This week marks #CharityFraudAwarenessWeek and we want to encourage charities to be more fraud-aware. With a total annual income of over £70 billion, the UK charity sector is vulnerable to fraud and financial crime. Therefore, it is essential that the right counter-fraud measures are put in place. Here are some actions your charity can take –
- Create a culture of ethical behavior throughout the charity
- Develop an anti-fraud policy
- Regularly asses the risk that your charity may be vulnerable to
- Implement robust financial controls
- Ensure there are strong recruitment procedures
- Encourage awareness throughout the charity
- Keep records of suspected and confirmed fraud
For more information, visit www.fraudadvisorypanel.org/charity-fraud/charity-fraud-awareness-week
If you want more advice on financial precautions, please contact our Head of Charities Fiona Haro on 01383 628800.