Fraud Risk Mitigation for Compliance Officers

This podcast episode of "The New Compliance Officers Playbook" focuses on identifying and mitigating fraud risks. It outlines various types of fraud, emphasises the importance of fraud risk assessments and identifying red flags such as unusual transactions and lifestyle changes. The episode also details mitigation strategies, including strong internal controls, employee training, and background checks, and stresses the significance of a robust response plan and fostering a culture of integrity. Data analytics and whistleblower hotlines are presented as key tools in detection and prevention. Finally, the importance of leadership in promoting ethical behaviour is highlighted.

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