Regulatory Enforcement 2023’s Biggest Financial Scandals: The Crumbling Houses of Cards The Green Hyena, 26/12/202331/12/2023 Looking back at 2023, we can conclude that it was – again – a year like no other in the world of white collar crime. The year is filled with eyebrow-raising financial scandals and interesting new pieces of guidance and enforcement actions. In this article, we take a deep dive… Continue Reading
Regulatory Enforcement The Green Hyena’s 2023 Watch: Key Fraud Trends and Developments The Green Hyena, 23/12/202331/12/2023 Today, the 31st of December 2023, marks the final day of the year. We naturally look back at the past year and take our lessons to be learned. This moment of reflection is especially significant for us at The Green Hyena, as 2023 marked the year of our establishment. Just… Continue Reading
White-Collar Crime Beyond Balance Sheets: Why Fraudsters Love Related Party Transactions The Green Hyena, 21/12/202327/12/2023 Related party transactions are the preferred modus operandi for organisations involved in fraudulent financial reporting. But also swindling managers and employees aiming to misappropriate company assets have a preference for related parties. That fraudsters love related party transactions becomes immediately clear by just looking at major corporate scandals over the years. One key reason for using related parties is the opportunity it provides to control and manipulate both sides of a transaction while concurrently concealing the true nature of such transactions. Lets have look on how fraudsters use related party transactions and how you can spot the rot. Continue Reading
Monthly Picks The Dark Side of ESG and the Energy Transition The Green Hyena, 15/12/202317/12/2023 As we approach the holiday season and the start of 2024, it is the perfect moment for reflection and forward planning. You might even be thinking of setting goals for the new year. Considering recent events, such as the Climate Summit in Dubai, the implementation of the Corporate Sustainability Reporting… Continue Reading
White-Collar Crime Fight Corruption, because it is the right thing to do The Green Hyena, 09/12/202309/12/2023 Today, 9 December, marks the international anti-corruption day. As every year on international anti-corruption day, our e-mail boxes, newsletters and LinkedIn feeds are flooded with messages and stories about bribery and corruption. Although such wave of information on this topic creates the very much needed attention, we see it often… Continue Reading
White-Collar Crime Unwrapping Bribery and Corruption: a home renovation in return? The Green Hyena, 03/12/202304/12/2023 Last week we published an article in the “How They Do It” series about bribery and corruption through travel and entertainment. The following day, the United States Attorney’s Office published a press release regarding their latest enforcement action. The case shows a different way in which bribes can be paid… Continue Reading
White-Collar Crime How They Do It: Bribery and Corruption Through Travel and Entertainment The Green Hyena, 29/11/202330/11/2023 Getting involved in a bribery and corruption scandal is a risk for every organisation, regardless geography and industry. Although some industries or geographies are more prone to bribery and corruption risks, it is something that can happen everywhere. Bribery and corruption cause massive harm to societies and economies, undermining the… Continue Reading
White-Collar Crime Another ICIJ exposure: the Cyprus-Russia Financial Nexus The Green Hyena, 17/11/202322/11/2023 The recent “Cyprus Confidential” report by the International Consortium of Investigative Journalists (ICIJ) and Paper Trail Media has revealed a deep financial connection between Cyprus and Russian billionaires. This investigation used over 3.6 million leaked documents to uncover how Cyprus has become a key location for Russian oligarchs to store… Continue Reading
White-Collar Crime Understanding Fraudsters Goes Beyond Stereotypes: Why Profiling Fraudsters is Useless The Green Hyena, 15/11/202310/01/2024 In the world of fraud detection we often come across the notion of profiling fraudsters to anticipate and prevent fraud. However, the practice of categorising fraudsters into specific profiles, might be misleading and, in many ways, ineffective. We are of opinion that such profiles makes us focus on the wrong… Continue Reading
White-Collar Crime How They Do It: Bribery and Corruption Through Agents and Intermediaries The Green Hyena, 13/11/202312/12/2023 Involvement in bribery and corruption is a risk for every organisation, regardless geography and industry. Although some industries or geographies are more prone to bribery and corruption risk, it is something that happens everywhere. Bribery and corruption cause enormous harm to both societies and economies, undermining the trust that sustains… Continue Reading