JGL Service Offering
JGL Forensic Services offers three key services, which each have multiple sub-disciplines. These services are:
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Investigation of Economic Crimes
In our investigations, we obtain and examine various sources for evidence, determine how the crime was committed, quantify the actual and potential losses stemming from the incident, and identify the parties involved in committing the offence. Our findings and supporting evidence are compiled in a forensic report that can be used in institutional proceedings, or civil or criminal proceedings in a court of law.
Our Litigation Support Services are designed to prepare the parties responsible to allow the matter to be dealt with effectively. We provide assistance with presentations and clarifications in terms of the forensic report and supporting evidence, the building of the evidence files to be used in further proceedings, assistance with case preparation, assessment of witness statements, and providing evidence and testimony in further proceedings.
Prevention & Detection
Even the best recommendations over time turn into rules that aren’t strictly adhered to. We believe that a combination of training and education, along with viable, working prevention measures, provides the best deterrent against crime. We provide an approach that realistically fits with the corporate culture of each individual company that we work with, customising the strategy to find the best synergy for that specific environment.
Training & Education
At JGL we value training, and we think that education is often the best protection against economic crime. We train people in effective governance and teach them fraud awareness tactics to keep your business running smoothly. We’ll show our clients where the link is between operational inefficiencies and increased fraud risk, where the ethics of business lie, and how to build a culture into an organisation.
“Education is the most powerful weapon
which you can use to change the world.”
~ Nelson Mandela
Mentoring is also an important part of our story. We’ll show our clients how to do internal audits, how to handle risk assessment, and we’ll mentor finance and supply chain personnel, or even senior management, in how to be more effective in the fight against economic crime.
Policy Development & Verification
While training and mentoring help develop the skills needed to run your business more securely, policy and procedures are needed to formulate a framework in which things need to be done. We help set up frameworks to prevent or detect fraud, to manage governance and business ethics in a more structured way, and even to know what rules to follow when responding to red flags that signal that fraudulent activity is taking place.
Verification is also needed to know exactly what’s going on in your business when it comes to your employees, your assets, your suppliers, and even your business partners. Can I trust this supplier? Was the new employee I hired honest in his CV? Are my employees properly trained to follow legislation correctly?
We’ll investigate all of these queries, and more. We currently cover due diligence (internally and externally), as well as human resource verification, supplier verification, client verification, commercial and entity verification, as well as employment, education, and asset verification.
Investigation and Resolution Services
Financial Statement Fraud
Financial Statement Fraud is the deliberate misrepresentation of the financial condition of an enterprise accomplished through the intentional misstatement or omission of amounts or disclosures in the financial statements to deceive financial statement users.
Asset Misappropriation can be defined as using company or client assets for personal gain. There are two main categories of asset misappropriation: cash and noncash. Some of the popular tactics on the client asset side include embezzlement, larceny, and Ponzi schemes.
Bribery & Corruption
Bribery – means giving or receiving an unearned reward to influence someone’s behaviour. Common form of bribery is a “kickback” – an unearned reward for favourable treatment. Both are corrupt. Corruption – is unlawful or improper behaviour that seeks to gain an advantage through illegitimate means.
Financial Institution Fraud
The major categories of Financial Institutions include central banks, retail and commercial banks, internet banks, credit unions, savings, and loans associations, investment banks, investment companies, brokerage firms, insurance companies, and mortgage companies.
Cheque & Credit Card Fraud
Credit Card companies detect fraud by flagging several different kinds of transactions. Among them are large purchases made just after small ones, online purchases and purchases that don’t fit a cardholder’s profile.
Consumer Fraud & Public Sector Fraud
Consumer Fraud covers a broad array of deceptive and illegal practices performed with the intent to cheat others. Some of the most common types of consumer fraud include identity theft, credit card fraud, unethical debt collection, false advertising, wage theft, and overtime violations.
Computer & Internet Fraud
Examples of Computer or Internet Fraud in action include but are not limited to: … Using someone else’s computer to access personal information with the intent to use such fraudulently. Installing spyware or malware to engage in data mining. Violating copyright laws by copying information with the intent to sell it.
These are the top-level types of economic irregularities that we investigate, and they break down into sub-levels for specific irregularities and charges. We cover almost every economic irregularity possible, and we’ll investigate and deliver evidence and detailed reports that can be entered into court for litigation purposes.
Modern economic crime is committed in a myriad of clever and inventive ways, and our duty to our clients is to be as thorough in our investigations as possible.
Once our investigation is complete, we’ll assist clients with litigation support from the first day in court to the last, offering testimony and evidence in criminal or civil proceedings, and we’ll make sure that the relevant law enforcement agency is notified of the crime so that the law takes its course. We also offer support during disciplinary proceedings, presenting evidence in disciplinary hearings and formulating the charge sheet.
If you’d like to know more about our services and what we can do for you as our client, please contact us.