Internal Fraud Prevention

Internal Fraud Prevention

Know Your Customer (KYC) is a fundamental challenge of anti-money laundering. In the same direction, Know Your Employee (KYE) is a key success factor in the fight against internal fraud. 

The impacts of an internal fraud are considerable:

• Financial loss
• Client loss
• Degradation of the image or reputation.

IntellEval teams intervene in the Prevention and Detection of Internal Fraud. Our approach consists of identifying the risk factors and weaknesses of the internal control plan. Afterwards, corrective measures may be taken:

• Rebuilding KYE procedures  
• Establishment of « query tools » and optimization of alerts management
• Additional checks of suppliers, third parties RIB, reality of the services, suspense accounts
• Reorganization of « dual controls » and functions separation  
• Prevention of conflicts of interest
• Protection against data theft.
• Implementation / Improvement of the whistle-blowing plan (alerting ability)
• Etc.