Fraud Management

Some years I ago I delivered courses to an assortment of bankers and invoice financiers; a key element was entitled ‘The 6 ‘V’s of Fraud Management’, those all important ‘v’s being Verification, Validation, Value, Vision, Variations, Vigilance.

These remain as valid today as they were then and it’s really important that no elements are forgotten during the current crisis.

I’ve seen some loans lately that reflect poorly on the lenders involved as it looks as though any credit policy in force has been, at best, diluted, at worst, ignored.

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