I am a CEO of a small financial institution! Recently we had our first internal fraud, money was missing at our branch. I reviewed where the branch manager and head teller didn’t follow our procedures allowing money to be stolen. I fired them both on the spot. Now this morning we have discovered more money is missing! I didn’t stop the internal fraud how should I proceed?
Management refuses to teach the warning signs of an internal embezzlement. Our CEO states that he doesn’t want anyone thinking about that subject. Should a financial institution train staff on the warning signs of an internal embezzlement?
We had an internal embezzler who robbed us many times before we caught him. We questioned him after every incident, and he never confessed to anything? What were we doing wrong?
We have an internal fraud in our financial institution? Internal Audit, Human Resources and the Security Department are in a major fight over who should be handling the investigation! My question is who should be conducting the investigation?
We are conducting an internal fraud examination concerning three people who might have done it. Our CEO has contacted our outside auditing firm for help. I don’t think the person they sent has even handled an internal fraud case before. What should we do?
Are security guards a deterrent?
If this is a CFPB issuance, do other agencies have to follow it?
Why do people rob banks?
Have robbery methods changed over the years?
We have been trained to comply with the robber’s demands. What if he wants to take an employee as a hostage?