The actions of a charity, its staff and volunteers are critical to the effective prevention of fraud. With more than half of fraud affecting charitable organisations being committed by known individuals, more needs to be done to establish a culture of appropriate challenge and scrutiny.
Staff, trustees and volunteers all need to understand how to identify and report fraud in order to minimise the risk of insider fraud.
As part of Charity Fraud Awareness Week last month, the Charity Commission published research reporting that more than half of charities affected by fraud knew the perpetrator.
In fact, the findings make clear that where those committing fraud were identified, 29% were the charity’s own staff member...