Countering sales tax frauds
Globally, tax crimes have always been a significant threat to economic stability and governance. These offences that include tax evasion, fake invoicing, refund fraud, and misreporting of income, lead to…
Globally, tax crimes have always been a significant threat to economic stability and governance. These offences that include tax evasion, fake invoicing, refund fraud, and misreporting of income, lead to…
In recent days, Federal Board of Revenue (FBR) has taken many steps to enforce internal accountability mechanism to uproot corruption/malpractices within the organisation. The steps like making Chief Commissioners as…
The Audit Oversight Board (AOB) established under the SECP Act, 1997 to regulate audit profession in the country and the Accounting Standards Board (ASB) recently formed under the control of…
When NAB was established in 1999 the initial target was to go after those who had committed bank frauds and/or did not return the loans taken on flimsy pretexts. The…
Federal prosecutors last month charged the crypto currency CEO phenom Sam Bankman-Fried with committing “one of the biggest financial frauds in American history.” The 30-year-old billionaire, the Securities and Exchange…
THE last two decades, and especially the last two years that have been marked by the Covid-19 pandemic, have made all of us more dependent on technology including the internet,…
The debate Asif Zardari fuelled by making an establishment-threatening speech has (to nobody's surprise except him) become a gross embarrassment for the PPP. He didn't realise that during 2008-13 the…
For a decade, Park Hyeon-su lived in a windowless micro-apartment in Seoul, working double shifts and saving every penny for a deposit on a nice home. Then real estate scammers…
‘Fraud Risk’, specifically also in Pakistani banking industry becomes a key component of Risk in last decade due to fast dynamic changings in business natures and transformations in digital era…
As internet banking disputes spiral upwards, analysts delve into the dark art of fraudsters, revealing surprising vulnerabilities in consumer behavior and potential solutions beyond the tired text message. Consumer on…