The Regulator is clear that it “has an interest in ensuring that the opportunity and scope for fraudulent activity in the social housing sector is minimised and that a registered provider’s response is appropriate and robust. A significant fraud may impact on a registered provider’s ability to meet the governance and financial viability standard for example where it reveals weaknesses in internal control systems.”
Numerous types of corporate fraud have been identified within this sector, with the most common types being payroll, procurement, cybercrime, fraud within the finance function, development fraud and estates and maintenance fraud.
If you want support on how to ensure you are compliant and how to respond if you suspect fraud or simply want to chat to us about what risks look like for the sector, please contact.
