Internal fraud: How to deter criminal employees
“You sold your soul. For sex, luxury trips with and without your wife; for bling and for swank”, Judge Martin Beddoe said, when he sentenced a corrupt banker to 11 years and 3 months' imprisonment in the HBoS case. In this Insight on internal fraud, we look into the steps that corporations can take to deter workplace-related crime, also classically referred to as white-collar crime. Since punishment is equally important, we address this too. In our next Insight on internal fraud, we will focus on tomorrow’s criminals – the so-called “cybercrooks” – and how corporations can protect themselves against cybercrime.