NWFF is pleased to refer to a number of reputable anti-fraud institutions and agencies, either on this website or elsewhere, but is not under any circumstances to be regarded as their agent, nor do their views necessarily represent those of NWFF
10 Point Plan to Combat Fraud
- Consider fraud as a business risk, and take it seriously. Make prevention your priority – don’t assume that fraud won’t affect your business.
- Have in place an anti-fraud policy which is easy to understand and circulated amongst all employees of your organization.
- Have a nominated individual or team within your organization who is responsible for identifying fraud risks, and developing anti fraud controls.
- Every organisation should understand what they will do if things go wrong A fraud response plan is vital, outlining who will do what if an investigation is needed.
- When developing new systems, think about whether they might encourage a fraud, and promote systems within your organization to detect fraud.
- Provide fraud awareness training to all staff, so that they can recognise the signs of fraud.
- Implement and promote a ‘whistle blowing’ policy – so that staff and customers can raise their concerns in confidence.
- Make sure staff understand the value of the anti fraud controls in your business - reward the work that they do to prevent and reduce fraud losses.
- Don’t recruit fraudsters in the first place – make sure you know who your employees actually are through effective vetting, and don’t extend credit to customers without carrying out appropriate background checks.
- If you are a victim of fraud, involve the right people to resolve the problem, Ensure that the offenders don’t get away with it. Report the case to the Police, and take appropriate legal action.
