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Every charity must learn from Fraud Awareness Week

October 22-26 is Charity Fraud Awareness Week, and it’s an excellent initiative. The plan to highlight different types of fraud each day of the week illustrates the scale of the problem: cyber-fraud, grant fraud, donation and legacy fraud, insider fraud, and risks around moving money.

The latest Annual Fraud Indicator estimated fraud against charities in the UK at £2.3bn in 2017. Against this backdrop, OSCR’s recent guidance on reducing fraud risks is welcome. Practical and clear in its approach, it helpfully flags up trustees’ requirement to ‘act with a higher level of care than they do with their own finances and affairs’ – something many trustees may not realise.

Read entire article here.

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