Answer:
are many either the fraudster can’t reimburse the company, or the company doesn’t want the bad publicity when the problem is reported being the main reasons. We have seen financial institutions who have tried to hide the embezzlement by not letting staff know about it. We have never seen an internal embezzlement that didn’t become known to the local community or staff eventually. The one thing every financial institution should know they have to file a SAR for any internal fraud.
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Learn more about Barry Thompson’s Internal Fraud: The Thieves from Within webinar.
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