• Timeous Identification and assessment of potential fraud risks
  
• Implementation of preventative measures to reduce the likelihood of fraud
  
• Development of a system for detecting and responding to fraud incidents
  
• Protection of the organisation's reputation and financial stability
  
• Cost savings by reducing the need for reactive measures and investigations
  
• Improved fraud governance and internal anti-fraud controls
  
• Better allocation of resources to address fraud risks
  
• Increased accountability and responsibility for preventing fraud
  
• Regular monitoring and review of the effectiveness of fraud controls
  
• Improved detection and investigation of potential fraud incidents
  
• Better communication and coordination with internal and external stakeholders, including management, employees, auditors, and law enforcement
  
• Compliance with legal and regulatory requirements related to fraud prevention and detection
  
• Improved overall risk management and governance within an organization
• Identify potential fraud
  
• Prioritise fraud risks
  
• Improve fraud detection
  
• Enhance systems efficiency
  
• Reduce costs related to fraud and other commercial crime related incidents
  
• Focus responses to fraud pressure points
  
• ​Improve stolen funds recovery rates
  

A graphic presentation of our Fraud Risk management model is depicted here below.

The model is proven, simple and effective.

OUR FRAUD RISK MANAGEMENT MODEL

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A fraud risk model is a specific methodology used to identify and assess potential risks of fraud within an organization. Its purpose is to help organizations proactively identify and prevent fraud by analysing data, processes, standard operating procedures and identifying patterns and anomalies that may indicate fraudulent activity.

The benefits of a fraud risk model include the ability to: