Should the reporting of fraud be made compulsory?

Join Cifas CEO Mike Haley in a rountable discussion around whether fraud reporting should be made compulsory.

You can register to attend the event which is being held on the 8th June at 3.30pm here.

At present there is no legal requirement in most countries for a company to report a fraud. This is in contrast to money laundering, where there is a duty to raise a suspicious activity report (SAR) should money laundering be suspected. The widespread nature of fraud and its severe impacts raises the issue of whether the reporting of fraud should also be made mandatory, meaning that shareholders, employees, suppliers, and the general public would be fully aware of anything that may adversely affect the viability of a company. That seems only fair? But is it realistic, how can it be policed and are there better ways of achieving the same end result? This webinar will discuss:

- The pros and cons of requiring the compulsory reporting of fraud
- What the current barriers are to reporting fraud and how they can be overcome
- The lessons to be learnt from countries that have been successful in requiring the mandatory reporting of fraud

Panellists:
Mike Haley – Chief Executive Officer at CIFAs
David Shepherd – Chief Executive Officer at Readiness Resource Group
Lee Fitzgerald – Director at Fraud Advisory Panel

Date: 08/06/2021

Time: 03:30pm

Location: Virtual Event

Category: Partner Event