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Break the fraud triangle, build trust.

Expert Fraud Examination and
Prevention Services

Our Fraud Examination and Prevention Services combine cutting-edge
technology with tailored insights, allowing us to detect existing threats and prevent potential fraud before it happens.

We are here to help you establish a deeply ethical and secure organisational culture where fraud doesn’t stand a chance.
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The Evolution of the Fraud Triangle

Almost anyone who is familiar with fraud theory knows the Fraud Triangle, first developed by David Cressey in 1972. This model identified three factors that make fraud possible: opportunity, pressure and rationalization. At the time, the moral burden of committing fraud often acted as a deterrent.

Over the decades, however, as the procedures became more digitized, the old model has evolved.

In 2019, we have what is known as the Convenience Model, that posits that individuals are most likely to commit fraud when willingness, motive and opportunity are present – particularly when it is convenient.

Today, in the age of AI and hyperautomation, there are simply limitless opportunities to commit fraud, giving us the Evolved AI-Era Fraud Triangle in 2021. AI-driven tools have created an environment where fraud can be executed on a large scale with reduced detection risk.

This evolution highlights an urgent need for organizations to modernize their fraud prevention frameworks to address not only human behavior but also the technological and systemic factors that now drive fraud in the digital era.

year-based
David Cressey’s Fraud Triangle
1972

Limited opportunities

High moral burden

year-based
Convenience Model
2019

Relatively convenient opportunities

White collar crime

year-based
AI-Era Fraud Triangle
2021

Limitless opportunties

Mass motivation, Easy justifcation

Let’s Break the Fraud Triangle

At Innovethics, we help organizations break the Fraud Triangle through:
  • Risk Assessments to identify vulnerabilities.
  • Strong Internal Controls to minimize opportunities.
  • Building Ethical Cultures through training and awareness.
  • Forensic Investigations for swift response to suspected incidents.
Introducing the Integrity Triangle

The Integrity Triangle flips the narrative. Each of the three factors present in the Fraud Triangle can be strongly countered by cultivating a culture of responsibility, accountability, and authority. Here, employees understand their responsibilities, are empowered with clear authority to act ethically, and are held accountable for their choices. This culture reduces the likelihood of fraud by strengthening trust and ethical decision-making across the organization.

Moving from the Fraud Triangle to the Integrity Triangle requires a transformation of the organizational culture. Organizations that invest in training, transparent communication, and strong leadership foster environments where integrity is baked into the DNA.

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VS
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5% of organizations’ revenue is lost every year to fraud, according to estimates by CFEs.
ACFE Report to the Nations 2024

Start the Journey from Fraud
Examination to Full Recovery

1.Fraud examination
  • Our certified fraud examiners uncover any hidden activities using fraud detection solutions like advanced data analysis, forensic accounting, and fraud risk assessments. This includes checking for vulnerabilities in contracts as well as employee backgrounds.
2.Evidence collection and documentation
  • Building a solid case starts with reliable evidence. We secure digital and physical records, conduct expert-led interviews, and use advanced forensics to trace irregularities and ensure legal compliance.
3.Fraud prevention and controls
  • We work to prevent fraud before it happens. To do this, we develop robust anti-fraud policies, implement whistleblower programmes, and provide tailored training to equip your team with proactive prevention strategies.
4.Comprehensive reporting
  • We provide detailed findings, actionable recommendations, and expert testimony to ensure full clarity and support for your next steps.
5.Recovery and remediation
  • We help minimise damage and restore trust through financial loss quantification, asset recovery services, and process redesigns to prevent recurrence.
6.Compliance and legal support
  • We help you stay ahead of regulations with compliance checks and collaboration with law enforcement and legal teams. We ensure your organisation meets all industry standards and laws.
7.Ongoing monitoring and follow-up
  • Fraud prevention is a continuous process. We implement real-time monitoring systems and conduct regular reviews to strengthen your operations and ensure lasting protection.

What You Get

Reduced fraud exposure and financial losses.
Enhanced governance and stakeholder confidence.
Compliance with anti-fraud regulations and global best practices.
Swift response and recovery from incidents.
Start your fraud protection
journey with us
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Testimonials

Your Success is Our
Greatest Achievement

Testimonial

When our organization uncovered a long-running procurement fraud scheme, we were unsure how deeply it had impacted us and how to regain control. Innovethics stepped in with precision and empathy. After a thorough forensic investigation, they helped us to design tighter vendor management controls, automate invoice verification processes, and train our staff to prevent future risks. Innovethics transformed a crisis into a lasting improvement.

Chief Financial Officer,
Multinational Trading Company Company Fraud Examination & Prevention

Use Cases

Client Success Stories

A healthcare group in the GCC faced inflated invoices
and duplicate billing from collusion between internal
staff and vendors.

Cost Optimization

Our Approach

  • We conducted forensic reviews of contracts and payments, uncovered collusion, and redesigned procurement controls.
Cost Optimization

Outcome

Fraudulent vendor
relationships eliminated.

Financial leakages recovered.

Internal controls strengthened.

Recurring inventory discrepancies suggested systematic theft of raw materials and finished goods, disrupting operations.

Strategic Financial

Our Approach

  • Performed a forensic audit , of warehouse processes
  • Identified theft schemes
  • Iimplemented automated tracking and reconciliations.
Strategic Financial

Outcome

Misappropriation of assets halted.

Improved supply chain visibility.

Financial losses reduced.

A listed company in the MENA region was suspected of inflating revenues and concealing liabilities, risking penalties and reputational harm.

Debt Restructuring

Our Approach

  • Conducted a forensic review of financial statements
  • Uncovered misstatements
  • Supported corrective disclosures with the Audit Committee.
Debt Restructuring

Outcome

Fraudulent reporting corrected.

Transparency and controls enhanced.

Regulatory and investor
confidence restored.

A large healthcare group pursuing a high-value acquisition needed to address concerns about high valuations, concealed liabilities, and potential conflicts of interest.

Private Equity

Our Approach

  • Conducted a forensic due diligence review, examining the target’s financial statements, asset valuations, and related-party transactions
  • By applying fraud detection techniques, we identified inconsistencies in valuation reports,
    uncovered hidden obligations, and traced potential conflicts within the transaction structure.
Private Equity

Outcome

Exposed inflated valuations and undisclosed liabilities.

Strengthened negotiation position by validating fair value.

Prevented potential financial and reputational damage.

Over 50% of occupational frauds occur due to lack of internal controls or an override of existing internal controls.
ACFE Report to the Nations 2024

Why Innovethics?

  • 10+ Years of Fraud
    Examination & Prevention

    We bring over a decade of fraud prevention experience through advanced fraud risk assessments, internal controls, and protection strategies.

  • 80+Strategic
    Engagements Delivered

    Trusted by boards, investors, and regulators alike - delivering high-impact outcomes across corporate finance, governance, and enterprise risk.

  • Integrated Advisory Approach

    Our tailored advisory model blends financial strategy, risk management, and fraud resilience, ensuring every solution is comprehensive and aligned with your organization’s full risk and growth profile.

  • Regional Insight

    With 20+ years of experience in the GCC, we understand the regulatory, cultural, and economic landscape, allowing us to deliver advice that’s relevant to the region.

Legal & Regulatory Compliance

To ensure your business operates within the required legal framework, our services adhere to all relevant laws and regulations including:
  • Full alignment with international and local regulations (FATF, UAE compliance)
  • Ongoing updates on anti-fraud laws and enforcement practices
  • Integration of legal standards from detection to reporting
  • Risk mitigation through proactive regulatory insight
  • Ethically sound protocols embedded in all service phases

Frequently asked questions

We help prevent fraudulent activities such as financial fraud, misappropriations, accounting irregularities, unethical practices, and document falsifications through advanced data analysis, forensic accounting, and comprehensive fraud risk assessments.

Our fraud prevention services are tailored to meet the needs of businesses across multiple industries

We assess your organisation’s specific needs by evaluating your systems, processes, and operations, then develop personalised fraud protection solutions that address your unique risks and vulnerabilities.

Our team works closely with you to understand your business size, industry, and specific challenges – offering tailored solutions that fit your unique requirements and help you prevent and manage fraud effectively.

Yes. We provide asset recovery services, helping businesses trace and recover stolen funds or resources while minimising the financial impact of fraud.

Yes. Continuous monitoring systems that utilise advanced tools to detect and prevent fraud in real-time, ensuring that your organisation remains protected over the long term.

Yes. Our fraud protection services are fully scalable, allowing us to adapt our solutions as your business grows and your fraud prevention needs evolve.

Yes. We offer fraud awareness training to equip your team with the knowledge and tools they need to proactively detect and prevent fraudulent activities within your organisation.

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