Reduce the impact of fraud on your organization
Fraud affects Canadian businesses in many ways - the dollar cost in lost revenue is just the beginning. When a fraud case is publicized, the target organization is subjected to increased scrutiny and skepticism from regulators, customers, employees, shareholders, and other stakeholders.
There's also the hidden incremental cost in resources and lost focus, while your organization investigates and tries to address the problem.
Neutral, professional fact-finding can help
Neutral, professional fact-finding can be a very effective tool early in the process. As an outsider, a mediator doesn't have any preconceived notions, and has no relationship with the members of the organization. They're in a unique position to help fill in details on how the fraud was perpetrated, where the assets are, and why it happened in the first place.
Recover more assets faster
Mediation is not intended to replace the criminal process, but it can increase the likelihood of asset recovery. Early discussions can dramatically improve the effort to recover lost assets, because the accused may still feel they have negotiating power if they cooperate, and the trail may not yet be cold.
Protect your corporate reputation and your workforce
Mediation also benefits those who have been defrauded, by helping to keep the fraud and the specific details confidential. For competitive and reputation reasons, corporations don't like to be labeled as fraud victims. Stakeholders get nervous when loopholes challenge the strength and credibility of an organization.
This also helps protect good employees from the distraction and loss of motivation that can result from fraud.
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Learn how to prevent fraud in the future
Fact-finding and mediation in fraud cases can expose the underlying weaknesses that contributed to the act. This in-depth understanding is essential if a similar situation is to be avoided in future.
Mediation and facilitation can shorten resolution time, help maintain confidentiality, improve asset recovery, and reduce the drain on resources.
Is your organization immune to today's threats?
Money laundering and terrorism have become an issue for all major national and international companies. Businesses that operate in many countries or process financial transactions can be unwitting participants in money laundering schemes.
If you suspect fraud or money laundering, a DRS mediator can help you identify the issues and resolve your dispute.
Choose a mediator/arbitrator below,
Contact Us
by e-mail, or call (416) 250-5050 and ask for Jodi Stanley.
Fraud Mediators/Arbitrators/Fact-finders:
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