A briefing from KPMG looks at supplier payment fraud, explaining how it works – with the objective to reroute a due payment to another bank account. Such fraud may originate externally by a deceitful individual or business, or it may be committed by an employee within the victim organisation. The briefing says that analysis provides clues to why the fraud so often works. It also looks at how the pandemic has affected supplier fraud controls, and the attendant risk.  It then suggests a number of things that can be done to mitigate the risk.





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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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