Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Curtis Oman seminar highlights fraud risks  Join our daily free Newsletter

MENAFN - Muscat Daily - 17/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) Curtis Oman organised a seminar on 'Focus on Fraud' at the Grand Hyatt Muscat on Tuesday. 

The seminar provided an overview of Oman's regulatory landscape and its impact on businesses, with insights from Curtis' fraud lawyers, global risk consultancy Control Risks, and global professionals.

The event highlighted instances of fraud and bribery perpetrated in the region and the world. The speakers highlighted that businesses need to be vigilant about fraud, bribery and corruption, and strengthen their anti-fraud processes.

Curtis is an international law firm with its headquarters in New York and 16 offices worldwide. Curtis Oman has provided a full range of legal services to Omani entities and individuals, the Oman government and multinational clients for more than 17 years.

Jamie Kellick, counsel, Curtis Oman, gave a presentation on 'Combating fraud, bribery and corruption in the sultanate, the legal landscape and its implications.'

He said, ''Given what has happened in the last 12-18 months in the world in relation to fraud and corruption, people are taking notice of how is it going to affect them and their organisation's reputation. This is not just in relation to Oman and the Middle East, but corruption and bribery is a global phenomenon.''

''It is a very important subject and companies should think about what they have to do to combat fraud and bribery. This is important for every business and every individual working for the business,'' Kellick added.

The seminar, attended by representatives from the banking industry and other sectors, is the first in a series of planned breakfast seminars by Curtis Oman.

Paul Callaghan, partner, KPMG Oman, spoke about fraud and governance that included dealing with fraud and misconduct, types of fraud and fraud risk management framework.

He said, ''This is a global phenomenon. It is not local, not regional, but all around the world. Anti-fraud programmes are unique at every organisation as each organisation represents different challenges,  different business, risks and different approaches. For fraud risk management, you need to understand what are the risks your business faces.''

Nick Roberts, director - corporate investigations MENA at Control Risks, made a presentation on 'Responding to Fraud,' wherein he highlighted that the response to fraud is as important as its prevention


 


Muscat Daily




  MENA News Headlines
 Mar 1 2015 - Iraq predicts oil will rise to $64-65 per barrelAFP
(MENAFN - AFP) Iraqi Oil Minister Adel Abdel Mahdi said Sunday he expects the price of crude oil, which dropped to a six-year low in January, to continue recovering to reach $64 or $65 per barrel. ...

 Mar 1 2015 - Nbad- USD48t needed to meet global power demandMENAFN
(MENAFN) Energy demand in the Gulf to triple in the next fifteen years far outstripping today's supply, a report released by National Bank of Abu Dhabi (Nbad), Gulf News reported.It figures out that ...

 Mar 1 2015 - Bahrain, Russia to boost trade tiesMENAFN
(MENAFN) The Bahrain side of the Bahraini-Russian Joint Business Council held its first meeting, under the chairmanship of BCCI Chairman, Saudi Gazette reported.However, hailing the relations between ...

 Mar 1 2015 - Abu Dhabi's Eagle Hills plans new USD80b Egyptian cityMENAFN
(MENAFN) Abu Dhabi-based developer Eagle Hills is set to build a new city worth USD80 billion near Cairo, Arabian Business reported.The new city is set to include an airport, hotels, and a mall as ...

 Mar 1 2015 - S. Korean President Starts Mideast TourQatar News Agency
(MENAFN - QNA) South Korean President Park Geun-hye left for Kuwait on Sunday on a nine-day, four-nation trip to the Middle East expected to focus on wide-ranging economic cooperation beyond energy ...

 Mar 1 2015 - Car bombs kill27 in BaghdadArab News
(MENAFN - Arab News) BAGHDAD: Car bombs targeting a crowded market and Shiite militia checkpoints north of Iraq's capital killed 27 people Saturday authorities said as the country's prime minister ...

 Mar 1 2015 - Kuwait reopens Yemen embassy in AdenArab News
(MENAFN - Arab News) KUWAIT CITY: Kuwait decided to reopen its Yemeni embassy in Aden instead of the militia-controlled capital Sanaa.'In the framework of supporting constitutional legitimacy in ...

 Mar 1 2015 - Saudi- 3000 vacanciesto be availablein next episodeof 'Jobs on Air'Arab News
(MENAFN - Arab News) There will be 3000 job opportunities for unemployed young male and female Saudis as well as for foreigners during the tenth session of 'Jobs on Air' on Al Danah television ...

 Mar 1 2015 - Saudi- Al-Samaani: Judicial system impartialArab News
(MENAFN - Arab News) Saudi Arabia's justice system is based on the provisions of Islamic law derived from the Holy Qur'an and the Sunnah (tradition) of the Prophet (peace be upon him). This ensures ...

 Mar 1 2015 - Saudi- Many Madinah sites need better careArab News
(MENAFN - Arab News) Several residents in the city of Madinah have drawn attention of the competent authorities toward multiple Prophet's heritage sites and relics in the area including wells ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help