Fraud Prevention

It is a cliche, but prevention is better than the cure. Increasingly, organisation are being made aware of the risk of fraud and corruption, and the consequences of ignoring it. Managing risk is vital, and absolutely essential if you are to ensure that you have adequate procedures to comply with the Bribery Act 2010. Good risk management starts at the top looks at the risks and how they can be prevented and detected. Unfortunately, not all risks can be mitigated so you also need know what to do when fraud or corruption is detected.

Fraud Investigation

While prevention is better than the cure, unfortunately it is impossible to totally mitigate the risk of fraud and corruption. This is when you'll need to investigate and gather evidence. Ideally we need to be called in on the mere suspicion that a fraud is taking place. Even if it appears to be a simple misconduct matter it could have more serious implications and the corruption could run wider and deeper than it initially appears.

Latest News

Investitec provides Investigatory Support for FraudLineUK

Investitec, commercial fraud and corruption investigation specialists and matters relating to employment misconduct, are providing investigatory support for FraudLineUK.

Police Paid to Investigate Fraud - August 2010

As a Certified Fraud Examiner, I am heavily involved in the debate of how the growing problem of Fraud can be tackled.

'Fraud - no, it could never happen to us'

Anthony Williams was the Deputy Director of Finance for Scotland Yard. He was responsible for managing the account used for funding anti-terrorist activities. Over a 5 year period he stole around £5 million pound by falsifying vouchers for payments to informants. In fact nearly 70% of the expenditure for that account was misappropriated by Williams!

Fraud and Corruption not only costs you money but can also damage your reputation with clients, customers and shareholders. And it will happen in your organisation, only you haven't discovered it yet.

Just as the London Philharmonic Orchestra (LPO) also found out when 'safe pair of hands' (at least, according to colleagues), financial director, Cameron Poole, was sent to jail for swindling hundred of thousands of pounds from the company to fund a life of luxury. It was only after he had left his post that bosses found the huge hole in their accounts. It is estimated that as a result of Poole's fraud the LPO lost £2.3 million in Arts Councils grants, legal fees and missing interest payments.

To report fraud or corruption in your organisation, actual or suspected, go to www.fraudlineuk.org.uk or call, in confidence, the FraudLineUK Hotline 0800 144 4944

Welcome to Investitec

We are acknowledged experts in Commercial Fraud Investigations, Risk Management and Anti-bribery and Corruption procedures.

We also undertake regulatory and professional misconduct investigations as well as acting in employment and disciplinary matters.

We offer a full range of forensic and technical services including specialist surveillance and counter surveillance.

Head of Fraud Risk Management and Investigations
Ian A Younger, Certified Fraud Examiner
Investitec, Box 122
80 High Street
Winchester
SO23 9AT

Email: ian.younger@investitec.com
Tel: +44 (0) 1794 389 598

St James's Westminster, London Office
Brays International - Investitec
50 Broadway
London
SW1H 0HG

Email: enquiries@investitec.com
Tel: +44 (0) 20 7152 4095

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