Antifraud Investigations

Anti-fraud investigations are aimed at investigating and collecting evidence of fraud that has taken place or could take place. The ultimate purpose of the anti-fraud investigation service is to identify the elements that led to fraud, to detect and improve the effects of the fraud produced.

Fraud is an act of bad faith, a deception committed in order to obtain material profit, by infringing one’s rights or misleading one’s trust.

Compared to individuals, companies are much more exposed to fraud because the material benefits obtained from their fraud can be very high. Companies and organizations without sound fraud management models can more easily fall victim to these practices. That is why it is imperative to conduct anti-fraud investigations and to set anti-fraud protection practices.

The types of anti-fraud investigations described below, each with specific methodologies, are just a few examples of industries that are very often exposed to fraud.

The truth is, however, that no company in any industry is fully released of the risk of fraud. Based on their experience, SPIA’s specialists can address and investigate any threat of fraud looming over a company, even if the field in which it operates is not listed below.

One of the most exposed industries is insurance. Anti-fraud Investigations in Insurance aim to investigate customers and insured events, investigations into the veracity of declared events and documents submitted, investigations into damage cases involving injuries and/or deaths, investigations into the history of vehicles by analysing damage records per vehicle or specific activities for locating and/or identifying vehicles declared to have been involved in traffic events. Insurance fraud and fraud are among the biggest issues this industry is facing. As such, the insurance fraud investigation service is a crucial defensive line, in order to identify and eliminate illegalities specific to the insurance field.

Corporate Anti-fraud Investigations aim at investigating and preventing unfair competition, including from employees. Large companies and corporations are preferred targets for fraud because of their high earning potential in the event of successful fraud. In addition, complex corporate structures often ensure that the perpetrator disappears without a trace, following the perpetration of a crime.

Anti-fraud Investigations can also be conducted in Agriculture, M&A (Merger & Acquisitions), to identify and prove smuggling and counterfeiting, to Fight Against and Prevent Money Laundering and Corruption.