In Food Navigator, Arun Chauhan, founder and director at Tenet Compliance & Litigation, has recently outlined some of the key fraud risks facing businesses within the food sector and how these can be mitigated.
In recent years, the focus of food safety has turned to recognise the risk of fraud and how it can impact the industry’s global supply chain.
Tenet Compliance & Litigation’s Arun Chauhan poses an alternative to the original fraud triangle as brought to the fore by Edwin Sutherland and Donald Cressey.
It is estimated that the impact of money laundering in the UK economy is likely to exceed £90bn a year.
In order to tackle this rising problem, the government has launched a new partnership to fight economic crime across the UK.
Decreasing the risk of fraud in the workplace is not just about having the right checks and balances in place but also creating a company culture with a strong moral compass.
Each member of a team – from the front line, right through to the ultimate leader – needs to feel sure-footed in always doing the right thing.
Sport – in particular international cricket – has had its fair share of time in the spotlight for cheating allegations.
On 19 January 2019, Cardiff City Football Club (“Cardiff”) broke its transfer record to sign Emiliano Sala for £15m from FC Nantes (“Nantes”). As with all transfers of players, the terms of the agreement were documented in a written contract between the parties with express terms dealing with, amongst other key issues, payment of the transfer fee.
Last month (December 2018), Tesco hit the headlines as two of its executives were acquitted of any fraud charges in relation to the firm’s 2014 accounting fraud scandal.
