FOCUS: Privately held companies
Our services are tailored to companies fitting the profile of the Mittelstand: privately owned, globally active, high-tech organizations, facing a rapidly changing regulatory framework with scarce internal anti-fraud ressources.
Our goal is to reduce financial and reputational risks, while providing an additional protection to a company’s customers, executives and employees.
Fraud risk amounts to 5% of annual turnover. Not included are reputational costs as well as criminal liabilities.
NEMEXIS integrates the three pillars of anti-fraud: prevention, hotlines and investigations. One supplier for your global footprint.
We are happy to support the work of “Veterinarians Without Borders (Germany)” in the Horn of Africa by operating a whistleblower hotline.
US IN THE MEDIA
Sweden: Criminal nurses.
US IN THE MEDIA
Europe: Academic corruption
NEMEXIS is an integrator. We bundle the services of numerous highly specialized, independent external partners.
An integrator is the best answer to today’s challenges posed by fraud and corruption. It is the ideal combination of scale and speed. The investigations corporation – high overhead, silos politely called “profit centers” – is obsolete. International fraudsters are agile and lean. Successfull investigators need a structure allowing speed and results. Clients must be able to hire a team fitting the case. They also need to have just one point of contact.
NEMEXIS builds the team around the case. And not the case around the team, as usually happens with employee-based investigation companies.
We work with multi-disciplinary teams of external partners. As no two frauds are identical. Each case requires investigators with a specific know-how. This may include far-flung areas such as investigations, law, auditing, IT, engineering or medicine.
Our quality management is based on the direct feedback of our customer, the internal quality controls of professional associations and – most importantly – the absence of a silo culture within our own structures.
Private companies are worldwide the most frequent victim of fraud by number of cases…
… and record the largest median loss per case.
Source: ACFE “Report to the Nations”, 2018.
The draft of the ground-breaking German “Corporate Sanctions Act” (USG) is also known as the “Association Sanctions Act” or “Law to Combat Corporate Crime”. The draft goes back to the Dieselgate and Cumex cases and was part of the Grand Coalition’s agreement of 2018. It should (see here) be adopted by the Bundestag before the summer break 2020.
The Handelsblatt describes the draft’s key points as follows: “CDU and SPD announced a new sanction right for companies in their coalition agreement. Until now, only individual misconduct can be prosecuted in this country. This promotes criminal behavior such as fraud, corruption or environmental crimes. (…) Fines will amount to up to ten percent of annual revenue. (…) In addition, clear rules for corporate investigations (…) will be created, especially with regard to seized documents and search options. ” (Source)
Whistleblowers are the most important way to detect corruption and fraud. They are practically unknown in 18 EU countries, including Germany, due to a complete lack of protection. The EU’s Directive 0106/2018 will finally introduce a high whistleblower protection standard in all EU member countries by December 2021. In most EU countries, whistleblowing will effectively be de-criminalized.
What else will change? Reporting hotlines will become mandatory in companies with 50 or more employees and in all municipalities with more than 10,000 inhabitants. Whistleblower will be able to choose between internal channels, authorities or the media. Terminating a whistleblower will be forbidden. The employer will have to prove that he does not know or cannot know the whistleblower’s identity. Tips will have to be processed in 3 to 6 months.
In preparation for the USG and the EU Whistleblower Protection Directive, NEMEXIS and the law firm “BRP Renaud and Partner mbB” offer you the most important new requirements as a service package.
This includes: a compliance check of existing contracts and internal regulations with the EU Whistleblower Protection Directive, a technical hotline and the whistleblower management.
For organisations with < 500 employees.
Complex technical solution, high acceptance among whistleblowers.
For organisations with > 500 employees.
High localization options, numerous customization options.
Regardless of company size.
Choose and pick among all of our services:
COMPLIANCE IS SOMETIMES OUT OF TOUCH?
That’s why we apply field-proven solutions. For only he who knows the forest can see the tree.
YOU TRUST YOUR EMPLOYEES?
GOOD FOR YOU.
You’re right 98% of the time. The other 2% can ruin your organisation. Which will not make the 98% happy either.
YOUR ORGANISATION IS FRAUD-FREE?
Most organisations do not use effective measures to identify fraud.
YOUR AUDITORS FOUND NOTHING?
That’s not their job. Only 3% of fraud cases are identified by auditors. And 47% by whistleblowers.