Tags: Fraud

IBE ´Say No´ Toolkit provides employees with immediate assistance

Bribery, corruption and facilitation payments continues to be the most significant ethical issue  for 80% of the FTSE 350 listed companies that responded to the IBE’s  2013 Corporate Ethics Policies & Programmes: UK & Continental Europe Survey. The Bribery Act did much to focus organisations on the need to communicate, train and support employees in this…

UK Home Office to consider financial incentives for whistleblowing

It has been reported (10th October) that the Home Office will consider encouraging whistleblowing by financial incentives in cases involving fraud, bribery and corruption and enabling whistleblowers to receive a share of financial penalties levied against a company guilty of fraud against the government. Audrey Williams, Partner at global law firm Eversheds comments: “We are…

Rogue behaviour can’t just be blamed on individuals, says KPMG

As rogue traders continue to make headlines, KPMG’s Head of Risk Consulting, Karen Briggs, addressed an audience of senior executives debating the impact that rogue behaviour can have on the bottom line. Karen suggested that HR teams can – and should – play a central role in managing risk and preventing fraud. She commented: “The…

CV fraud on the rise warns ID Checking website

With forty eight applicants seeking every graduate vacancy and employees unlikely to take graduates without work experience, 1 the temptation to lie on a CV is considerable. According to the Charted Institute of Educational Assessors, nearly one in three jobseekers have embellished a CV, reflecting a long-term trend of jobseekers disguising their work histories and…

Employees urged to blow the whistle on fraud and corruption

A new service has launched which encourages confidential reporting of suspected fraud or corruption. The Serious Fraud Office (SFO) says SFO Confidential will enable “concerned individuals to help expose situations that might deserve a closer look”. Anyone in an organisation or connected through business or providers of professional services, and with some inside knowledge of…

Private sector paves the way in fraud prevention tactics

UK authorities have reached the limit of their ability to prosecute offenders when organisations come to tackle fraud reports BDO LLP’s. The figures in their 6 monthly fraud update report has prompted Simon P. Bevan, Head of Fraud Services at BDO LLP, to suggest that the finance and insurance sectors may be ‘leading the way’…

1.3bn lost to excessive expense claims

UK businesses lost more than £1.3bn through excessive and fraudulent expense claims during 2010, according to a report from expenses management firm GlobalExpense. Out of the £1.3bn loss, £324m was for fraudulent claims, and £999m was for claims outside company policy. On average 10% of claims were outside company policy in 2010. Managers were found…

David Holman of First Cyber Security has issued a warning that it can take just a few seconds for fraudsters to set up copycat websites designed to sell fake goods with some even adding false security certificates to deceive shoppers. Andrew Garbett, associate at international law firm Eversheds, comments: “We are seeing a growing number…