Fraud Monitoring and Prevention Advisory

Fraud risk assessment and fraud risk management in the UAE

Fraud in the financial services industry poses a significant risk to institutions and the integrity of capital markets. Its effects can be widespread and cause not only long-term financial but also reputational damage. It is vital that Licensed Financial Institutions protect themselves against the significant risks that exist and implement robust anti-fraud systems and controls to counter such risks and maintain market confidence.

Forensic data analytics, fraud monitoring and prevention services

At BDO we provide end-to-end advisory in relation to fraud monitoring and remediation services to our clients. Our key services include:

• Forensic data analytics and fraud investigations support.
• Rule effectiveness reviews, optimisation and recalibration.
• Anti-Fraud Framework Reviews and Enhancements.
• Continuous fraud monitoring and exception management.
• Transaction monitoring and behavioural analytics.
• Alert management and Threshold Reviews.
• Enterprise-wide fraud risk assessments.
• Continuous control monitoring and fraud risk intelligence dashboards.