Dubai, UAE, 12 June 2017 

Leading global law firm Baker McKenzie recently hosted seminars for senior executives in Dubai, Abu Dhabi and Ras Al Khaimah on how to best manage fraud investigations in the workplace to minimize damage and avoid similar risk issues in the future.

The interactive briefing with senior representatives from Baker McKenzie's Compliance & Investigations teams in the UAE and the UK was moderated by Andreas Carleton-Smith, Control Risks' CEO of Middle East and Africa. Over 100 senior representatives from leading corporates, financial institutions and government entities gathered to discuss practical issues around the first response on discovering fraud, interacting with domestic and foreign regulators, working with the police, prosecutors and courts in criminal and civil proceedings, applying international best practice and protecting the organisation from fraud in the future.

“With all types of fraud taking place even in the most secure workplaces, companies today are facing significant challenges,” said Borys Dackiw, Co-Managing Partner and Head of Compliance & Investigations of Baker McKenzie Habib Al Mulla in the UAE. “This can have a massive impact on the organisation's operations, finances and reputation, and the first steps a company takes upon discovering fraud are crucial in both the short and long term. Cooperation, coordination and compliance are key.”

Hugh Lyons, Dispute Resolution Partner at Baker McKenzie in London, added, “Ultimately, the best way to protect yourself from fraud is to ensure that a robust corporate governance infrastructure is in place, which will offer better clarity and control over what measures you can take and what risks you can manage.”

Baker McKenzie will be running further seminars in the UAE on investigations, risk management and compliance in the coming months.

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With our internationally recognized lawyers and our long-standing presence in the highest-risk jurisdictions, Baker McKenzie's Global Compliance & Investigations Group is there to advise clients on how best to mitigate risk and conduct business ethically. For more than 30 years, our team of more than 450 lawyers has helped market-leading companies to review and structure their risk management programs and to represent them in large scale internal or regulator-driven investigations.

About Baker McKenzie
Baker McKenzie helps clients overcome the challenges of competing in the global economy. We solve complex legal problems across borders and practice areas. Our unique culture, developed over 65 years, enables our 13,000 people to understand local markets and navigate multiple jurisdictions, working together as trusted colleagues and friends to instill confidence in our clients. (www.bakermckenzie.com )

About Baker McKenzie Habib Al Mulla
Baker McKenzie Habib Al Mulla brings over 30 years’ local know-how and extensive global resources to clients in the region, and is the only international law firm in the UAE with full rights of audience before all UAE and DIFC courts. We deliver unmatched on the ground support that reflects a deep understanding of local legal, regulatory and commercial practices. Our multidisciplinary team of 60 lawyers offers a full range of local and international legal advice across our offices in Dubai and Abu Dhabi, in both English and Arabic.

© Press Release 2017