How to Implement an Anti Fraud Policy in Financial Institutions – Best Practices to Follow

• By: Staff Editor
• Date: October 14, 2011

Prevention is better than the cure when it comes to fraud as organizations around the world lose around 5% of their annual revenues to corporate malpractices. So how can a financial services organization create an effective anti-fraud policy to prevent such losses? What are the factors to be taken into consideration when drafting such a policy?

This article gives the best practices to follow when drafting an anti-fraud policy for financial institutions.