Staff View: Illustrative cases of fraud in a bank: types, causes, distresses and mitigators / Surida Mat Piah

Illustrative cases of fraud in a bank: types, causes, distresses and mitigators / Surida Mat Piah

The purpose of this study is to examine the types, causes, distresses and mitigations of bank fraud. From the findings of this study, it can be concluded that the purpose of the study are met. The summary of the findings are as follows: 1. Types of fraud in the bank are categorised into external an...

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Main Author:	Mat Piah, Surida
Format:	Thesis
Language:	English
Published:	2013
Subjects:	Fraud. Swindling. Confidence games Commercial crimes. Financial crimes. White collar crimes
Online Access:	https://ir.uitm.edu.my/id/eprint/15273/1/TM_SURIDA%20MAT%20PIAH%20AC%2013_5.pdf https://ir.uitm.edu.my/id/eprint/15273/
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id	my.uitm.ir.15273
record_format	eprints
spelling	my.uitm.ir.152732022-03-14T04:09:26Z https://ir.uitm.edu.my/id/eprint/15273/ Illustrative cases of fraud in a bank: types, causes, distresses and mitigators / Surida Mat Piah Mat Piah, Surida Fraud. Swindling. Confidence games Commercial crimes. Financial crimes. White collar crimes The purpose of this study is to examine the types, causes, distresses and mitigations of bank fraud. From the findings of this study, it can be concluded that the purpose of the study are met. The summary of the findings are as follows: 1. Types of fraud in the bank are categorised into external and internal fraud. 2. The causes of the occurrence of frauds in the bank that were found in this study are mainly due to violation of standard operating procedures, breach of dual control, lack of monitoring and supervision from the superior, negligence act and dishonesty of the employees. 3. Due to the fraud, the distresses that were found in this study and suffered by the bank are not only in terms of financial loss and non-financial loss. 4. The internal control systems of the bank are found to be able to detect fraud and can be considered as effective but there is still a loophole in the system that the bank needs to address. From the above findings, the recommendations for this study are as below: 1. Provides training to employees to instil fraud awareness culture. 2. Conducting fraud awareness campaign and fraud alert. 3. Provide training on good ethics. 4. Perform anti-fraud control gap analysis. 5. Improve the internal control systems of the bank. 6. Revisit the bank fraud risk management framework. 7. Screening on the background of future or potential staff. 8. Tone at the top, management by example. 9. Provide financial assistance or solution to employees’ financial problems 10. Imposed strict disciplinary action against offenders. 11. Provide hotlines and encourage whistleblowing 2013 Thesis NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/15273/1/TM_SURIDA%20MAT%20PIAH%20AC%2013_5.pdf ID15273 Mat Piah, Surida (2013) Illustrative cases of fraud in a bank: types, causes, distresses and mitigators / Surida Mat Piah. Masters thesis, thesis, Universiti Teknologi MARA.
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	Fraud. Swindling. Confidence games Commercial crimes. Financial crimes. White collar crimes
spellingShingle	Fraud. Swindling. Confidence games Commercial crimes. Financial crimes. White collar crimes Mat Piah, Surida Illustrative cases of fraud in a bank: types, causes, distresses and mitigators / Surida Mat Piah
description	The purpose of this study is to examine the types, causes, distresses and mitigations of bank fraud. From the findings of this study, it can be concluded that the purpose of the study are met. The summary of the findings are as follows: 1. Types of fraud in the bank are categorised into external and internal fraud. 2. The causes of the occurrence of frauds in the bank that were found in this study are mainly due to violation of standard operating procedures, breach of dual control, lack of monitoring and supervision from the superior, negligence act and dishonesty of the employees. 3. Due to the fraud, the distresses that were found in this study and suffered by the bank are not only in terms of financial loss and non-financial loss. 4. The internal control systems of the bank are found to be able to detect fraud and can be considered as effective but there is still a loophole in the system that the bank needs to address. From the above findings, the recommendations for this study are as below: 1. Provides training to employees to instil fraud awareness culture. 2. Conducting fraud awareness campaign and fraud alert. 3. Provide training on good ethics. 4. Perform anti-fraud control gap analysis. 5. Improve the internal control systems of the bank. 6. Revisit the bank fraud risk management framework. 7. Screening on the background of future or potential staff. 8. Tone at the top, management by example. 9. Provide financial assistance or solution to employees’ financial problems 10. Imposed strict disciplinary action against offenders. 11. Provide hotlines and encourage whistleblowing
format	Thesis
author	Mat Piah, Surida
author_facet	Mat Piah, Surida
author_sort	Mat Piah, Surida
title	Illustrative cases of fraud in a bank: types, causes, distresses and mitigators / Surida Mat Piah
title_short	Illustrative cases of fraud in a bank: types, causes, distresses and mitigators / Surida Mat Piah
title_full	Illustrative cases of fraud in a bank: types, causes, distresses and mitigators / Surida Mat Piah
title_fullStr	Illustrative cases of fraud in a bank: types, causes, distresses and mitigators / Surida Mat Piah
title_full_unstemmed	Illustrative cases of fraud in a bank: types, causes, distresses and mitigators / Surida Mat Piah
title_sort	illustrative cases of fraud in a bank: types, causes, distresses and mitigators / surida mat piah
publishDate	2013
url	https://ir.uitm.edu.my/id/eprint/15273/1/TM_SURIDA%20MAT%20PIAH%20AC%2013_5.pdf https://ir.uitm.edu.my/id/eprint/15273/
_version_	1728054702104379392
score	13.211869

Illustrative cases of fraud in a bank: types, causes, distresses and mitigators / Surida Mat Piah

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