Recognizing Fraud: Types, Red Flags, and Recent Cases
Learn about different types of fraud including lease schemes, procurement fraud, and money laundering. Discover red flags indicating fraudulent behavior and recent news on fraud cases. Find out how to handle fraud by talking to an investigator like Sharon Egan.
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Presentation Transcript
Fraud presentation Fraud presentation Sharon Egan Sharon Egan Investigator Investigator Internal Audit and Investigation Service Private: Information that contains a small amount of sensitive data which is essential to communicate with an individual but doesn t require to be sent via secure methods.
Types of fraud Lease schemes Procurement Transport Abuse of position Recruitment Application False accounting Private: Information that contains a small amount of sensitive data which is essential to communicate with an individual but doesn t require to be sent via secure methods.
Red flags Fraud OPPORTUNITY Pressure Evasive Agitated when questioned Behaviour doesn t make sense / fancy cars, holidays Lots of accounts / different names/ spellings Fake docs - Different fonts / faded type / missing logos DISHONESTY FOR FINANCIAL GAIN/ LOSS TO ANOTHER Private: Information that contains a small amount of sensitive data which is essential to communicate with an individual but doesn t require to be sent via secure methods.
Red Flags Money Laundering New client Secretive / evasive High value cash payments Absence of legitimate source of funds Sudden change of activity / irregular Routed through 3rdparty accounts Due diligence Private: Information that contains a small amount of sensitive data which is essential to communicate with an individual but doesn t require to be sent via secure methods.
In other news Kent energy chief Ross Knowles jailed for 2m fraud - BBC News School finance manager jailed for stealing 70k and leaving pupils without 'essential resources' | Nottinghamshire Police Free school transport claimant cautioned for falsified information - Bedford Independent Sunderland school to receive 75,000 after employee's fraud - BBC News Private: Information that contains a small amount of sensitive data which is essential to communicate with an individual but doesn t require to be sent via secure methods.
How on earth do I refer a fraud? Talk to Sharon Talk to Sharon (if WBC) / Action Fraud / Police if crime in action (if WBC) / Action Fraud / Police if crime in action Fraud referral form Fraud referral form Website / intranet improvement Website / intranet improvement Email Fraud internal / Email Fraud internal / Sharon.egan@wokingham.gov.uk Sharon.egan@wokingham.gov.uk Call Call 0118 237 9161 0118 237 9161 Private: Information that contains a small amount of sensitive data which is essential to communicate with an individual but doesn t require to be sent via secure methods.
