Strategic Fraud Risk Management 1ed

he Anti-Financial Crime Compendium is a collaborative collection of volumes across the full financial crime landscape. The volumes are designed to be conversational and provide an inter-connected network of insights that only seasoned professionals would know. The contributing authors are all experts within their respective domains and share their end-to-end practical tips, tools and tricks. In this volume we discuss Strategic Fraud Risk Management: Do you need to plan for a certain event? It is going to happen whether you like it or not; what’s to plan for? Fraud in organisations, is such a certain event. It is happening in every organisation, as we speak. No amount of aspiration is going to prevent it. Too many organisations are, unfortunately, stuck in the rhetoric that they do not have fraud. It is as if the leaders of these organisations believe that it is only badly run organisations that have fraud and they do not want this to be a poor reflection on them. Surely, if I cannot see it, then it isn’t happening? It doesn’t help if I am not looking for it.  You are (hopefully) going to get older, your children are going to grow up. Do we live day-to-day, or do we plan for our children’s future education and our retirement? Perhaps we do not have the ability to provide for the ideal future, but we try within our means. A certain event is a gift. A certain event takes the guess work out of what and when. It firstly, allows us to focus on how you are going to respond to the event. A tactical response. More importantly, it allows us the opportunity to think how we can minimize events.  A strategic response.