In the previous article, I briefly discussed on how to detect potential frauds. Now, I describe two of the most common fraudulent transactions: “Bank Guarantees” and “Discounted Bank Instruments”. A. Bank Guarantee Sc...

In today's electronic world, there are several new instances of sophisticated financial fraud. Some cases are easier to detect, however, in an increasingly uncertain economic environment, mostly because of the unease of the US Dollar and the increasing st...

Nicosia, 27 June 2008 - Cyprus is one of the most advantageous places of residency for Russian and Ukrainian companies. It offers a high level of banking, auditing, accounting and legal services, as well as its real estates, which developed Cyprus into a ...