There are many reasons that entities wants to investigate factual circumstances and events. The reason for this is, for example, a suspicion that the entity has been subject to financial crime or other fraudulent activities.
The outcome of an investigation may have major impact or consequences for the business, individuals involved in the investigation, and for other affected third parties. Those conducting the investigation, must ensure that all parties involved are taken care of, and that the process is carried out within the framework of the law. It is therefore important that the investigation is carried out by qualified personnel with expertise in the field. Additionally, the persons conducting investigations must have knowledge about relevant investigations, where the information could be located, and whether it concerns information in electronically stored information, physical documentation or through interviews with people.
No entities can secure themselves 100% against breaches or serious violations. Investigations of suspected breaches of law, require good knowledge and insight on the subject, to ensure that the business makes the right decisions when the suspicion becomes known. We are often engaged by the management of the entity to provide advice and guidance on how such investigations should be organized and executed.
Some questions the management should ask when the suspicion arises, are:
What is the risk associated with the suspicion?
How can values be secured?
What information should be given to the management, the board or other affected third parties?