It can be difficult to tell when fruit goes rotten from the inside. Violet Ho offers practical advice for mitigating insider fraud risks in China
No company in any industry is immune to insider fraud, which is perhaps one of the most insidious threats a company can face. However, in addition to dealing with the more common types of insider fraud, foreign companies operating in China are particularly vulnerable to frauds perpetrated by senior executives and managers in key positions, who are often entrusted with a great deal of discretion over operations due to the geographical distances, cultural differences and language barriers with home offices.
The following best practice tips are intended as food for thought to help companies deter and mitigate insider fraud risk and the potential damage to their bottom line and reputation that this may cause.
Violet Ho is senior managing director, investigations and disputes, Greater China, at Kroll