud cases related to insurance were reported in the UK. This number only scratches...
“Measure twice, cut once” is a well-known expression in the construction industry. However, this message applies just as much to the world of investment. Before making an investment decision, potential investors must ensure that they are putting their eggs in the right basket. Therefore, when it comes to investing, the...
The background screening process includes various types of checks, including employment and reference checks. These two verification processes are essential elements for anticipating one-sided claims that candidates make in their resumes. Facts vs claims: Seeing past the rose-tinted glasses Candidates often exaggerate the information they present in their resumes, including their competencies,...
The metaverse paves way for new commercial opportunities for businesses to reach customers. However, this new opportunity comes with risks: trademark infringement. In simple terms, the metaverse is a virtual world or a collection of interconnected virtual worlds that people can enter and interact with using technology. In this virtual world,...
A potential risk in the recruitment process is the possibility of hiring employees who have been involved in criminal activities. Criminal checks are required for job positions that are strategic in nature or involve public safety to ensure that prospective employees do not have a history of violations or criminal...
Engaging in business affairs with foreign companies can be challenging. This is particularly true when it comes to addressing concerns over their potential environmental and social impacts, accusations of unfair business practices, as well as competition with local companies. Thus, the European Commission’s Corporate sustainability due diligence, the US Foreign Corrupt Practices...
Photo: Integrity Asia and Ristiawan Suherman, President Director of CIMB Niaga Auto Finance. at IFSSS 2023 Integrity Asia, a company specialized in good governance and corporate risk management, participated in the “Indonesia Financial System Stability Summit 2023 (IFSSS): Stabilizing Financial System from the Global Economic Shockwaves” conference held on 23 February...
Employment background checks have been proven to be a front guard to mitigate the risk of fraud. From education, technology, medicine, agricultural fields, to political areas, this tool can help organizations save millions of annual costs due to misconduct. In the political field, employment background checks have proven to play a vital role...
Recruiting prospective employees is not an easy process. Companies need to know which prospective employees they can trust for specific positions and jobs. Incorrectly recruiting candidates results in serious consequences for a company—both financially and non-financially. One potential consequence that can arise, among others, is fraudulent behavior, such as corrupt and...
