Analysis
The new cyber security standard that will replace all others
The US Department of Defense (DoD) is implementing a new Cybersecurity Maturity Model Certification (CMMC) requirement for all private-sector businesses that work with the DoD.
Michael Kallabat
Director
Michael Kallabat is a Director for Control Risks. He is the Market Director for the United States Midwest region. Based out of Chicago, Michael is responsible for developing business, managing client relationships, and running a variety of global consulting engagements for US-based multinational companies and organizations.
- Americas
- Creating a Compliant Organisation
- Applying Technology Solutions
- Automotive
Michael Kallabat is a Director for Control Risks. He is the Market Director for the United States Midwest region. Based out of Chicago, Michael is responsible for developing business, managing client relationships, and running a variety of global consulting engagements for US-based multinational companies and organizations. Prior to relocating to Chicago, Michael lived between Dubai, UAE and Riyadh, Saudi Arabia for seven years.
Michael is an ACFE and has experience in conducting integrity due diligence investigations, forensic imaging, litigation support, asset tracing, anti-money laundering (AML) gap analysis, problem solving, fraud risk assessments and anti-fraud training, market entry and competitor intelligence.
Highlights of Michael’s recent experience include:
- Competitive intelligence analysis for an automotive manufacture operating in the Middle East.
- Risk advisor for United States automotive manufacturer in Latin America, Africa, Middle East and Asia.
- Fraud risk assessment for an oil and gas client in Saudi Arabia stemming from allegations of USD 3 billion in excess inventory.
- Litigation support and “e-Discovery” for a multi-jurisdictional Ponzi scheme assessed at over USD 9 billion for a Saudi Arabia family conglomerate.
- Conducted forensic analysis for an asset tracing exercise to recover USD 2.6 billion in multiple jurisdictions including the UK, USA, Bahrain, Saudi Arabia and the Cayman Islands for fraudulent trade finance transactions which were the subject of a USD 10 billion dollar claim in Saudi Arabia.
Prior to joining Control Risks, Michael was an assistant manager in Deloitte Forensic and Dispute Services practice in the Middle East and the United States providing a wide range of forensic and other consulting services across the United States and the Middle East. Whilst at Deloitte, Michael focused on forensic investigations, litigation support, and fraud risks assessments.
Michael has a Bachelor’s degree in Finance and International Business from Georgetown University in Washington, DC. He attended the United States Air Force Academy, Oxford University (Trinity College), and was a member of the United States Air Force Academy and Georgetown University American football collegiate teams.
Related articles
Analysis
Transitioning from CFIUS pilot program to full FIRRMA implementation
With final rules expected in early 2020, John Lash, Principal, Control Risks, discusses transitioning from the CFIUS pilot program to full Foreign Investment Risk Review Modernization Act (FIRMMA) implementation with Financiar Worlwide Magazine and a panel of experts.
Analysis
Adopting a resilient approach for recall management
Companies should take a holistic approach to product recall management, that focuses on managing the risk before, during and after a recall event.
Video
Hurricane Dorian in the Bahamas
Hurricane Dorian hit the Bahamas as a Category 5 hurricane on September 1st. Dorian remained stationary for 40 hours, causing widespread damage in Abaco and Grand Bahama.
Analysis
Business continuity planning for a modern workforce
To ensure the wellbeing of staff and avoid operational disruptions, business continuity planners must account for the full range of goods and services their personnel could lose access to in the event of a natural disaster.