Commercial Crime

Commercial Crime policies around the world are now becoming the norm rather than the exception, not just for multi-national corporations but for small to mid-size companies as well. We have handled numerous commercial crime claims worldwide which primarily fall into the following categories:

• Employee dishonesty
• Procurement and vendor frauds
• Theft of inventory
• Social engineering fraud

Sample Cases

• Multi-million USD loss of product inventory from a warehouse and distribution centre operated by a US company in Brazil.
• Embezzlement at a major hotel chain in Montreal, Canada.
• Internal frauds at a blue chip company in its operations in inter alia Scotland, Russia, Portugal, Belgium and Germany.
• Procurement fraud at a Bolivian airport involving the entire accounting department.
• Forged letter of credit issued to support the sale of a gaming subsidiary by a UK hotel chain.
• Pilfering of cocoa inventory from a warehouse in Tabasco, Mexico.
• Procurement fraud within international accountancy firm.