Financial Services

Warfield & Associates has significant experience with providing fraud and corruption prevention, detection and investigation services to the Financial Services sector.

Below are just some examples of the work we have undertaken in the Financial Services sector:

Investigations

  • Independent review of the investigation conducted into the misappropriation of more than a million dollars by senior staff of a credit union
  • Investigation of bullying and harassment allegations made by whistleblowers at a mortgage broking company
  • Investigation of an external fraud on a home loan provider as a result of identity fraud
  • Investigation of a fraud on three international banks involving tens of millions of dollars as a result of false reporting of exports
  • Investigation of a police officer operating a bank account in a false name that led to the successful prosecution
  • Investigation of breach of directors’ duties involving a company who provides information technology services to the financial services sector
  • Investigation of collusion between a staff member and a client to manipulate the fees due and number of switches allowed on a superannuation account
  • Investigation of the alleged theft of intellectual property from a service provider by an ex-employee in order to start up a business in competition
  • Investigation of the misappropriation of client funds by a staff member at a superannuation fund
  • Investigation of the theft of company cheques and the subsequent alteration of those cheques to obtain hundreds of thousands of dollars from a stockbroking firm
  • Investigation of the theft of funds from a funds manager by a staff member
  • Investigation on behalf of a federal government agency of a superannuation company that carried out a fraudulent scheme to hide from investors the nature of the investments being acquired, and losses of millions of dollars
  • Investigation of the unauthorised transfer of funds from a client’s mortgage account to third parties

Fraud and corruption risk assessment

  • Fraud risk assessment of a funds manager
  • Fraud and corruption risk assessment of a superannuation fund

Forensic reviews

  • Forensic accounting assessment of documentation to support lending on a property development including the valuation methods used and alleged conflicts of interest
  • Forensic accounting review of accounting work done by an accountant for valuation lending purposes
  • Forensic evaluation of an independent review of the estate of a deceased person on behalf of one of ten beneficiaries
  • Forensic review of a worker’s compensation claim on behalf of an insurance company
  • Forensic review of contract performance of a big four bank’s relationship to a mortgage provider
  • Procurement review for an international bank

Fraud and corruption awareness training

  • Presentation of fraud awareness training to the staff of federal government financing corporation
  • Presentation of fraud awareness training to client service staff at a superannuation fund
  • Presentation of fraud awareness training to senior governance staff at a superannuation fund
  • Presentation of fraud awareness training to the board of a superannuation fund
  • Presentation of fraud awareness training to the staff of an insurance company
  • Presentation of bribery, corruption, fraud, anti-money laundering to the board of a financial services start-up