Anti Fraud Strategy & Risk Management

Fraud and corruption are important issues for any organisation. There is an increasing awareness of the impact of fraud and corruption on the finance and reputation of businesses or Charities. Management should be against fraud and corruption whether it is attempted against or from within the organisation and therefore a Strategy to underpin the Anti-Fraud and Corruption Policy must be created.

We are able to assist small businesses and charities to develop the appropriate anti fraud strategy policy and to create the right perception about its stand on Fraud and corruption.
We offer the following programmes to assist you with your fight against fraud and corruption

• Fraud risk review
• Review of high-risk functions
• Design of fraud prevention controls
• Fraud awareness training for staff

Money Laundering
Money laundering is the process whereby criminals attempt to conceal the true origin and ownership of the proceeds of their criminal activities. If undertaken successfully, it allows criminals to maintain control over these proceeds and, ultimately, to provide a legitimate cover for their source of income and the financing of their criminal activities.
The new money laundering legislation is quite demanding and care will have to be taken as it has serious implications for Accountants, Lawyers, Directors and Trustees.
Large fines and imprisonment are on offer for those who fail to meet the necessary standards.
Ignorance is no excuse and, with these regulations now in effect it is essential that businesses and charities take the necessary actions to protect themselves. A sound understanding of the new Money Laundering regulations is vital to implement appropriate processes and procedures.
Failure to prevent money laundering can have the following effects:

• a directive could be issued leading to sanctions, suspension and cessation of your business activity.
• “Naming & shaming”, causing serious damage to your institution’s reputation.
• Large fines and/or imprisonment.

We provide services to assist small businesses and charities implement policies and procedures to protect themselves.

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