Intellectual property (IP) infringements remain a persistent challenge for businesses worldwide, encompassing various illicit activities such as the distribution of counterfeit medicines, falsified ingredient labels on medications, e-book piracy websites, and the proliferation of imitation designer shoes. Recognizing the gravity of this issue, the Office of the United States Trade Representative...
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...
More and more organizations are utilizing third parties to increase efficiency. One of the ways they are doing this is by working with outsourcing companies to meet the human resource needs for business support activities. In principle, outsourcing companies take over processes that are not related to the core business...
According to the ACFE's Report to the Nations 2022, the whistleblowing system detected 42% of the fraud cases studied and enabled early detection. According to the research, the system is the most effective when compared to other detection tools. Its efficacy, however, may only be achieved if the organization adopts policies...
