April 16, 2021
REPORT Financial crimes – Poland, Baltic States, Russia, Ukraine, Central Asia in 2020

Almost every day media informs us about financial scandals or crimes committed by large corporations, banks, investors, and individuals. Our experts from NaviRisk have compiled them for you.
There are many ways to move money out of companies. Some activities have amateurish character and are easily identifiable, however, in many cases we face with operations performed by criminal networks consisting of skilled fraud professionals. Taking into consideration the fact that during the last year several new financial crimes has come to light, as well as the fact that currently we know more about the financial crime scandals that have occurred in recent years, this report is presented. Its purpose is simple: to present readers with a compilation of chosen examples of financial scandals that took part in Poland, Baltic states, and CIS countries, which were investigated by the governmental authorities in 2020 and were most often reported by media. Please note that some of them were considered as a criminal activity by official bodies, but some of them are currently being investigated.
Another report’s aim is to raise the awareness of financial crime, which is a significantly increasing type of a criminal activity all around the world. According to Forbes, the FBI’s Internet Crime Complaint Centre received almost as many fraud reports by the end of May 2020 as it had in all of 2019. This is a pure sign that financial criminals are doing well, and all the measures taken in order to prevent them from criminal activity were insufficient.
Check out the most illustrative examples of crime in 2020 – NaviRisk_FinancialCrimes_Report
Read more:
February 28, 2025
Fraud: Internal and Business Partner Scams
Fraud poses a significant risk not only to a company’s financial stability but also to the reputation of its owners. What exactly is corporate fraud, and how can it be detected? Understanding Business Fraud Fraud, by definition, refers to deliberate actions intended to deceive a company or business partner for financial gain. Common examples include […]
February 3, 2025
How To Mitigate Business Risks In 2025?
The business landscape is shifting quickly. Companies operate in a world of great volatility and complexity. This dynamic environment brings two critical areas of risk that organizations must manage: leadership and reputational risks. These critical elements are not abstract or academic issues; they matter regarding long-term corporate survival and success. How to manage those […]
October 23, 2024
NaviRisk’s Comprehensive Due Diligence for Business Partners in Far East
Companies are increasingly operating across borders, thus the complexity and scope of potential risks have grown. NaviRisk gives them a comprehensive background screening of potential business partners. One of the most critical applications of international, multi-juridical investigations is in the vetting process of potential business partners. Ensuring a business associate’s credibility and ethical standing has […]