Fraud Investigation, Prevention, and Compliance
We address employee misconduct cases with the dimensions of perpetrator, method, damage and organizational vulnerability, and provide evidence-based reports suitable for administrative and judicial proceedings.
What is Fraud Investigation?
Fraud investigation is an evidence-based response to an unexpected suspicion; its purpose is to determine how the violation occurred, by whom, and from which system vulnerability it originated.
Fraud investigation is an independent investigation that investigates allegations of unfair gain through abuse of trust and authority in companies. Its purpose is to eliminate weaknesses in the internal control mechanism, prevent financial losses and protect the reputation of the organization. A holistic investigation of data, documents and employee statements by independent experts is critical.
Why Fraud Investigation and Prevention is Critical for Companies?
According to ACFE (Association of Certified Fraud Examiners) data;
Companies lose at least 5% of their turnover every year due to employee misconduct, i.e. fraud cases. The loss is not only financial, but fair competition, corporate sustainability and reputation are also severely damaged. At least one in every 20 organizations is currently engaged in active misconduct!
In today’s world of economic uncertainty and sociocultural decay, employee misconduct is more prevalent than ever before and continues to cost companies exponentially.
To what extent does your organization allow for fraud?
The question is not only “is there misconduct in the organization?”; the extent to which the organizational structure is open to misconduct is at least as critical as the previous question. This is because internal misconduct cases are often the result of corporate governance weaknesses, organizational culture, internal control and audit deficiencies, rather than a personal employee error.
For this reason, Prosecure’s fraud investigations are not limited to focusing on the perpetrator and the case at hand; we also aim to expose potential risk areas and identify systemic weaknesses.
The most professional corporate reflex in the face of an allegation of fraud is to uncover the truth ethically and as quickly as possible.
Every act of misconduct begins with a small inconsistency. Each day of delay multiplies the rate at which the loss grows. The way to protect your organization is to clarify suspicions before they escalate.
By evaluating your suspicions about your organization within the scope of our ‘fraud risk simulation’*, you can get a preliminary assessment of your current risk level.
Measure Your Risk Level with Prosecure Fraud Risk Simulator
Prosecure Fraud Risk Simulator is a scientific data-based risk assessment platform developed by our investigation specialists for organizations, based on ACFE criteria , aiming to make internal and employee-related fraud risks visible.
The platform helps you analyze at an early stage which processes, roles and control points of your corporate governance structure are vulnerable to misconduct before misconduct incidents occur in your organization.
It should not be forgotten that detecting and investigating internal fraud signals at an early stage is the most effective way to control financial and reputational gates before they grow.
The Fraud Risk Simulator enables you to understand your organization’s current level of risk, prioritize areas of potential vulnerability, and provide concrete recommendations on where you need to take due diligence and preventive action before launching an in-depth independent investigation. In this way, companies can make more effective and measured decisions by focusing their resources on the most critical risk areas.
The most professional corporate reflex in the face of an allegation of fraud is to uncover the truth ethically and as quickly as possible.
Every act of misconduct begins with a small inconsistency. Each day of delay multiplies the rate at which the loss grows. The way to protect your organization is to clarify suspicions before they escalate.
By evaluating your suspicions about your organization within the scope of our ‘fraud risk simulation’*, you can get a preliminary assessment of your current risk level.
Fraud Risk
Simulator
How does it work?
1. Collection of Data and Indicators
Critical risk indicators related to organizational structure, processes and human factors are pre-assessed based on existing documents, process definitions and limited data sets. The aim is to identify key signals associated with fraud risk at an early stage.
2. Analysis and Modeling of Risk Areas
The collected data is analyzed in the light of fraud scenarios and sectoral references. At this stage, a holistic risk model reveals which processes, roles, or control points of the organization are more vulnerable to fraud.
3. Prioritization and Roadmap Development
Analysis results are prioritized according to impact and probability criteria. By creating an organization-specific risk map, a clear roadmap is presented on which areas require in-depth examination or preventive action.
To use Prosecure Fraud Risk Simulator for free, please fill out the Contact Form.
Simulator link will be sent to your email address.
* A data-driven pre-assessment approach that makes potential fraud risks visible at an early stage.
Value Propositions
Investigative methods developed by a founding leader, a graduate of the FBI National Academy, taking into account ACFE criteria, completely tailored to our company.
25+ years of proven public and private sector experience in White Collar Crime, Skilled Fraud and Anti-Money Laundering.
Investigation processes personally managed by Senior Leadership from start to finish.
Advanced investigative methods tailored to each individual misconduct case.
Reporting that is appropriate for administrative and judicial proceedings and complies with legally admissible standards of evidence.
Each fraud investigation conducted at Prosecure is initiated, executed and finalized under the operational leadership of Hasan Alsancak.
The entire process and management presentation – from the initial interviews to the submission of the final report clarifying the suspicion – is handled single-handedly by a single senior leader and investigation team. No case file is handed over to other experts upon receipt.
Every fraud incident develops with different dynamics and no two cases are the same. For this reason, Prosecure investigates each case using case-specific methods, not standard templates.
Highlights of our Fraud Investigation, Prevention and Compliance
FBI Based Investigation Methodology
Through FBI investigative techniques, ACFE standards, cross-examination and AI-powered data analysis tools, the perpetrators, motivation, methodology, internal control weaknesses exploited and financial impact of the alleged fraud are examined in detail.
Chain of Evidence
Documents, data, financial records, and statements are protected in a legally admissible manner; every step in the chain of evidence is recorded. The findings obtained serve as ‘preliminary evidence’ for judicial investigation. It provides a legal basis for administrative and judicial processes.
Management Focused Reporting
Complex investigation methods and findings are reported to management in a simple, systematic and feasible action plan, without getting bogged down in technical jargon. The reports also clearly identify areas for improvement and development.
Assessing internal fraud signals at an early stage is the most effective way to contain financial and reputational damage before it escalates. An independent fraud investigation clearly identifies risks and enables you to take the right actions in a timely manner, preventing further losses for your organization.
Frequently Asked Questions
What is the difference between Fraud Investigation and Internal Audit?
Internal audit is a systematic assurance activity that assesses the compliance of processes with policies, procedures and legislation through pre-planned controls.
A fraud examination is a structured and professional investigation process initiated on a specific suspicion or allegation, in which the relevant act is investigated based on evidence.
The main purpose of this process is to uncover by whom, by which methods, and what control or system weaknesses resulted from the fraud.
Why should misconduct cases always be investigated by independent investigators?
According to ACFE, a significant proportion of fraud cases are related to internal control weaknesses, management pressure and abuse of authority. In an environment where fraud itself is fed by internal relationships, conducting the investigation within the same relationships may cause the risk to reproduce itself. For this reason, the ACFE recognizes the principle of an independent investigator as a de facto standard requirement in internal fraud cases.
In addition, the inherent limitations of in-house teams, hierarchical pressures, potential conflicts of interest and perceptual biases can lead to incomplete, delayed or inaccurate handling of misconduct cases. These structural risks are particularly pronounced where the cases under review are directly linked to internal relationships.
What are the red flags that signal misconduct in an organization?
1) Behavioral Indicators
- Standard of living that cannot be explained by income level
- Overtime, not taking mandatory vacations
- Resistance to internal control and audit processes; defensive, aggressive attitude
2) Financial Indicators
- Recurring billing discrepancies,
- Unauthorized transfers, cash shortfalls, or adjustments
- Continuous/single source orientation to the same suppliers, unexplained differences in price breakdown
3) Operational / Systemic Indicators
- Unauthorized access attempts, log deletion or frequent changes in access authorizations
- Collection of request-approval-payment steps in the same person (concentration of authority)
- Spike in file downloads/sharing, external email redirects
What should be the first step when an allegation of misconduct arises?
Can the results of misconduct investigations be used as evidence in the judicial process?
In fraud investigations, evidence is collected in accordance with chain of custody principles, preserved in a lawful manner and, when necessary, used as preliminary evidence in criminal or labor law proceedings.
Prosecutors and judges may request that this preliminary evidence be recollected in accordance with judicial procedures, but these findings are among the key references that determine the direction and influence the pace of investigations and prosecutions.
In any event, the findings of a fraud investigation are critical elements that directly affect both the speed and the final outcome of judicial and administrative proceedings.
