WHO ARE WE?
NORCO specialises in the field of corporate crime risk management. We unearth concealed crime, analyse vulnerabilities within the systems of control, propose customised solutions to neutralise crime and avoid future losses, and provide continuous process and compliance audit, verification and monitoring services. We integrate technology, sound legal knowledge and risk management processes into a systematic and effective approach to crime risk management.
The firm is jointly managed by Bradley Barrable LLB, an admitted attorney, and David Vagle FP (SA), formerly a director within a global audit firm, and founder of Vagle and Associates (Pty) Ltd.
Whereas our head office is situated within Gauteng, we have capability to operate nationally and into Africa
HOW MUCH IS YOUR BUSINESS LOSING THROUGH CRIME?
We have uncovered evidence of theft, fraud, corruption, tender manipulation and such like within 95% of businesses assessed, exceeding R 200m in value, involving employees, suppliers, contractors and transnational organised crime syndicates.
Our crime intelligence operations led to the uncovering of a high-level crime syndicate involving senior officials of State who orchestrated theft of commodities in transit and within ports. Unless uncovered, corporate crime will intensify unabated - can you afford not to know what’s happening within your business?
OUR SERVICES
- Risk assessments – inbound material and outbound logistics, product/material in-transit control, effectiveness of the company’s loss prevention programme, site and off-site security and material handling operations.
- Vendor risk control services including performance of in-depth due diligences, detection of procurement and bidding procedural exploitation, scope of work manipulation to favour a certain supplier, corruption, supplier collusion, and performance of contract and project expenditure reviews for indications of financial misappropriation, unfruitful or wasted expenditure.
- Fraud detection audits.
- Corporate forensic audit and investigations.
- Legally driven covert operations and organised crime syndicate infiltration.
- Legal support – loss recovery, statutory compliance auditing, FIC Act training, review and/or drafting of supplier agreements and commercial disputes.
- Customised crime prevention initiatives.
- Specialised investigations – whistle-blower reports, conflict of interest, anti-competitive behaviour, breach of fiduciary duties, allegations pertaining to management misconduct, and matters of extreme sensitivity.
- Contract and project expenditure reviews for indications of financial misappropriation, unfruitful or wasted expenditure.
- Assessment of project and contract expenditure over-runs.
- Insurance claim preparation support, in particular fidelity (dishonesty and theft related) claims.
Specialised Investigations
- Employee misconduct.
- Unethical conduct.
- Anti-regulatory behaviour including anti-competitive behaviour and contravention of the FIC and Companies Act.
- Misappropriation of trust funds.
- Non-profit organisations - unfruitful and wasteful expenditure and/or misappropriation of funds.
- Violation of human rights.
- Potential breach of contract and/or acting in conflict of interest.
- Vendor misconduct and/or disputes.
- Due diligence investigations – determining the true reasons behind the proposed acquisition or merger, hidden agendas of sellers, undisclosed external business interests, personal financial status of selling shareholders, and such like.
- Private and civil investigative services – human rights violation, trademark infringements, industrial espionage and sexual harassment or violation.
- Asset tracing for discovery and division of estate purposes.
Legal Services
- Regulatory compliance assessments – FIC and inter-related anti-crime legislation.
- Compliance support services - Financial Intelligence Centre Act, 2001 (Act 38 of 2001) (FIC Act).
- Risk assessments.
- Development of the Risk management and Compliance programme.
- Employee training.
- KYC (Know Your Customer) - comprehensive and extended checks.
- High-level awareness presentations to Exco – FIC Act, POPIA, and fiduciary obligations under the Companies Act.
- Legal opinions.
- Review and/or preparation of supplier and joint venture agreements, ensuring that the obligations and interests of all parties are clearly articulated.
- Other matters that could result in prejudice to the client, or legal redress.
- Investigation into sensitive matters - violation of human rights, breach of fiduciary duties, anti-regulatory and anti-competitive behaviour, breach of contract and vendor misconduct.
Criminal Investigations
- Fraud detection audits.
- Whistle-blower hotline reports.
- Lifestyle inconsistency with salary earnings.
- Conflict of interest.
- Procurement and tender process manipulation.
- Theft, fraud and corruption.
- Vendor price inflation and/or other actions of fraud.
- Legally driven covert operations and intelligence gathering.
- Legally constituted integrity probes.
- Concerns into illicit dealings, particularly goods traded within the marketplace below market value.
- Counterfeit goods.
- Collation of evidential material necessary to secure a criminal conviction, satisfy a civil action or insurance claim.
Vendor Risk Control Services
- Extended in-depth conflict of interest checks.
- In depth vendor due diligence assessments.
- Testing for BEE fronting.
- Investigation into single-bid, scope creeping and spend over-run contracts.
- Independent price testing against the general market-price.
- Bidding integrity assessments – appropriate vendors afforded opportunity to bid, scope of work not tailored around the services of a particular supplier, scope of work not prepared by a particular bidder and fair tender process.
- Verification of actual service or goods delivery.
- Investigations into concerns of vendor misconduct – inflated pricing, tender collusion with other bidders, kick-back to client employees, used goods supplied as new items and many other scams.
Insurance Investigations
- Investigation into suspicious and/or inflated claims.
- Fidelity claim investigations - losses resulting from the fraudulent or dishonest actions, including goods in transit.
- Legal recovery support.
- Support for preparing accurate and comprehensive claim submissions.
- Avoidance of multiple claim excess payments in matters of linked transactions or events.
- Risk advisory to avoid future losses and claims.
- Financial transaction analysis.
- Assessment and verification of organisational processes and controls.
OUR COMMITMENT
All work is performed within the framework of ethical and legal requirements and with due regard to independence, objectivity, fairness and human rights.