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Compliance Officers Playbook

Full Fraud Risk Assessments

15 Jan 2025

Description

This podcast episode explains the importance of conducting comprehensive Full Fraud Risk Assessments (FRAs) for organisations. It details the steps involved in a FRA, from defining the scope and identifying risks to implementing and monitoring mitigation strategies. The episode also highlights best practices, such as stakeholder engagement and data analysis, and common pitfalls to avoid, like insufficient leadership support and neglecting emerging risks. Ultimately, the podcast advocates for FRAs as a crucial component of a robust fraud prevention strategy, ensuring compliance and protecting organisational assets.

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