Procurement & Global Trade Fraud

WHAT IS IT? An all-to-common occurrence, procurement fraud refers to dishonestly obtaining an advantage, avoiding an obligation or stealing or re-directing funds during the acquisition, sale or management of goods and services resulting in extensive loss for an organization. 

Procurement Fraud extends across many industries and types of fraud vary in levels of sophistication, including, but not limited to:

  • Embezzlement
  • Billing Fraud
  • Bid Rigging
  • Product Substitutions
  • Bribery
  • And more…

Financial Crime in International Trade are illegal activities in which exporters and importers get caught into without knowing that they are the victims. These illegal activities include, but not limited to:

  • Financial fraud
  • Corruption
  • Money laundering
  • Terrorist financing

Our team works with you to identify opportunity for these activities to exist within your business and how to protect yourself, your team and your bottom line.

Topics covered in the procurement & global trade fraud training programs are designed and prepared in compliance with the criteria and requirements set by the different participating parties and their respective industry sectors.

Training topics include:

Procurement Fraud


  • Overview of fraud risk
  • Irregularities and misappropriation
  • Fraud statistics
  • Corrupt payments
  • Corrupt influence
  • Collusion between employees and vendors
  • Vendors defrauding the company
  • Collusion among vendors within an industry
  • Employees defrauding their employers
  • Typical fraud indicators

Analysis & Mitigation


  • Key principles to manage fraud
  • Common fraud “Red Flags”

Fraud in the Procurement Cycle


  • Asset Misappropriation
  • Corruption
  • Embezzlement

Financial Crime in International Trade


  • Overview of the major risks related to international financial crime
  • The process of money-laundering through international trade
  • Introduction to terrorist financing
  • Financial fraud
  • Corruption
  • Financial crime indicators
  • Preventive actions