Would you like to have your own in-house Anti-Financial Crime Specialist on-demand but at a fraction of the cost?
Our cost effective online subscription based website and email support provides the tools and resources you need to take a strategic approach to reducing losses to fraud and staying legal and compliant.
If you’re concerned that your organisation is not sufficiently protected from fraud or has been the victim of fraud and you want to put in place systems to prevent, deter and respond to fraud where do you start?
Putting together a strategy from scratch without support can be time consuming and expensive.
Fraud Management Resource Centre offers you a systematic approach to building your fraud management strategy, providing the processes and documents to take you from assessing the likelihood of your company being the victim of fraud, through designing preventive measures and developing an anti-fraud culture.
Different teams across your organisation can access the same resources ensuring a consistent and coherent approach and build in-house capability.
Importantly, because FMRC is a subscription-based service, it also allows you to stay up to date with legislation and best practice. All members also have our email support line available to answer specific queries or to consider requests for additional information or resources.
Subscribe to FMRC now to get up to date and stay up to date with good fraud management practices.
FMRC comprises four key elements to support you:
1. Self-Assessment Tool
Enables you to assess your organisation’s strengths and weaknesses against agreed fraud management standards.
2. The Guide
Guides you through industry best practice for preventing, deterring and responding to fraud, with links to relevant resources.
3. Resource Centre
Provides the tools you need (policy templates, training materials, checklists, risk assessment tools etc.), regularly updated in line with regulatory and legislative changes.
Five reasons to subscribe
1. Save money:
Every UK company is estimated to lose 5% of its turnover to fraud each year*. It’s highly likely therefore that, irrespective of its size, your organisation is losing money to fraud. By using our service to help you to reduce the risk of fraud you can avoid high consultancy costs and improve your bottom line.
2. Save time:
Using our cross industry experience, our experts have curated and refined the masses of information available about fraud management to provide you with a single source of reference and ready to use tools and resources.
3. Develop shared knowledge:
Most organisations can, with the right guidance, develop in-house expertise to implement a fraud strategy. We aim to explain things in a way that can be readily understood by anyone regardless of their fraud management knowledge, so that all the functions involved in the process, HR, Legal, IT, Audit, Risk etc. can have input, and best practice becomes part of corporate culture.
4. Be effective:
There is not a one size fits all solution to risk management as organisations face differing regulatory and legal controls, and often an overwhelming amount of them. FMRC can help you to tailor your approach and, by encouraging a risk-based pragmatic, proportionate, professional response to remaining legal and compliant, ensure that you prioritise the most critical issues. Where there are common solutions or good practice, rather than different disciplines working in silos and duplicating work, this knowledge can be shared to improve efficiency and create a consistent approach.
5. Keep Up:
New legislation, more regulation and changing criminal threats mean keeping up to date is a challenge which FMRC simplifies. Using our expertise we filter information from our network of industry sources, identifying relevant updates and refreshing our guidance and resources to keep you ahead of the game.
*Association of Certified Fraud Examiners (ACFE) State of the Nation Report 2016.
Find out more about how Fraud Management Resource Centre can support you in managing fraud.