A medium-sized bank discovered irregularities in its balance sheet that indicated possible internal embezzlement. The suspicion was directed against a long-time employee in the lending business who is said to have carried out unauthorized transactions.
Foreus was commissioned by the bank to discreetly investigate the matter. The investigation included forensic analysis of financial data and analysis of transaction history. A number of fictitious transactions and fictitious credit accounts were identified. In addition, electronic communications and network activity were monitored to find evidence of collusive acts.
The investigation revealed that an employee of the bank had set up a sophisticated system to redirect fund assets to external accounts. Foreus worked closely with the bank’s legal department to preserve evidence for legal action and helped recover the stolen funds. Thanks to the detection of the fraud, the bank was able to improve its internal controls, restore stakeholder trust and avoid significant financial losses.
After a leading crypto exchange discovered irregularities in its transaction logs, it commissioned Foreus to conduct a security audit to determine the causes and improve the security of its platform.
Foreus commissioned its team of crypto forensics experts to conduct a comprehensive review of platform security, transaction history, and wallet integrities. The audit covered the physical hardware, software infrastructure, and application security protocols and cryptographic procedures.
The audit found that vulnerabilities in the API security of third-party integrations allowed unauthorized access. In addition, opportunities for improvement were identified in user authentication and the internal protocols for monitoring and alerting.
The crypto exchange was able to strengthen its security architecture with the insights and recommendations provided by Foreus, thereby strengthening user trust in the platform. The implementation of the proposed measures resulted in a significant reduction in the risk of future security breaches and strengthened the exchange’s market position as a trusted authority for crypto trading.
A European construction company that wanted to implement a new series of projects in the Middle East was looking for a supplier. To ensure that the collaboration would be successful in the long term, a comprehensive background check of the potential partner was essential.
Foreus conducted a comprehensive background check that included business registry reviews, financial due diligence, reputation screening and operational and compliance risk analysis. In addition, references were obtained and the supplier’s former business partners were interviewed.
The background check of the potential supplier by Foreus revealed various discrepancies in their business practices. These discrepancies indicated that there had been supply bottlenecks and quality fluctuations in the past. Based on these findings, the construction company was able to weigh up the risks of working with the supplier and ultimately decided on an alternative supplier with a better track record. This decision helped to ensure long-term project quality and reliability.
In a complex debtor absconding case, we successfully located a fugitive debtor who was hiding abroad. Our investigation enabled the client to take legal action and recover a significant portion of the outstanding debt.
Our investigations led to the effective enforcement of the client’s legal claims and helped minimize financial losses. Our successful location of a fugitive debtor abroad enabled our client to take legal action and recover a significant portion of the outstanding debt.
