Fintech PR

Akhlaq Ahmed Joins J.S. Held, Enhancing and Expanding Global Investigations Practice

Published

3 months ago

August 13, 2024

JERICHO, N.Y., Aug. 13, 2024 /PRNewswire/ — Global consulting firm J.S. Held, proudly celebrating 50 transformative years, welcomes Akhlaq Ahmed, a Senior Managing Director in the firm’s Global Investigations Practice. Akhlaq is a Fellow of the Institute of Chartered Accountants of England & Wales (ICAEW) and a seasoned expert helping clients with accounting dispute and investigation matters. With over 25 years of global, cross-sector experience, he advises corporations, government agencies, regulators, investors, and law firms on dispute, investigations, compliance, and regulatory matters.

Akhlaq’s addition to the J.S. Held team is timely as the full implications of the Economic Crime and Corporate Transparency Act 2023, now law, should be front and center in corporate board rooms. These include:

expanded pre-investigation powers of the Serious Fraud Office (SFO) and the National Crime Agency (NCA) – in line with the induction of a new corporate offense for companies failing to prevent fraud
widened range of culpability and penalties for fraud (beyond the direct perpetrator), in particular, making senior management culpable to fines and criminal penalties should they fail to protect the public against fraud risk
extraterritorial implications of Schedule 13 Offences, including false accounting, fraud by false representation, fraud by abuse of position, and fraud by failing to disclose information

Earlier this year, Nasdaq released the 2024 Global Financial Crime report indicating that the total cost of financial crime, likely well understated, is estimated to be USD 3.1 trillion.

Akhlaq Ahmed specializes in undertaking focused proactive risk reviews, helping businesses identify potential fraud risks before they escalate. “It is apparent that many organizations are unaware of existing fraud or corruption risk,” Akhlaq explains. “Our proactive reviews of financial accounting controls, policies, procedures, and practices help identify red flags and support adherence to regulations like the UK’s Criminal Finances Act.”

In reactive scenarios, Akhlaq conducts thorough financial and accounting reviews to help establish the facts in disputes and investigations. His work spans multiple sectors, including pharmaceuticals, defense, technology, media, telecoms, retail, and the public sector.

Greg Esslinger, Executive Vice President and Global Investigations Practice Lead, shares, “Akhlaq brings extensive experience in specialist accounting investigations, including identifying accounting gaps and financial ‘black holes’. He complements our expertise in Digital Investigations & Discovery by applying his knowledge of forensic technology and data analytics to make sense of financial and accounting flows.”

“Akhlaq’s ability to synthesize complex financial data and his experience with contract compliance investigations significantly enhances our services,” said Simon Placks, Senior Managing Director and EMEA Lead for the Digital Investigations & Discovery service line within J.S. Held’s Global Investigations practice. “His expertise in supply chain contract investigations and business intelligence adds depth to our cross-functional teams.”

“Akhlaq’s diverse experience, particularly in supply chain financial and accounting investigations, fills a gap in the EMEA region,” added Philip Worman, Senior Managing Director of Global Investigations at J.S. Held.

Global Investigations at J.S. Held is home to recognized leaders, strategic innovators, integrated collaborators, and thought leaders who have created the next-generation investigations practice together—a multidisciplinary team with global reach and strong cultural competence. The team provides companies, legal counsel, financial institutions, government agencies, and high-profile individuals with the information required to make well-informed business decisions.

The depth and breadth of our work across numerous markets provide a strong foundation in risk assessment to advise insurance and non-insurance clients as the company has continued to expand and diversify. Today, teams serve organizations across six continents, including 81% of the Global 200 Law Firms and 65% of the Fortune 100 companies.

Learn more about the dedicated and entrepreneurial experts who help transform J.S. Held, explore our story, and celebrate this momentous milestone, our 50 & Forward celebration, with us at jsheld.com.

About J.S. Held

J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

More than 1,500 professionals serve organizations across six continents, including 81% of the Global 200 Law Firms, 70% of the Forbes Top 20 Insurance Companies (85% of the NAIC Top 50 Property & Casualty Insurers), and 65% of the Fortune 100 Companies.

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Contact
Kristi L. Stathis | Global Public Relations | +1 786 833 4864 | Kristi.Stathis@jsheld.com