What's in the News

One way to keep fraud prevention in the minds of employees is to bring in current event articles that highlight fraud schemes and how the fraud was detected and also if the perpetrators were sent to jail. A big deterrent in combating fraud is knowing that fraudsters will be sent to jail fined or both. Also the employees have to know that there will be no repercussions if they expose or turn someone in for committing fraud. The Fin Reg laws that were recently passed by Congress and signed by the President contain a provision that will give the whistle blower anywhere from 10% to 30% of the confirmed fraud.

No Backsliding

How does an organization keep the momentum going when combating fraud. Once all the policy and procedures are written and instituted, how does the organization not forgot about combating fraud. One method an organization can use is something to the effect of a fraud prevention tip of the week or day that can be posted on the organization's internal website or newsletter. Along these same lines an employee that has a valuable fraud prevention save or tip could be highlighted in the the same website or newsletter. Reinforce to the employees that fraud prevention is every one's business.