Spanish Chamber of Commerce in the United Kingdom

Etiqueta: Haymarket Risk Management

HOW TO DETECT AND INVESTIGATE CORPORATE FRAUD

On Wednesday 29^th March, the Spanish Chamber held the seminar “How to Detect and Investigate Corporate Fraud” in collaboration with Haymarket Risk Management, member of the Chamber.

On this occasion, Tom Newman from the Spanish Chamber of Commerce, received attendees on behalf of our institution and introduced the speakers from Haymarket: Geoff Chalder, Divisional Director International Crime, Patrick Madden Divisional Director Forensic and Managing Director, Richard Kusnierz, Divisional Director Advanced Investigative Data Analytics.

Geoff Chalder started showing attendees the impact of the Corporate Fraud in the UK in terms of business losses and number of fraud incidents, as well as undetected fraud cases.

After this brief introduction, Patrick Madden explained to the audience how computer forensics and data analysis are both used to Detect and Investigate Fraud. Moreover, he explained the impact and damage caused in business reputation due to these practices and mentioned some of the main existing threats, such as payroll fraud or procurement fraud. Once he finished his speech some attendees wanted to ask some interesting questions to the speaker.

Then Richard Kusnierz explained the different database sources and he focused on preservation and detection of data highlighting the detection of fraud in advanced data analytics. In this sense he also wanted to share with us some cases studied to understand the developed topic.

Summing up, Haymarket’s Divisional Director of International Crime Geoff Chadler summed up by explaining that fraud is a massive risk for any business and to focus on three essential points to fight against fraud as detection, prevention and investigation.

The event then moved on to the Q&A session, where the representatives of Haymarket responded to all the questions from the attendees. Once the session finished, participants could enjoy an interactive networking breakfast while sharing thoughts and discussing further all the ideas covered in the talk.

If you want to find out other activities that the Spanish Chamber of Commerce is organising, we encourage you to keep an eye on our UPCOMING EVENTS section within our website. In addition to this, you can also subscribe to our weekly newsletter in order to receive updates with our events.

05/04/2017
ELEVATOR PITCH | XXVIII EDITION

On Thursday 1^st December, we held the XXVIII edition of our Elevator Pitch networking event. On this occasion the event took place at the Mayfair premises of Lloyds Bank, Patron of the Spanish Chamber, who kindly hosted our guests.

Mr. Joe Street and Mr. Amit Varia, from Lloyd’s, kindly welcomed attendees upon arrival and made sure everything was ready for another edition of this successful format.

Attendees had the opportunity to network before the presentations round started.

The event was chaired by Jesús Agra, our Foreign Trade Manager and Cristina Carmona, Head of Corporate Relations and Communication of the Spanish Chamber of Commerce. After reminding attendees the dynamics of this format, the round of presentations kicked off, with our host Joe Street starting the proceedings.

After Joe’s presentation, each attendee had 2 minutes to give a concise introduction about their company’s main line of activity and services they provide. After this, there was a second round where everyone had the opportunity to ask questions to the rest of participants. After the round of questions was finished, everyone had the opportunity to chat and continue networking over breakfast without time constraints.

Representatives from the Spanish Chamber of Commerce and Lloyds Bank welcomed the attendees.

Should you be interested in joining the next edition of this networking event, there are just a couple of things you need to know: Usually there are up to 16 participant companies, and only one representative per company is allowed. However, it is possible to have up to two companies from the same business sector. Therefore, attendees are able to meet a wide variety of companies from different sectors and exchange their business cards.

On this occasion, a wide variety of sectors were represented among the 12 companies that were in attendance at this edition: De España a Londres (Relocation services), E-Lixir Consulting (Digital Communication), DLF Mobility (Transport of goods, Storage and Handling goods), EY (Business Consultancy Services), Lloyds Bank (Banking and Financial Services), Haymarket Risk Management (Business Consultancy Services), Kuorum (Online Database Services), Milingual (Language Services), My New London Property (Relocation Services), Norte by Bilbao Berria (Bar, Restaurant and Catering Services), Paradox Partners (Education, Training and Learning) and Spanish in Nature (Language Services).

Each participant introduced their company in 2 minutes to the rest of the audience.

As always we would like to thank all the professionals who joined us on the last edition of the Elevator Pitch in 2016 and our gratitude to our Patron Lloyds Bank for kindly hosting the event and welcoming us.

If you missed this event or simply want to know what we are up to next, have a look at the UPCOMING EVENTS section on our website or subscribe to our electronic newsletter for weekly updates.

08/12/2016
BREAKFAST SEMINAR “FRAUD: MANAGING THE RISK TO YOUR BUSINESS”

On Tuesday 2^nd February, the Spanish Chamber held the seminar “Fraud: Managing the Risk to your Business” in collaboration with Haymarket Risk Management, member of the Chamber.

On this occasion, our Secretary General, Igor Urra, received attendees on behalf of our institution and introduced the speakers from Haymarket: Brian Mearns, Managing Director, Richard Kusnierz, Divisional Director Advanced Investigative Data Analytics and Geoff Chalder, Divisional Director International Crime.

From left to right, the speakers from Haymarket Risk Management: Richard Kusnierz, Divisional Director Advanced Investigative Data Analytics, Brian Mearns, Managing Director and Geoff Chalder, Divisional Director International Crime.

To kick off, Brian Mearns talked about the role played by Haymarket in order to help other companies to fight against fraud and revealed the three main aspects that compose a proper Fraud Response Plan, which would be covered during the session: prevention, detection and response and investigation .

After this brief introduction, Geoff Chalder went on to show attendees the size of the problem in the UK in terms of business losses and number of fraud incidents, as well as undetected fraud cases. Moreover, he explained the impact and damage caused in business reputation due to these practices and mentioned some of the main existing threats, such as payroll fraud, procurement fraud, theft of goods or money and bribery and corruption.

Regarding these threats, Brian Mearns discussed real cases where internal employees and known relationships were involved; demonstrating how difficult is for companies to be aware of fraud existence.

The organizers of the seminar: Haymarket Risk Management and the Spanish Chamber of Commerce in Great Britain.

After that, Richard Kusnierz explained the two first stages of the Fraud Response Plan: prevention and detection. In this sense, he emphasized that it is essential to understand the data and evidence available by having a pre-screening of employees and business partners as well as an internal audit and controls.

To conclude the seminar, Haymarket’s Managing Director Brian Mearns focused on the response and investigation stage after the existence of fraud has been detected. He also commented on the relevant aspects about data protection in both the United Kingdom and the European Union before summing up the main topics the different speakers had covered.

The event then moved on to the Q&A session, where the representatives of Haymarket responded to all the questions from the attendees. Once the session finished, participants could enjoy an interactive networking breakfast while sharing thoughts and discussing further all the ideas covered in the talk.

Once the talk had finished, attendees had the opportunity to network and exchange their opinions about the session.

If you want to find out other activities that the Spanish Chamber of Commerce is organising, we encourage you to keep an eye on our UPCOMING EVENTS section within our website. In addition to this, you can also subscribe to our weekly newsletter in order to receive updates with our events.

05/02/2016
WOULD YOU LIKE TO PREVENT FRAUD IN YOUR BUSINESS?

Even with the continuous measures carried out by companies to prevent it, fraud continues being one of the main threats for companies all around the world, regardless of size, sector or country.

It is an increasing risk to businesses. This risk is especially high for new businesses, or when entering into new markets or new ventures with untested associates. In addition, fraud can destroy your business, damage your reputation, cause huge financial loss, and have a negative impact on staff and client confidence.

At the same time, according to the former National Fraud Authority, fraudsters are incredibly inventive. They use a wide variety of means to target their victims and their single ambition is to deprive their victims of money without any concern for their well-being. In fact, according to the same source, the annual loss to the UK economy from fraud has reached £52 billion.

Managing the risk of fraud contributes to succeed in your business.

In order to help our members to prevent these kind of practices in their relationships with another companies, we are joining forces with Haymarket Risk Management Ltd, member of the Spanish Chamber, with which we will be organising the seminar “Fraud: Managing the Risk to your Business” on Tuesday 2^nd February at our premises on Wigmore Street.

This seminar is aimed at anyone who wants to reduce the possibilities of being a victim of fraudsters or, at least, to know further information about some key types of fraudulent attack, common methodologies, and actions that business managers may consider to prevent fraud and mitigate the risk to their business.

Places are very limited and they will be offered free of charge for members. The full details of this activity, along with the registration form, can be accessed by clicking here.

Don’t miss the opportunity to fight against fraud!

19/01/2016

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