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Anti-Fraud Framework & Fraud Prevention Services

Know where fraud can happen, strengthen your controls and protect your business before losses occur.

Request a Fraud Risk Assessment

    About Our Anti-Fraud Framework Advisory

    Most fraud does not begin with an obvious criminal act. It may start with a shared password, an invoice approved without enough checks or an employee who has more system access than the role requires.

    Our anti-fraud framework advisory looks at the way your organisation handles money, information, approvals, employees and third parties. We consider what could go wrong, how someone might take advantage of a weak process and whether your current controls would spot the activity in time.

    We check whether responsibilities are understood, controls are being followed and warning signs reach the right people.At the end of the review, you will know where your main fraud risks sit, which controls need attention and what should be done next.

    Anti-fraud introduction

    What Our Anti-Fraud Framework Reviews

    The review focuses on the parts of your business that influence how fraud is prevented, detected and handled.

    1. Oversight, Policies and Responsibility

    Fraud prevention needs visible support from the board and senior management. If responsibility is spread across several departments without clear ownership, concerns can be missed or passed from one team to another. We review who owns fraud risk, how incidents are escalated and what information reaches senior management. We also examine your anti-fraud policy, code of conduct, conflict-of-interest rules, whistleblowing arrangements and disciplinary process. Where something is missing or unclear, we help rewrite it. The aim is straightforward: employees should know what is expected, managers should know what they are responsible for and serious concerns should reach the right decision-maker quickly.

    2. Fraud Risks and Internal Controls

    Every business faces a different mix of fraud risks. A control that works for a small professional firm may be completely unsuitable for an exchange house, property business or large trading company. We examine the transactions and processes that matter most to your organisation. These may include procurement, supplier payments, payroll, employee expenses, refunds, inventory, customer accounts and access to sensitive systems. We then consider the ways each process could be misused. Could one person create and approve the same payment? Can supplier details be changed without an independent check? Are dormant user accounts still active? Are reconciliations completed properly or simply signed off? This allows us to assess whether your controls deal with real fraud scenarios rather than theoretical risks.

    3. Detection, Investigation and Response

    Even a well-designed control can fail. Your business therefore needs a reliable way to recognise unusual activity and deal with it before the damage grows. We review how your teams use transaction alerts, exception reports, account reconciliations, system logs and whistleblowing reports. We also check who receives these warnings and what happens after a concern is raised. When an allegation is serious, the response must be controlled. Evidence needs to be protected, interviews must be handled carefully and decisions should be documented. We help establish a clear process for assessing allegations, conducting investigations and escalating findings. The response plan can also address reporting to relevant authorities, disciplinary measures, insurance claims, legal action and attempts to recover losses.

    Our Approach

    We keep the process focused. The purpose is to understand how your controls work in practice—not to produce a long report that no one uses.

    1
    Understand the Business

    We begin with your operating model, key transactions, systems and internal responsibilities. We also discuss previous incidents, audit findings and any concerns already raised by management. This first stage helps us focus on the areas where fraud would have the greatest effect.

    2
    Examine the Controls

    Our advisors speak with the people who manage the relevant processes. We review policies, approval records, reports and other supporting evidence. Where appropriate, we walk through transactions from beginning to end. This often reveals gaps that are not obvious from reading a policy alone.

    3
    Decide What Matters Most

    A missing document and an approval weakness that could allow an unauthorised payment are not equal findings. They should not be treated as if they are. We rank each issue by considering how easily it could be exploited, the possible loss, the wider business effect and the strength of any controls already in place.

    4
    Set Out the Next Steps

    You receive a clear improvement plan showing what needs to change and which issues should be handled first. Recommendations are written with implementation in mind. They identify the action required, the expected owner and a sensible timeframe. If needed, we can stay involved while your team puts the changes into practice.

    Who Are Our Anti-Fraud Framework & Fraud Prevention Services For?

    Banks and Financial Institutions
    Exchange Houses and Money Service Businesses
    Designated Non-Financial Businesses and Professions
    Retail and E-commerce Companies

    Ideal for financial institutions and businesses that need to spot fraud early, strengthen controls, and meet compliance requirements.

    Why Choose Vertex Compliance?

    We Look Beyond the Policy

    Most companies have a fraud policy. The harder question is whether people follow it when they are busy or if something unusual happens. We look at real approvals, transactions and decisions, then check where everyday practice differs from what the policy says should happen.

    We Focus on Your Business

    Fraud does not look the same in every business. A company handling customer payments faces different risks from one managing suppliers or large internal expenses. We learn how money and decisions move through your organisation, then focus the review on the places where things could go wrong.

    We Keep Recommendations Practical

    There is little point recommending a control your team cannot keep up with. We consider who will do the work, how much time it takes and what systems you already use. The aim is to give people a clear process they can follow every day.

    We Understand the UAE Environment

    Your location and business activities shape the rules you need to consider. We review your controls in the context of how you operate in the UAE. If you work in DIFC or ADGM, we can take the requirements relevant to your business into account.

    Meet the Experts

    Sarah Khan
    Vasantha Madan Mohan

    Managing Director

    Sarah Khan
    Sridhar Rajam

    Associate Partner

    Sarah Khan
    Arjun Mohan

    Director – Sales & Marketing

    Frequently Asked Questions

    AML compliance focuses mainly on money laundering, terrorist financing and related financial crime obligations. Fraud prevention deals with a wider range of misconduct. This can include employee theft, false invoices, payment manipulation, procurement abuse, expense fraud, conflicts of interest and misuse of customer or company data. The two areas can overlap, but one should not be treated as a substitute for the other.
    Yes. We can review your existing policies, controls, responsibilities and reporting arrangements. We also check how the framework works in practice. A policy may look complete but still fail because employees do not understand it, approvals are bypassed or no one follows up on warning signs.
    The exact documents depend on the scope. We may request policies, process descriptions, organisational charts, risk assessments, approval records, system-access information and examples of management reports. We normally speak with employees who own or operate the processes being reviewed. This helps us understand what happens in practice.
    Yes. We can review the control weaknesses connected with the incident and help improve the organisation’s investigation and response process. Formal investigations, regulatory reporting and legal action may also require support from qualified legal counsel and the relevant authorities.
    The review is planned around the agreed scope and availability of your teams. Most work involves document reviews, discussions with key employees and selected process walkthroughs. We avoid requesting information that does not contribute to the assessment.
    That depends on the agreed scope. We may ask for rule details, current thresholds, transaction information, customer categories, alert histories, closure reasons, escalations and previous tuning records. We will agree on the required information before the work begins. If some data is unavailable or unreliable, we will explain how that affects the review.