Procurement fraud hides in relationships that no single record shows: a supplier that shares a bank account with an employee, two bidders with the same director, invoices split to stay under an approval limit. FinCrimes resolves suppliers, their directors and their bank accounts into one record, screens them, connects them to the staff around them and turns what it finds into cases with the evidence attached.
Each supplier, its directors and its bank accounts are resolved into one record, so a company registered twice, or one director behind several bidders, shows up once. Suppliers and their directors are screened against sanctions and politically exposed persons lists.
Graph analytics links suppliers to each other and to staff through shared addresses, phone numbers, bank accounts and directors, exposing the relationships procurement rules exist to prevent.
Invoices and payments are checked for the patterns procurement fraud leaves behind.
Findings become cases in the FinCrimes investigation workbench, with the linked suppliers, people and payments attached and every action written to a hash-chained custody ledger. Where devices or mailboxes need examining, our digital forensics service preserves and analyses them.
Supplier records with directors and bank details, records of the staff who request, approve and pay, and the invoice and payment history. Matching is stronger where registration and identity numbers are present.
No. A shared address or bank account is a lead for an investigator, not a finding. Each case shows the evidence behind the link, so a person decides what it means.
See supply chain fraud detection working on your own data, deployed on infrastructure you control.