Workplace Fraud
Workplace fraud is when an individual or group of individuals to falsify data or information in an attempt to gain an unfair advantage in their employment position. Workplace fraud can take many different forms but is most commonly committed by: o Exposing dishonest employees by falsifying time worked or dates of attendance; o Giving incorrect billings or missing items from the work schedule for Falsifying manufacturer documentation to receive items that belong another company's inventory o Not reporting suspicious activity or improper activities to accounting personnel to Ordering items from supply sources that do not have the items needed to meet production requirements o Marking up finished products to receive bonuses or raises o Hiring other individuals with better credentials than working employees The illegal acts listed above are just a few of the fraudulent acts that may be committed on a daily basis throughout the manufacturing process and distribution chain. Successful Workplace Fraud Prevention Training will help prevent these actions from occurring.
The second area that can be targeted and disrupted is the supply chain. Supply chain is when an organisation buys goods from suppliers, for example from a manufacturer, and then brings those goods through the supply chain to the customer. Once they receive the goods, the customers typically pay much time and money for the goods, making it very profitable for the organised criminals to break the law by providing the fake evidence. The illegal acts listed above are examples of how organisations can be infiltrated by organised criminals who will try and obtain illegitimate gain through a legitimate business process.
The final area which can be targeted is the inventory process. Inventory fraud occurs when an organisation fails to provide enough evidence to prove a product's origin, for example it is not feasible for a factory to prove where a product was manufactured when there is proof from the supplier that the product came from another country. This is because international shipments are almost always subjected to cross checking by the transport companies. If your company relies on the regular supply chain to manage the day to day inventory, you must ensure that it is robust enough to guard against this type of fraud.
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