Internal controls, culture help with prevention – but cautious investigations, appropriate discipline also important, say lawyers offering tips for HR
"You can never eliminate [fraud], but you can certainly minimize it significantly.,”
So, says David Milosevic, managing partner at Milosevic and Associates.
That statement rings especially true in light of a recent fraud case in Saskatchewan. Tony Dou, a former provincial government employee, was arrested on charges of money laundering and breach of trust by the Royal Canadian Mounted Police (RCMP).
According to the RCMP investigation, between April 2015 and July 2022, Dou fraudulently altered documents and accessed government databases without authorization, obtaining $650,000 from participants in the Saskatchewan Immigrant Nominee Program (SINP).
These types of fraud cases are common across Canada, Milosevic says:. “The only thing that was a little bit different about this one was that it was an employee on the inside.”
While many organizations focus on preventing external breaches, Milosevic notes that internal threats can be just as damaging
“If someone knows the system, they can defraud,” he says.
A similar case emerged last week, where a Winnipeg worker was charged with stealing $38,500 from a department store by manipulating specific transactions.
So, how should employers work to minimize employee fraud attempts in their workplace? By eliminating any opportunities that allow it to...
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