ABSTRACT
This chapter describes white-collar crime, internal investigations, and characteristics of successful fraud examinations that can potentially reduce the consequences of a crisis event. It is concerned with the action of internal investigation when a possible crisis in terms of fraud is emerging. To handle an emerging crisis because of white-collar crime suspicions, a business enterprise may initiate an internal investigation by fraud examiners. By initiating an investigation, the corporation may find out what actually happened, and the corporation may stay in control over information about negative events. Fraud examiners, financial crime specialists and counter fraud specialists are in the business of private internal investigations for their clients. Six problematic issues related to their roles are: privatization of law enforcement, secrecy of investigation reports, lack of disclosure to the police, competence of private investigators, limits by investigation mandate, and the issue of regulation of the investigation business.
